Cardano has embraced a number of new updates, which have been accompanied by 73 million transactions in the past week.
As is customary for Input Output Global (IOG), the blockchain startup powering the Cardano blockchain, the network’s weekly performance highlights have been released.
Cardano Development Highlights
The Cardano team has increased its momentum in the past week to support a thriving blockchain ecosystem. According to the shared updates, the Cardano protocol processed 73,2 million transactions in the past week. The total number of token policies recorded was 78,063, while 137 initiatives were launched on the blockchain.
This week’s Cardano development update is live on #EssentialCardano!
Read the report to learn about the latest on core technology, wallets and services, smart contracts, scaling, governance, #ProjectCatalyst, and #Cardano education. https://t.co/OWsvuUy0JH pic.twitter.com/QznI0Obixr
— Input Output (@InputOutputHK) August 11, 2023Such impressive development milestones are not unusual for Cardano, which has continued to receive a substantial amount of developer support. The previously disclosed strategy by IOG is to involve the public in decision-making as the teams developing some of its most innovative products continue their efforts to bootstrap the network.
Cardano developers have reached an impressive milestone with several updates over the past week. The move by the core tech team to pre-release “node v.8.2.1-pre for use on SanchoNet,” a new development network created to introduce the Cardano community to governance features from CIP-1694 – and to build and test together in a controlled environment through rolling and regular releases, is one of the most notable developments.
Cardano operates distinctively, with specialized teams for each product. As reported, nearly every team, including those working on Mithril, Lace, and Voltaire, achieved significant milestones to complement the Week-on-Week (WoW) growth targets published over the past few months.
Cardano Introduces a New Era
Cardano’s finest development work has yet to materialize sufficiently for it to compete directly with Ethereum (ETH), Solano (SOL), XRP, and Avalanche (AVA).
The Cardano core developer has released at least one physical product to the public this year, the Lace Light Wallet, to demonstrate its capacity to serve all categories of users within its ecosystem as it moves toward complete decentralization.
