Cardano Smart Contracts Surge by Nearly 10,000; Charles Hoskinson Acknowledges Achievement

  • The number of Cardano smart contracts increased by nearly 10,000 by 2024.
  • Charles Hoskinson, co-founder of Cardano, acknowledged the increase and emphasized its importance.
  • As of January 26, 2024, Cardano had 24,050 V1 and V2 Plutus smart contracts, marking a 67%.

An X user by the name of Darren tweeted that the number of Cardano smart contracts increased by nearly 10,000 in 2024. This particular remark attracted the immediate attention of Charles Hoskinson. Hoskinson, a co-founder of Cardano, expressed a modest acknowledgment in response to the remark.

He added, “So my prediction ended up true, but a little late.” Hoskinson’s reply emphasizes the profound importance that this accomplishment holds for the Cardano ecosystem.

As of January 22, 2024, the Cardano blockchain had amassed an impressive 24,050 V1 and V2 Plutus smart contracts in total. The data shows that the number has increased by an impressive 9,671, or 67%, since January 1, 2024, when it was recorded at 14,379.

Alongside the notable upswing in smart contracts, Cardano has experienced a considerable expansion in the volume of its transactions. According to the wallet tracking platform Taptools, Cardano reportedly recorded more than $34.33 billion in transactions with values greater than $100,000 in the previous week.

Cardano’s expansion is not restricted to transactions and smart contracts. As of the week ending January 19, information from Cardano developer Input Output Global (IOG) indicated that 157 projects had been launched on the platform and an impressive 1,319 projects were actively under development. This exemplifies the flourishing ecosystem of Cardano-based initiatives and developers.

Cardano’s co-founder commends these accomplishments and advancements; nevertheless, it is critical to acknowledge that the valuation of ADA, Cardano’s native token, continues to be linked to the overall market conditions. At press time, the value of ADA is $0.47. CoinGecko data indicates that ADA has decreased by 5% over the past week and by 21.1% over the past thirty days.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Comments

Post a Comment

Popular posts from this blog

Manta Network battles DDoS attack after TGE as new Telegram bot steals the show

Manta Network battles DDoS post-MANTA launch; 135M RPC requests flood, causing delays. Bitbot revolutionizes retail trading on Telegram with non-custodial, AI-backed solutions. BITBOT token presale unfolds across 15 stages, offering investors a structured opportunity. In a whirlwind of recent events, Manta Network faced a DDoS attack right after the successful launch of its MANTA token, causing a stir in the crypto community. Meanwhile, Bitbot, a Telegram trading bot, is making waves by empowering retail investors. Jin us as we delve into the challenges Manta Network is facing and explore Bitbot’s mission to put institutional-grade tools in the hands of individual investors. Manta Network DDoS attack Manta Network, a modular blockchain protocol renowned for its focus on zero-knowledge (ZK) application development, encountered a significant setback shortly after the launch of its governance token, $MANTA. The network experienced a Distributed Denial o...
Read more

DOGE price prediction as expert forecasts target above $0.10

Image
With the previous week bringing gains for the cryptocurrency market, some digital assets displayed promising signals that might indicate their future movement. Dogecoin (DOGE) is one of those. The TD Sequential has recently generated a buy signal on the 3-day chart for Dogecoin. The probability of a resurgence to $0.100 or beyond appears favorable, contingent upon the sustained stability of the $0.074 support cluster, per a post on X by crypto analyst Ali Martinez on January 14. TD sequential for Dogecoin on a 3-day price chart. Source: Ali Martinez The TD sequential is a robust tool crafted to pinpoint the precise moment of trend fatigue and subsequent price reversal. As a counter-trend instrument, it addresses the limitations observed in various technical Analysis indicators that prove profitable in trending markets but exhibit suboptimal performance in sideways or ranging markets. Another technical indicator is not so optimistic Many technical indicators should be employed t...
Read more

IRS, Treasury temporarily waive business crypto reporting requirements

IRS and Treasury say businesses do not have to report cryptocurrency receipts until new regulations are issued. In a press release on Jan. 16, the Internal Revenue Service (IRS) said in a joint statement with the U.S. Treasury Department that American business es do not have to report their receipts in crypto currencies the same way they do with cash. However, the regulators noted the exception will only last “until Treasury and IRS issue regulations.” “Treasury and the IRS intend to issue proposed regulations to provide additional information and procedures for reporting the receipt of digital assets, giving the public an opportunity to comment both in writing and, if requested, at a public hearing.” The IRS The announcement does not impact the rules in place before the Infrastructure Investment and Jobs Act for reporting cash received in the course of a trade or business, the IRS said, adding that cash transactions over $10,000 received in a trade or bu...
Read more