As of early 2023, Cardano (ADA) has seen significant growth. This may be due to the continued development and progress of the network, as well as expectations for upcoming launches that are expected to enhance the capabilities of the smart contract platform and position it as an “Ethereum killer.”
One of the biggest challenges facing projects in the blockchain industry is the lack of skilled developers. However, the Cardano (ADA) network stands out for boasting a highly qualified and experienced team. project contributes to the stability of altcoins.
According to data from Proof GitHubCardano (ADA) stands out as the most developed network in the cryptocurrency market, surpassing competitors such as Polkadot (DOT) and Cosmos (ATOM). As a result, the altcoin boasts a robust ecosystem, with over 4,800 smarthi contracts on the network and over 1,000 projects currently being developed on the blockchain.
Additionally, Cardano is actively working on integrating contract scripts written in . python for its smart contract platform. This innovative development is currently underway and was announced via a network transaction on January 10th.
Updates could improve Cardano usability
In addition, CIP-30 will allow ADA hot wallets to acquire new features and expand their functionality to attract potential users. This is a key aspect in ensuring Cardano’s continued growth and meeting market needs, helping it stand out among other competing cryptocurrencies such as Ethereum and Layer 2 projects. .
Cardano creator Charles Hoskinson has repeatedly emphasized the importance of community and partner collaboration in driving ADA adoption. The integration of this new feature is expected to play a key role in achieving this goal. As a result, Cardano could become more user-friendly, potentially boosting its market valuation, increasing investor confidence in the cryptocurrency, and further decentralizing the ADA ecosystem.
It is worth noting that the integration of Cardano hot wallets and decentralized applications (dApps) has been implemented since 2021 and the SpaceBudz marketplace for non-fungible tokens (NFTs) has been launched. As a result, any application on the smart contract platform can connect to ADA wallets through dApp connectors.