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Cardano Marks New Milestones: Development, DApps, and Token Growth

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.

Cardano Marks New Milestones Development DApps and Token Growth

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.


* Original content written by Coinlive. Coinbold is licensed to distribute this content by Coinlive.