Cardano, the largest proof-of-stake network in the blockchain sector, has recorded an increase in the number of smart contracts written in Plutus. Plutus is the native programming language for the Cardano network.
The number of smart contracts written in Plutus has increased by more than 200% from around 300 reported in November. The number of Plutus-based smart contracts on Cardano is almost at 1000.
Plutus-based smart contracts gaining popularity
The increase in Plutus-based smart contracts on ADA shows that the language is gaining popularity among developers. The growth also shows that the efforts of Cardano to grow the popularity of Plutus are paying off.
The IOHK foundation, the company behind ADA, launched Plutus courses to enable developers to understand the programming language. The courses attracted attention from thousands of developers, and according to the IOHK, the courses could be behind the “scores of projects” under the Cardano blockchain.
The Cardano network has been recording increased interest as the level of activity on the network rises with the recent launch of smart contracts. Smart contracts were launched in ADA in September with the Alonzo upgrade.
Several projects are already under development on Cardano. As a proof-of-stake network, it holds some advantages over Bitcoin and Ethereum that operate through a proof-of-work consensus.
Currently, the leading project on ADA is SundaeSwap. This DEX was launched through a testnet. The project is collecting feedback from users on the testnet, and it is using the feedback to fix bugs and make changes.
ADA token fails to react
While the ADA network has reported notable growth, the ADA token has failed to register substantial gains. Over the past month, the ADA token has dipped by over 41%, moving from highs of around $2.27 to lows of $1.25.
At the time of writing, ADA was trading at $1.33 after making a 3% dip during the past 24 hours. The dips could be attributed to a recession happening across the broader market. Bitcoin and Ethereum have dipped to around $48K and $4100, respectively. Moreover, the market has been experiencing a widespread sell-off, with most cryptocurrencies erasing the gains made in November.
Your capital is at risk.
Read more:
215960 860614I want searching at and I believe this website got some actually helpful stuff on it! . 197877
Hey there! I’ve been following your website for a while now and finally got the bravery to go ahead and give you a shout out from Kingwood Texas!
Just wanted to mention keep up the good job!
Because the admin of this site is working, no question very soon it will be
well-known, due to its quality contents.
I have read so many articles or reviews about the blogger lovers but this article is genuinely a nice
paragraph, keep it up.
I am sure this article has touched all the internet users, its
really really pleasant paragraph on building up new weblog.
Hi there, You’ve done an incredible job. I’ll definitely digg it and personally suggest to my friends.
I’m confident they will be benefited from this site.
What’s up, I wish for to subscribe for this web site to get latest
updates, so where can i do it please help out.
Incredible story there. What occurred after? Good luck!
Very good post. I am dealing with many of these issues as well..
You have made some decent points there. I looked on the
net for more information about the issue and found most people will go
along with your views on this web site.
Hi! I realize this is kind of off-topic but I needed to ask.
Does building a well-established blog such as yours require a
large amount of work? I’m brand new to operating a blog but I do write in my diary on a daily basis.
I’d like to start a blog so I can share my experience and views
online. Please let me know if you have any suggestions or tips for new aspiring bloggers.
Thankyou!
I was curious if you ever considered changing the page layout of your
site? Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so people could connect with it better.
Youve got an awful lot of text for only having 1 or 2 images.
Maybe you could space it out better?
You really make it seem so easy with your presentation but I find this matter
to be really something which I think I would
never understand. It seems too complicated and very broad for
me. I am looking forward for your next post, I will try to get the hang of it!
Hello friends, its wonderful piece of writing regarding educationand entirely explained, keep it
up all the time.
It’s remarkable to visit this web site and reading the
views of all friends on the topic of this post, while I am
also zealous of getting knowledge.
Appreciate this post. Will try it out.
Hello my family member! I wish to say that this article
is amazing, great written and include approximately all
significant infos. I would like to peer extra posts like this .
Hmm it seems like your site ate my first comment (it was super long) so
I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog blogger but I’m still new to everything.
Do you have any suggestions for inexperienced blog
writers? I’d certainly appreciate it.
Hi there, I enjoy reading all of your article. I like to write a little comment
to support you.
I read this piece of writing completely concerning the comparison of newest and preceding technologies, it’s amazing article.
Wonderful work! This is the type of info that should be shared across the
web. Disgrace on Google for now not positioning this post upper!
Come on over and consult with my site . Thank you =)
I want to to thank you for this very good read!! I certainly enjoyed every little bit of
it. I’ve got you book marked to check out new stuff you post…
110533 629481Hello! I just wish to give a huge thumbs up for the excellent information youve gotten proper here on this post. I will likely be coming back to your weblog for more soon. 647118