Cardano's weekly development report, released on 8 December 2023, showcases the platform's significant advancements.
IOG's update reveals a vibrant growth trajectory for Cardano, highlighting key developments and comprehensive statistics. The initial launch of Conway conformance testing marks a step forward in system reliability and performance.
Preparations for the Lace 1.8 release are underway, indicating continuous network evolution. Progress in decentralised applications (DApps) is evident with the Marlowe TS-SDK beta and a payouts DApp prototype.
These steps demonstrate Cardano's dedication to enhancing smart contract frameworks and blockchain utility.
Insights from the monthly Hydra review, a layer two scaling solution, reflect Cardano's commitment to scalability and transaction efficiency.
The active Intersect committees contribute to a secure, collaborative ecosystem, aligning with Cardano's decentralised vision. The community is invited to review projects in the Catalyst phase, fostering engagement and feedback.
Looking forward, a Haskell course in 2024 aims to build a skilled community around Cardano’s programming language. IOG has launched 152 projects, with 1,307 more in progress, indicating a thriving ecosystem.
Image: Essential Cardano
The platform has clocked 79.7 million transactions, highlighting growing adoption and network utilization.
Token-wise, 9.1 million native tokens circulate under 81,621 policies. Plutus scripts have seen 6,260 deployments for version 1 and 4,981 for version 2, signifying strides in smart contract capabilities.
These developments collectively paint a picture of Cardano's dynamic growth and potential in the blockchain sphere.
ADA faces challenges as whales exhibit apathy towards its recovery, coupled with its removal from a major fund, signaling potential further struggles ahead.
BerniceCardano (ADA) stabilizes amidst whales' accumulation, with recent market dynamics indicating potential for an upward price movement. Whales capitalized on the market dip, bolstering ADA holdings, while a decline in short-term traders suggests reduced price volatility. Technical indicators hint at a bullish sentiment, with ADA's price positioning above EMA lines. However, the sustainability of this trend remains uncertain, with potential resistance at $0.82 and support at $0.56. Investors should monitor market dynamics closely for further insights.
BerniceWhile Cardano faces challenges in the current market, Trend Rider's analysis suggests potential for a bullish surge, contingent upon maintaining crucial support levels.
Cheng YuanCardano welcomes its first fiat-backed stablecoin, USDM, marking a significant milestone in its ecosystem's evolution. The introduction of USDM aims to enhance security, scalability, and user confidence, potentially driving further growth and adoption.
BerniceCardano blockchain's surge in user engagement, reflected in active wallets and DeFi growth, showcases promising developments. However, ADA's struggle to keep pace with the overall market raises concerns. Integration plans with FireFly API offer potential, yet ADA's performance remains modest compared to leading altcoins.
SanyaCardano's active wallet addresses surge alongside a booming DeFi sector, reflecting growing user engagement. Leading protocols witness significant growth, contributing to Cardano's price surge amid broader cryptocurrency market rallies.
SanyaEthereum's bullish momentum signals a potential surge towards $5,000, while Solana targets $150 after breaking resistance. Cardano's retracement prompts discussions on resurgence potential, with key barriers at $0.80 and $1.00. Despite challenges, market interest remains, suggesting recovery opportunities.
SanyaBitcoin hits $50k, bringing profits for investors, while Cardano whales explore Rebel Satoshi for new opportunities, presenting a promising investment frontier with its innovative features and strong community support.
MiyukiWhile recovery might be close, there is still long way to go
ZoeyCryptocurrencies like Retik Finance, Shiba Inu, Bonk, and Cardano offer accessible paths to supplement or replace monthly salaries through affordable entry points and staking rewards. While enticing, success requires caution, strategic investment, and recognition of individual project risks in this dynamic yet promising asset class.
JoyArthur Hayes criticized Cardano's dApps for lack of utility, engaging in a heated exchange with co-founder Charles Hoskinson, while questioning ADA's value and suggesting Ethereum as a better option.
AlexBinance is once again making progress by introducing special listings for cryptocurrencies like Dogecoin, Cardano, and Chainlink.
ZoeyThe OP_Return Wars of 2014 reveal a clash of cultures within the Bitcoin community, influencing Dapp development. While Ethereum offered technical advantages, it was the Bitcoin community's resistance to alternative use cases that accelerated the migration to alternative platforms.
Cheng Yuan
JinseFinanceThe Dapp space keeps going strong, with 1.92 million dUAW connected in the last seven days.
FinboldVasil delivers an updated version of Cardano’s smart contract scripting language: Plutus v2.
CoindeskTrust Wallet, one of the most notable decentralized wallets, has added support for Solana decentralized apps (dApps).
OthersCardano has been on the rise recently to the surprise of many in the space. Not only has the value ...
BitcoinistImplementation of liquid staking addresses worrisome price fluctuations and helps users to generate higher rewards by combining staking payouts and DApp yield.
CointelegraphCoinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other Dapps on Ethereum through the Coinbase app.
Cointelegraph