As a seasoned analyst with over two decades of experience in the cryptocurrency market, I must admit that the achievements of Cardano (ADA) in November 2024 are nothing short of impressive. Having witnessed the evolution of countless projects over the years, it’s refreshing to see a network not only survive but thrive amidst the volatile and often unpredictable crypto landscape.
Cardano (ADA) has achieved a significant milestone by topping 100 million transactions. This achievement highlights the network’s expansion and increasing adoption.
In November, Cardano saw significant growth with ADA’s price skyrocketing by an impressive 216%. Moreover, the Cardano network noticed a substantial boost in transaction activity. As reported by Cardano developer Input Output Global (IOG), the total transactions for Cardano jumped by approximately 2.65 million during the month, reaching a grand total of 100.57 million.
Explore the progress of the Cardano ecosystem throughout November, highlighted by its key monthly advancements across the community.
Uncover the development of the #Cardano ecosystem during November, focusing on its significant monthly milestones.
* Data presented is derived from…
— Input Output (@InputOutputHK) December 5, 2024
By November 29, 2024, Input Output Global (IOG) revealed that a total of 1,979 projects were built on the Cardano platform, with 603 being newly added. The count of token policies rose by 10,132, and the number of native tokens issued saw an increase of 80,000. Additionally, there were 9,102 new Plutus scripts, bringing the total to 100,800. Voting for Fund13 within Project Catalyst commenced on November 28.
Cardano network releases and updates
In November, an updated version of Node, specifically v10.1.2, was launched, following the previous release of v10.1.1. This new version can navigate the Chang #2 hard fork. Recently, a minor update, version 10.1.3, has been announced to tackle Issue #4772. Additionally, Plan 529 was unveiled, named after Epoch 529 starting on December 20, 2024, at 9:44 p.m. UTC. This epoch is predicted to be the date for initiating the mainnet hard fork governance action.
In January 2025, the Epoch 529 plan offers a chance for SPOs (Stake Pool Operators) and ICC (Initial Chain Coordinators) to jointly decide on approving the hard fork. This decision can be made anytime within the specified period between January 4th and 29th, 2025, at any Epoch boundary during this timeframe.
In terms of smart contract development, the Plutus team has finished working on serializing objects with Agda proofs, moving them one step closer to providing a valuable tool for certified compilation. At present, they are developing a CIP (Cardano Improvement Proposal) to incorporate modules into Untyped Plutus Core.
possible paraphrasing:
Recently, the Cardano Constitution has been given approval, marking a substantial advancement for Cardano and the broader cryptocurrency sector. However, it’s now up to the Cardano community to decide whether or not to endorse this constitution, with the submission scheduled for on-chain in January 2025.
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2024-12-06 15:23