The latest development report from IOG (Input Output Global) shows that the Cardano ecosystem is growing strongly with significant advancements in technology and community participation.
The report highlighted key achievements across various aspects of Cardano's development, with the Site Reliability Engineering (SRE) team playing a key role in improving Cardano's network quality and updating Update the latest maintenance information.
These improvements include updating the Cardano node to enhance peer-to-peer (P2P) connectivity and working on a patch to increase network efficiency, which is expected to be implemented in the next Cardano node upgrade.
Statistics for Cardano Network
The report provides some important data about Cardano's recent network activity:
150 projects have been implemented, of which 1,304 are ongoing, showing a vibrant development landscape.
The 9.1 million native tokens created and the establishment of 81,447 token policies have demonstrated the diverse and customizable uses of Cardano's asset creation capabilities.
79.2 million transactions were processed, reflecting an increase in reliability and adoption.
Besides increasing network activity and expanding the ecosystem, Cardano developers are working on scaling solutions, improving node efficiency, and improving the overall backend infrastructure.
The recent completion of the Cardano proposals underscores Cardano's commitment to innovation and community-led project funding. As expected, the report was well received by the Cardano community as a reaffirmation of the network's dedication to fostering a thriving and collaborative blockchain ecosystem.
What is the future of Cardano?
Cardano's ADA has been attracting attention in the market along with other major altcoins.
Cardano (ADA) has achieved significant monthly gains, surpassing 25%. However, the upward momentum has not been sustained, with more than half of ADA holders facing unrealized losses. Only 35.71% of ADA holders are profitable as the ninth-largest cryptocurrency trades at around $0.39 – a figure well below other leading protocols.
Recently, its founder has been embroiled in a controversial war against the XRP community, as they accused Hoskinson of repeatedly intentionally disrespecting the XRP community in public appearances.
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