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Cardano (ADA)<\/a> looks to be on course to become the world\u2019s number one blockchain for decentralized applications (dApps<\/a>) development. In the last 30 days alone the number of new smart contracts based on Cardano\u2019s newly launched Plutus platform surged from 897 to 969, a strong indication that more and more developers are now trooping to the network.<\/strong><\/p>\n Despite having a dedicated and highly reputed development team, Cardano (ADA), a multi-purpose distributed ledger technology (<\/span>DLT<\/span><\/a>) network is arguably one of the most criticized projects in the blockchain industry, with some of its critics describing it as a \u2018ghostchain\u2019 without real users or purpose.<\/span><\/p>\n However, in spite of these negative vibes, the Cardano project has managed to maintain its position among the top 10 blockchain projects over the years and it now appears the blockchain network is set for exponential growth in 2022 if the latest development in the Cardano camp is anything to go by.<\/span><\/p>\n It will be recalled that the Cardano team successfully completed the <\/span>Alonzo<\/span><\/a> update in September 2021, empowering the network with smart contracts capabilities and decentralized applications (dApps) development. Indeed, the Alonzo era has proven to be the gamechanger for Cardano, as the number of smart contracts on <\/span>Plutus<\/span><\/a> has risen to 969 in 2022 from just over 896 in December 2021.\u00a0<\/span><\/p>\n For those who are unaware, Plutus is Cardano\u2019s smart contracts platform. It enables developers to write dApps that interact with the Cardano blockchain<\/span><\/p>\n Commenting on the impressive milestone, Charles Hoskinson, the CEO of Input Output Hong Kong (IOHK), the organization in charge of Cardano, noted that the initial delays in implementing the smart contracts feature attracted a lot of bad energy, however, he is now delighted that the effort of the team has finally paid off.<\/span><\/p>\n In his words:<\/span><\/p>\n \u201cWe had to rewrite the software three times, there were major changes in architecture and vendors. There were approaches taken that didn\u2019t work out, there were of course delays.\u201d<\/strong><\/p>\n<\/blockquote>\n With Plutus now fully functional, the focus will now be to bring cost-efficient DeFi to Cardano and a good number of projects, including SundaeSwap, Liqwid, MinSwap, Ardana, and others, are gearing up to make that a reality.<\/span><\/p>\n At press time, the price of ADA is hovering around $1.27, with a market cap of $42.80 billion, according to CoinMarketCap.<\/span><\/p>\n Like BTCMANAGER? Send us a tip!<\/p>\n Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4<\/strong> \n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n \t\t\t\t(function(d, s, id) {Cardano Sees Increased Developer Activity<\/strong><\/h2>\n
A Happy Hoskinson<\/strong><\/h2>\n
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