Advertisement
AD

Main navigation

Cardano (ADA) Reports Major Update on Hydra, Here's Potential Impact on Price

Advertisement
Mon, 27/02/2023 - 8:15
Cardano (ADA) Reports Major Update on Hydra, Here's Potential Impact on Price
Cover image via unsplash.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The Cardano (ADA) protocol has released its latest update for the past week, in which it recorded yet another milestone in its on-chain activities. According to the update, a total of 117 projects have been launched on Cardano to date, with a total of 1,205 currently building on the protocol at the moment.

Advertisement

On Cardano, the total number of Plutus Scripts recorded came in at 5,857, and of this number, 762 were Plutus V2 Scripts. The growth of the Cardano blockchain was also showcased in the total number of token policies issued, which came in at 70,039. A total transaction count of 61.8 million was recorded, pitching the network as one of the most versatile in today's blockchain ecosystem.

Cardano started the year on a stellar note thanks in part to the active developmental work being done by the developers. In the weekly update, a major update on the Hydra Protocol was also shared that featured the completion of work on a different way of dealing with contests during the contestation period.

Related
Here's Who's Making Money on Cardano (ADA) Right Now: IntoTheBlock

According to the terms of the update, the new way discovered will always push the deadline out, making contestation periods easier to pick depending on the network a head runs on.

Gearing up for new run

Cardano has thus far prided itself in its ability to create new momentum for itself irrespective of the trend on the market. The developers will be counting on how well they started this month as a way to fire up and hit even more impressive milestones this week.

Cardano is changing hands at a price of $0.3637, up by a meager 0.78% in the past 24 hours. The digital currency is down by more than 10% over the past week as the market experienced a rout over the weekend. When the Hydra scaling feature is finally launched, it will position Cardano as arguably the most scalable network, with a positive effect on ADA in the long term.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles