Cardano Welcomes New Updates as Transaction Count Tops 73M

As is customary of Input Output Global (IOG), the blockchain startup behind the Cardano blockchain, the weekly performance highlight of the network has just been published.

Cardano Growth Highlights

Over the course of the past week, the Cardano team has built on its momentum to support a very vibrant blockchain ecosystem. Per the updates shared, the Cardano protocol recorded a total of 73.2 million transactions within the week. The total token policies recorded came in at 78,063 while overall, as many as 137 projects 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, 2023

Such impressive growth milestones are not uncommon with Cardano as it has continued to enjoy massive developer support. The earlier unveiled approach by IOG to integrate the members of the public in decision making as the teams developing some of its most innovative products journey on in their efforts to bootstrap the network.

Over the course of the past week, Cardano developers have recorded an impressive milestone with a series of updates released across the board.

One of the top highlights is the move from the core tech team to pre-release “node v.8.2.1-pre for use on SanchoNet, which is 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 a rolling series of regular releases.”

Cardano works in a unique way with different teams dedicated to different products. As reported, almost every team including those working on Mithril, Lace, and Voltaire recorded impressive milestones to complement targeted growths being printed Week-on-Week (WoW) for the past few months.

Cardano is Charting a New Era

The best of the developmental work on Cardano is yet to materialize enough for it to take the competition directly to its competitors including Ethereum (ETH), Solana (SOL), XRP and Avalanche (AVAX). 

Thus far this year, the Cardano core developer has released at least one physical product, the Lace Light Wallet to the public in a bid to show it has the capabilities to cater to all categories of users within its ecosystem as it journeys toward full decentralization.