IOHK director says more than 500 projects are developing Cardano (ADA)

IOHK director says more than 500 projects are developing Cardano (ADA)
фото показано с : invezz.com

2022-3-15 13:26

The Cardano network launched smart contracts in September last year, and a few months later, the first decentralized application, SundaeSwap, was launched on the network. An IOHK executive has said that over 500 projects are currently building on Cardano.

Over 500 projects building on Cardano

The Cardano network implemented the Alonzo upgrade in September 2021 that brought smart contracts to Cardano (ADA/USD). Alonzo was one of the crucial developments in the Goguen era. Since the upgrade, the Cardano network has sought more upgrades, including the Orbis ZK Rollups.

The upgrades launching on Cardano have attracted a wide range of projects. According to the Marketing and Communications Director of IOHK, Tim Harrison, DeFi, NFT and other projects were building on Cardano to use the network’s smart contracts.

In a LinkedIn post, Harrison said,

The Cardano ecosystem continues to grow, with now over 500 projects building on Cardano – from NFT collections to DeFi lending and new wallets. Props to all the IOG team that continues to drive the platform forward. It has been a remarkable journey to get here. And kudos to the innovative, passionate community of builders that has brought this project so far. We’re really just getting started, you know.

Harrison’s tweet also had a pie chart that showed the projects expected to launch on the network. The chart showed that NFT collections accounted for the largest share.

Congestions on SundaeSwap

The launch of the first DApp on Cardano, SundaeSwap, excited the Cardano community. The DEX went live on Cardano towards the end of January, but users started complaining about the congestions being faced on the network.

After the launch of the SundaeSwap DEX, the Cardano network recorded a high level of transactions, and it almost reached full capacity. This raised questions from users over the ability of the network to support more projects.

Nevertheless, Cardano is expected to launch the Hydra upgrade that will boost the scalability of the network and promote high transaction processing. Nevertheless, this has raised scepticism over the ability of Cardano to match up to the rising networks that are focusing more on scalability.

The post IOHK director says more than 500 projects are developing Cardano (ADA) appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.7938 (-100%)

cardano launched iohk network 500 projects sundaeswap

cardano launched → Результатов: 107


Фото:

Cardano IDO LaunchPad “Coollaunch” Records Buzzing Progress as it Sells Out Over 11% Of $COOL Tokens Within Days

Coollaunch after 12 Days of seed sale is pleased to announce the sale progress of the Seed Sale which was kicked off on the 11th of January, 2022. The Sales which is bringing the desired COOL BUZZ has already Generated 11% of the $COOL tokens allotted for the Sale Round. Coollaunch when launched will host […]

2022-1-17 01:54


В основной сети Cardano запустили первую децентрализованную биржу

Команда MuesliSwap объявила о запуске первой DEX в мейннете Cardano. Платформа использует модель книги заявок централизованных бирж, что позволяет размещать лимитные ордера.   MuesliSwap is now live on Cardano mainnet! We are proud to announce that MuesliSwap has just launched as the first decentralized exchange (DEX) on Cardano.

2021-11-28 17:08


Фото:

IOTA Steps Into Ethereum and Cardano’s Territory With Launch Of Beta Smart Contracts

IOTA Foundation has launched, in beta testing, new feeless, easy to program, and scalable smart contracts for the IOTA blockchain. It is a breathtaking moment for the IOTA community because the blockchain had no support for smart contracts before, but also a potentially great alternative to Ethereum and Cardano smart contracts. The smart contracts can […]

2021-10-25 14:46


Фото:

Incredible Achievement For Cardano As First Plutus Smart Contract Successfully Runs On AlonzoBlue Testnet

Cardano developer IOHK has successfully launched the first smart contract on the Alonzo testnet — bringing the network closer to the functionality enjoyed by rival ethereum. First-Ever Smart Contract Executed On Alonzo  IOHK’s Marketing Director Tim Harrison, Head of Delivery Nigel Hemsley, and Delivery Lead Dimitris Poulopoulos revealed in a June 11 development update that […]

2021-6-12 21:00


Фото:

EMURGO Unveils “Oracle Core” Geared Toward Cardano’s Goguen Era

Cardano’s (ADA) official commercial arm EMURGO unveils “Oracle Core” to drive smart contract adoption. “Oracle Core” to Help Developers Build and Run Oracle Pools After having successfully launched the Shelley upgrade, the Cardano ecosystem is now gearing for the highly-anticipated Goguen era that will bring greater smart contract and decentralized applications (dApp) adoption within theRead MoreRead More.

2020-8-31 19:02