Cardano (ADA) has reached a major milestone by recording a staggering 90 million transactions on its network. This achievement comes at a crucial time for Cardano as it prepares to roll out revolutionary updates.
Cardano (ADA) has reached a major milestone by recording a staggering 90 million transactions on its network. This achievement comes at a crucial time for Cardano as it prepares to roll out revolutionary updates.
Cardano, often hailed for its robust, research-driven approach to blockchain development, has been steadily gaining traction within the cryptocurrency community since its inception.
The achievement of 90 million transactions serves as a testament to the growing adoption and utility of Cardano, highlighting its ability to support a wide range of use cases and transaction types.
As Cardano continues to expand its reach and capabilities, the timing of this milestone is particularly significant as it coincides with the imminent release of network upgrades that promise to unlock new levels of innovation and functionality.
One of the most anticipated updates is Ouroboros Genesis, which will roll out as part of the Chang update, which is expected to take place this summer. This allows nodes to self-boot from the Cardano network.
According Input Output Global (IOG)The next and final milestone on the path to full P2P node operations is expected to come with the launch of Ouroboros Genesis.
Other upgrades, including that of Plutus, the smart contract platform on the Cardano blockchain, could also be on the horizon.
Rick McCracken DIGIa Caradano SPO, outlined some Cardano Plutus V3 capabilities coming in 2024, including increased performance and throughput, efficient smart contract sizing, smart contract migration from Ethereum, sidechain bridging, and Mithril integration and execution of governance related scripts.
With these network upgrades on the horizon, Cardano is poised to enter a new era of innovation and growth, driving greater adoption and value creation for its ecosystem and community.
