This year Cardano showed rapid growth in terms of new project development in its ecosystem because of the smart contract feature. And this growth is five times more than any other crypto project.
Cardano is a popular crypto blockchain network, which is known as an Ethereum rival. This crypto blockchain network operates on Proof-of-stake consensus, which is a modern model of crypto network. At present, Cardano is preparing to go through Vasil Hardfork, to bring huge efficiency & scalability to the network with additional features.
After completion of Alonzo Hardfork’s post-development work in late December 2021, a total of 94 projects have been launched in Cardano smart contract blockchain ecosystem. At present, a total of 1,093 projects building development work is going on, while the number of Plutus scripts stood at 3,196.
This rapid development of new projects in the smart contract ecosystem is around 5 times more than any other crypto project, thanks to Alonzo Hardfork.
Alonzo Hardfork
Alonzo Hardfork was the crucial Hardfork of the Cardano blockchain, which introduced a smart contract feature in the Cardano Blockchain successfully in September 2021.
However, it took a very long time for the team to introduce the smart contract feature but overall it resulted in a better outcome, which is focusing on real-level development works instead of trend-based temporary works.
Now, in this time frame, IOHK, the developer team behind the Cardano blockchain, is working to introduce Vasil Hardfork to bring the ability for the Developers to integrate new features into the Cardano Blockchain.
After the successful Introduction of Vasil Hardfork, the team will introduce the Hydra protocol to allow the Cardano network to facilitate transactions at 1 million TPS scalability.
Read also: Car producer Ford will create virtual cars in Metaverse
Cardano hits 5 fold increment in new project building in its ecosystem
https://bitcoinik.com/cardano-hits-5-fold-increment-in-new-project-building-in-its-ecosystem/feed/
https://bitcoinik.com/cardano-hits-5-fold-increment-in-new-project-building-in-its-ecosystem/feed/
Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!
How does it work?
- Select Trade in the main menu, then select Trading bot.
- Select a spot trading pair from the Trading bot menu.
- Select Moon Grid from the listed strategies.
- Enter the amount you want the bot to trade and click Create.
- Your bot will then be live.
- To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
