Cardano launches major update, how it will affect the ADA price


Cardano (ADA) network has launched its latest update for the past week, in which it recorded yet another milestone in its on-chain activities. As per the update, a total of 117 projects have been launched on Cardano so far, with a total of 1,205 currently building on the protocol at the moment.


On Cardano, the total number of Plutus Scripts recorded came in at 5,857, and of this number, 762 were Plutus V2 Scripts. The growth of the Cardano blockchain was also showcased in the total number of token policies issued, which came in at 70,039. A total transaction count of 61.8 million was recorded, pitching the network as one of the most versatile in today’s blockchain ecosystem.


Cardano started the year on a stellar note thanks in part to the active developmental work being done by the developers. In the weekly update, a major update on the Hydra Protocol was also shared that featured the completion of work on a different way of dealing with contests during the contestation period.


According to the terms of the update, the new way discovered will always push the deadline out, making contestation periods easier to pick depending on the network a head runs on.


What’s next for Cardano?

Cardano has thus far prided itself in its ability to create new momentum for itself irrespective of the trend on the market. The developers will be counting on how well they started this month as a way to fire up and hit even more impressive milestones this week.


Cardano is changing hands at a price of $0.3637, up just 0.78% in the last 24 hours. The digital currency has fallen more than 10% over the past week as the market experienced a rout over the weekend. When the Hydra extension finally launches, it will position Cardano as arguably the most scalable network, with positive implications for the ADA in the long run.



Read More:

Pi Network Launch Date: When Will Pi Coin Enter The Market?

Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake?

Pi Coin Price Prediction: Will Pi Ever Be Worth Money?

Luna Classic Price Prediction: Will Luna Classic Reach $1?

How to Stake LUNC: Everything You Need to Know

Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK

Hooked Protocol Price Prediction 2023, 2025, 2030

Will Shibarium Burn Remove 111 Trillion SHIB Annually?

Gasoline Price Prediction 2023-2030: What Will It Be in Five Years?

HBAR Price Prediction 2025, 2030

ADA Cardano Price Prediction 2025, 2030

Moon Bitcoin Review – Your Best Chance to Get Free Bitcoins

Metamask Airdrop – To Get $MASK Token For Free?

Sofi Stock Price Prediction for 2023, 2025, 2030

Polygon MATIC Price Prediction 2023, 2025, 2030

Ethereum Price Prediction 2025-2030

How to Buy Bitcoin in 2023? 

Bitcoin Futures Trading for Beginners

BTCC Review 2023

BTCC Discount: To Earn 3,500 USDT Deposit Bonus

Register now to begin your crypto journey

Download the BTCC app via App Store or Google Play

Follow us

Scan to download