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top-crypto-news Cardano

IOHK reveals that Cardano already has more than 1,000 projects in development on its Blockchain

June 11, 2022
Reading Time: 3 mins read
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What is Cardano?

Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.

The announcement of IOHK comes amidst growing interest in the network a network refers to all nodes in the operation of a blockchain at any given moment in time. and expectations for the arrival of the Vasil, the next major update for the Cardano.

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***

  • More than 1,000 projects are already under development on the network of Cardano.
  • Most of them operate within the NFT.
  • Expectations for the update are high Vasil.

IOHK, the entity responsible for supporting the project Cardano, reported today that the network already has more than 1,000 projects under development on its Blockchain.

Cardano more than 1000 projects under development on its network

This was revealed by the team of IOHK in a message published through his official account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Twitter, where he shared the announcement with his fan base commenting:

“1,003! This is the number of projects that are currently being developed on Cardano”.

1003! ????

That’s how many projects are currently #BuildingOnCardano ????

Join us at @Consensus2022 or at the free #CardanoAtConsensus meetup in Austin on 6/08 & connect with some of the people behind some of #Cardano ’s exciting projects!

Register here: https://t.co/Jw4PE2ZI2a pic.twitter.com/5nzigL8alD

— Input Output (@InputOutputHK) June 6, 2022

According to information published in several reports, the projects currently under development on the network of Cardano are mostly associated with the production and trade of NFT’s. There are also initiatives in the field of stablecoins, wallets, oracles, DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. protocols, metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. platforms, social networks, decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchanges and many others.

Expectations for the arrival of Vasil

The announcement of the IOHK comes to place at a time when there are many expectations about the arrival of the new update for the network of Cardano, better known as Vasil, which will bring with it operational improvements in terms of scalability.

In relation to the arrival of Vasil, the team of IOHK recientemente informó que ya está disponible una nueva versión del nodo, la cual cuenta con una primera aproximación a la interfaz de línea de comandos.

????Today we’re delighted to report we’ve successfully delivered a new Node the most basic unit of blockchain infrastructure that stores data. release for #Vasil with the first release of our new CLI, inc. new #Plutus capabilities. Alongside we continue to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the remaining issues we’ve caught in our extensive ongoing testing program.
6/n ????

— Input Output (@InputOutputHK) June 7, 2022

In this regard, the CEO of IOHK and principal developer of Cardano, Charles Hoskinon, has reiterated on several occasions his enthusiasm for the arrival of Vasil, which would be contemplated for before August if everything goes according to plan. The executive said that the team’s interest is focused on delivering a quality product thinking about the coming years, so they do not see this as a race in which they must work in a hurry to win a competition against other projects in the sector.

After what happened with Terra, Hoskinson commented:

“If you move too fast, as we’ve seen with Luna and the USD $10.5 billion stolen in hacks last year… you could actually make it work until it stops working, and then when it doesn’t, it’s a catastrophic failure and everyone ends up losing their money.”


  • “Developing in haste only increases the risk of making mistakes,” says Charles Hoskinson in the wake of what happened to Terra
  • “Experience of using DEX (decentralized exchange)A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary. on Cardano is 100 times better than on Ethereum,” says former Google product head
  • Cardano price rises by more than 25% ahead of expected Vasil hard fork

Source: Twitter, CryptoGlobe

Version by Angel Di Matteo / DiarioBitcoin

Imagen de Unsplash

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