Cardano has become one of the fastest growing blockchain networks in the last year.
Cardano, the scientific blockchain founded by former Ethereum developer Charles Hoskinson, has reached 5.000 smart contractsThis blockchain network has become one of the most acclaimed by blockchain developers, as its ecosystem becomes more interesting, secure and efficient.
Data from Cardano Blockchain Insights platform shows the interest that Cardano has sparked among blockchain developers. According to the platform, the number of smart contracts that exist on this blockchain is 5.023, at the time of writing this article.
According to the same data, the number of smart contracts on the Cardano blockchain has grown by 6,4% in the last month and by 60% since October, following the implementation of Vasil in September.
Source: Cardano Blockchain Insights
The arrival of this important update brought with it new use and application cases for the Cardano blockchain ecosystem. Vasil incorporated smart contract functionality and opened up the possibility of creating new decentralized applications that interact with the blockchain to develop and grow the network's DeFi ecosystem.
Thousands of smart contracts and projects are being developed on Cardano
Plutus Scripts is Cardano's native smart contract platform used for the execution of smart contracts on the network.
This platform offers developers several advantages, including security, by making it easier to implement and execute correct contracts, and by allowing developers to incorporate their own tokens or assets, whether fungible or non-fungible, without the need to create an additional smart contract.
According to data According to GitHub, Cardano is the second blockchain with the most development activity in the last 10 weeks, after Polkadot and its experimental Kusama network.
In her weekly status report, the Cardano development team highlighted their efforts to continue driving the network's growth and success. The team is working on developing the Plutus debugger, increasing script capacity, incorporating source code documentation, and creating indexers for the sidechain project.
In the middle of last month, Cardano announced the launch of its first toolkit to build sidechains within its ecosystem, in order to build specific applications and use cases, while boosting its scalability and ensuring its decentralization without compromising security.
On the other hand, this same week the number of projects being developed on the Cardano blockchain also reached a new all-time high, recording a total of 1.200 projects built in this chain.
The number of projects launched on Cardano is currently 116, while the number of transactions made has reached 60,4 million since the network was launched.
Continue reading: Algorand and Cardano are already interconnected
