According to U.Today, Cardano, known for its innovative Extended Unspent Transaction Output (EUTXO) model, has once again demonstrated its technical strength in the cryptocurrency field. After implementing the Alonzo upgrade, Cardano introduced support for multi-asset and smart contracts. A recent milestone was that Cardano processed 8 transactions in one block, serving 1,600 recipients.
Notably, this achievement was cost-effective, with commissions for these transactions totaling just 5.16 ADA, equivalent to $2.38. This remarkable performance by Cardano was recognized by Charles Hoskinson, the innovative man behind it. Hoskinson shared a GIF with the caption “It ain’t much, but it’s honest work,” expressing his satisfaction with Cardano’s continued progress. By leveraging the EUTXO model, Cardano implements complex logic in transaction processing, ensuring efficiency and reliability. These achievements reflect the project’s mission to provide a sustainable and cost-effective blockchain platform. Cardano (ADA) continues to set industry standards, positioning itself as a key player in blockchain and decentralized finance.
