Cardano's weekly development report, released on 8 December 2023, showcases the platform's significant advancements.
IOG's update reveals a vibrant growth trajectory for Cardano, highlighting key developments and comprehensive statistics. The initial launch of Conway conformance testing marks a step forward in system reliability and performance.
Preparations for the Lace 1.8 release are underway, indicating continuous network evolution. Progress in decentralised applications (DApps) is evident with the Marlowe TS-SDK beta and a payouts DApp prototype.
These steps demonstrate Cardano's dedication to enhancing smart contract frameworks and blockchain utility.
Insights from the monthly Hydra review, a layer two scaling solution, reflect Cardano's commitment to scalability and transaction efficiency.
The active Intersect committees contribute to a secure, collaborative ecosystem, aligning with Cardano's decentralised vision. The community is invited to review projects in the Catalyst phase, fostering engagement and feedback.
Looking forward, a Haskell course in 2024 aims to build a skilled community around Cardano’s programming language. IOG has launched 152 projects, with 1,307 more in progress, indicating a thriving ecosystem.
Image: Essential Cardano
The platform has clocked 79.7 million transactions, highlighting growing adoption and network utilization.
Token-wise, 9.1 million native tokens circulate under 81,621 policies. Plutus scripts have seen 6,260 deployments for version 1 and 4,981 for version 2, signifying strides in smart contract capabilities.
These developments collectively paint a picture of Cardano's dynamic growth and potential in the blockchain sphere.
Charles Hoskinson has launched a policy office to push for clearer crypto regulations in the US, hoping to work with the incoming Trump administration. The move has sparked a 35% rise in Cardano's ADA price, reflecting investor optimism for regulatory progress.
AnaisCharles Hoskinson addressed the negative sentiment surrounding Cardano, stating it stems from the network's transition into the Voltaire era, which aims to decentralize governance and address long-standing issues. He emphasized that Cardano's transparency and unique governance set it apart from other blockchains, reinforcing its commitment to innovation, privacy, and long-term growth.
AnaisCardano has begun the first stage of its transition to decentralised governance with the Chang hard fork, which will be completed in 90 days, shifting power to community-led bodies.
SanyaCardano creator Charles Hoskinson is offering $1 million to anyone who can crack the new Lace Paper Wallet, a challenge open until the end of 2024. Is this a masterstroke of innovation or a high-stakes gamble?
KikyoThe speculation around a Cardano ETF could potentially drive ADA towards its previous high of $3.10. With current trading prices around $0.391 and a significant support range, there may be opportunities for a price rebound.
Xu LinHoskinson predicts Cardano could surpass Bitcoin due to its mission and adaptability, emphasising governance and technological evolution.
Cheng YuanCardano is poised for a significant upgrade, with large holders reducing their positions amid mixed sentiment. Technical indicators and upcoming changes suggest a potential price increase for ADA, possibly reaching $0.43 to $0.47.
SanyaCardano (ADA) founder Charles Hoskinson has taken a clear stance on the interplay between politics and cryptocurrencies, urging support for pro-crypto political candidates. This came in response to a post by Ethereum (ETH) co-founder Vitalik Buterin, who cautioned against prioritizing political leaders based solely on their cryptocurrency policies.
WenJunCardano's (ADA) surge continues as investor optimism grows ahead of the Chang upgrade.
Huang Bo
DanteAccording to Dapp Radar’s Q3 report, daily unique active wallets (UAW) for decentralized applications (dApps) grew 70% between Q2 and Q3 to reach an all-time high of 17.2 million.
JinseFinanceEIP-3074 enables EOA to have the same rich execution capabilities as contracts, opening up many new application scenarios.
JinseFinanceDeFi’s 24-hour fees hit $13 million, with Lido topping the list.
JinseFinanceArthur Hayes criticized Cardano's dApps for lack of utility, engaging in a heated exchange with co-founder Charles Hoskinson, while questioning ADA's value and suggesting Ethereum as a better option.
AlexLedger announces an end to blind signing for Ethereum dApps by 2024, following a recent exploit, enhancing security and user transparency.
Huang BoJinseFinanceTrust Wallet, one of the most notable decentralized wallets, has added support for Solana decentralized apps (dApps).
OthersThe announcement comes a month after Aave founder Stani Kulechov gets suspended from Twitter for his joke about being the interim CEO of the social company.
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NulltxSince free-to-use decentralized applications are possible, developers should have a path to acquire sources to support their DApp’s growth.
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