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Cardano Ecosystem

TheCoinRepublic

07/13/2022

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Cardano Smart Contract is on the path to touching 3k

Cardano is achieving remarkable landmarks after using Plutus contracts. Cardano recorded a hype in last few months Cardano was launched in 2017, It is a Public crypto platform offering a wide variety of services in the crypto sector, but the development...

Cardano Smart Contract is on the path to touching 3k

cardano

  • Cardano is achieving remarkable landmarks after using Plutus contracts. 
  • Cardano recorded a hype in last few months 

Cardano was launched in 2017, It is a Public crypto platform offering a wide variety of services in the crypto sector, but the development and programming of the platform began in 2015. 

Cardano was developed by Charles Hoskinson, who was earlier a member of the founding team of Ethereum and served as a co-founder. 

But due to some Disagreement with Vatalik buterin(other Co-founder), Charles Hoskinson left the company immediately.  

After this disagreement, Charles Hoskinson structured a company whose primary motive was to develop a program to help build Cardano. 

Cardano Network was upgraded and was relaunched within the higher version in the market in September 2021. The upgraded version of Cardano is facilitated with the feature of the Plutus smart contract. It used the Plutus smart contract that helped them reach remarkable landmarks of 29 hundred and only 100 more remaining to reach 30 hundred.   

Charles Hoskinson, developer and heading personality of Cardano, responded to allegations about the pre-planned execution of Vasil’s hard fork( When Newest version of Blockchain stops expecting Old version of Blockchain) 

ALSO READ – Bitcoin Network Finally Crossed 1B

Cardano founder Hoskinson mentioned in his tweet on 7th July 2022 that the upgraded version of the ADA and smart contract is compatible and safe for use, and there is no rewriting.

The entire reason we built the HFC and Plutus versioning is to ensure this doesn't happen. It's incredible to see the FUD and stupidity from Twitter trolls, but that's life. After the HFC event, all contracts will still function. https://t.co/S0k3BHVu19

— Charles Hoskinson (@IOHK_Charles) July 6, 2022

Conclusion 

Cardano and many other similar firms in the crypto industry are going through bad times due to crypto winters in the market. Mostly all cryptocurrencies, including Bitcoin, Ethereum, and many others, have been facing a downtrend in the market for the last few months. This market downtrend is putting many companies at their closing position, and others have met bankruptcy due to lack of funds and high debts.        

Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

Steve Anderrson

Latest posts by Steve Anderrson (see all)

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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