As a researcher who has been closely following the crypto landscape for several years now, I must admit that the recent developments with Cardano have left me nothing short of amazed. Having observed the evolution of numerous blockchain projects, it’s rare to see one that not only survives but truly thrives, especially in its seventh year of operation.
There’s some thrilling news circulating within the crypto world as the Cardano network gets closer to a significant achievement – processing its 100 millionth transaction.
As per a recent tweet from Input Output Global, the creator of Cardano, Cardano is nearing 100 million transactions as it celebrates seven years of continuous operation. The tweet emphasized that Cardano isn’t merely surviving but flourishing, boasting millions of native tokens and almost 2,000 projects supported through its Catalyst funding program.
In its seventh consecutive year of operation, Cardano is rapidly approaching 100 million transactions. With millions of native tokens, nearly 2,000 projects funded through Catalyst, and even classic gaming options, Cardano is a flourishing blockchain that actively involves the community, as stated in a tweet by IOG.
In its seventh consecutive year of operation, Cardano is rapidly approaching 100 million completed transactions. Boasting millions of native tokens, nearly 2,000 projects funded through Catalyst, and ventures into classic gaming, Cardano stands as a vibrant and community-focused blockchain platform.🎉
— Input Output (@InputOutputHK) September 30, 2024
Over the past seven years, the Cardano network has seen remarkable expansion, as evidenced by its latest milestones. As per the latest report from IOG, the number of transactions on the Cardano blockchain exceeded 96.94 million, including over 10.40 million native tokens, 1.335 million delegated wallets, and 88,340 Plutus scripts.
Over the past seven years, Cardano’s path has been characterized by substantial enhancements and shifts across multiple stages or phases.
In simple terms, on September 1, 2024, a significant update, named Chang, took place, which introduced the initial features of decentralized governance based on CIP-1694. This update allows for changes in parameters and the initiation of hard forks, signifying the first hard fork during the Conway era. This key upgrade propelled Cardano into its next phase, Voltaire.
Cardano founder to review what’s next after Voltaire
Recently, Charles Hoskinson, the creator of Cardano, announced his plan to attend two significant gatherings. One of these events is the Cardano Summit taking place in Buenos Aires, Argentina.
During these significant gatherings, Hoskinson will discuss the upcoming journey of Cardano, a live broadcast will be available for this presentation. Furthermore, he will delve into the subsequent plan following Voltaire, and address aspects such as marketing, branding, and expansion strategies.
In simpler terms, Voltaire represents the last phase of the Cardano plan. Its primary focus is on establishing a decentralized management structure. This stage completes the necessary components so that the Cardano network can function independently and sustain itself.
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2024-09-30 16:01