{"id":573192,"date":"2024-02-04T13:00:06","date_gmt":"2024-02-04T13:00:06","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573192"},"modified":"2024-02-04T06:46:14","modified_gmt":"2024-02-04T06:46:14","slug":"cardano-heats-up-transactions-break-past-4-million-as-ecosystem-thrives","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano-heats-up-transactions-break-past-4-million-as-ecosystem-thrives\/","title":{"rendered":"Cardano Heats Up: Transactions Break Past 4 Million As Ecosystem Thrives"},"content":{"rendered":"

Cardano, a blockchain platform known for its research-oriented strategy and eco-friendly Proof-of-Stake consensus, is experiencing substantial growth. Increased transaction volumes, a variety of project launches, and active development within its ecosystem underline this expansion.<\/p>\n

Related Reading: Avalanche To Unleash 9.5 Million Tokens, Traders Brace For Impact<\/a><\/div>\n

Cardano Transaction Boom<\/strong><\/h2>\n

December and January saw Cardano<\/a> process over 4 million transactions, showcasing a significant increase in on-chain activity<\/a>. This growth aligns with the platform’s ambition to become a scalable and sustainable blockchain for real-world applications.<\/p>\n

The blockchain platform isn’t just processing transactions; it’s attracting developers and projects. Eight new projects launched on Cardano in the past two months, and an additional 17 are currently under development. This brings the total to 157 already launched and 1,320 in progress, indicating a thriving and diverse ecosystem.<\/p>\n

\n

#Cardano<\/a> fam. It\u2019s the weekly update!!<\/p>\n

Check out the amazing thread from @IOHKMedia<\/a>.<\/p>\n

What jumped out to me: 4 MILLION transactions done on @Cardano<\/a> in the last 2 months \ud83d\udd25\ud83e\udd2f $ADA<\/a> https:\/\/t.co\/6S20nATGJS<\/a> pic.twitter.com\/TFOI8DNKrE<\/a><\/p>\n

\u2014 Chris O (@TheOCcryptobro) February 2, 2024<\/a><\/p><\/blockquote>\n

Technology On The Move<\/strong><\/h2>\n

Cardano’s technological advancements are fueling its growth.<\/a> The number of token policies on the platform surged, leading to the minting of 480,000 new native tokens. Additionally, Plutus scripts, enabling smart contracts on Cardano, saw substantial growth, with both V1 and V2 scripts experiencing significant increases.<\/p>\n

\"\"<\/p>\n

Project Catalyst, Cardano’s community-driven funding initiative, is fostering engagement and innovation. In its second week of voting for Fund11, nearly 5,000 wallets cast over 150,000 votes across 920 proposals seeking community funding. This active participation highlights the strong community backing for Cardano’s development.<\/p>\n

Cardano currently trading at $0.50 on the daily chart: TradingView.com<\/a><\/pre>\n
ADA Price On The Rise<\/strong><\/h3>\n
Reflecting the overall positive sentiment, Cardano’s native token, ADA, experienced a price increase of 1.3% in the last 24 hours and 7.4% in the past week.<\/p>\n
While the report paints a positive picture, it’s crucial to acknowledge the broader context. Cardano faces competition from established players like Ethereum and emerging blockchains. Regulatory uncertainty surrounding cryptocurrencies remains a factor, and while touted as energy-efficient, Cardano’s environmental impact compared to other blockchains is still under debate.<\/p>\n
Cardano’s Eco-Friendly Footprint<\/strong><\/h3>\n
Charles Hoskinson created Cardano as a peer-reviewed blockchain, but what sets it apart is the Ouroboros proof-of-stake system. Compared to Bitcoin, Cardano can perform transactions with a far smaller environmental impact thanks to its energy-efficient methodology.<\/p>\n
Related Reading: Dogecoin Orbit Expands: Over 890,000 New Addresses Join DOGE Community<\/a><\/div>\n
According to CExplorer, Cardano’s annual energy consumption is a meager 2.602 GWh. It is therefore around 214,672 times more energy-efficient than Bitcoin.<\/p>\n
Cardano’s PoS system is scalable, flexible, and adaptable, making it a viable option for investors who are worried about how their cryptocurrency holdings may affect the environment.<\/p>\n
Overall, Cardano’s recent growth momentum suggests a promising future for the platform. However, navigating the competitive landscape, evolving regulations, and sustainability concerns will be key to securing its long-term success.<\/p>\n
Featured image from VistaCreate, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano, a blockchain platform known for its research-oriented strategy and eco-friendly Proof-of-Stake consensus, is experiencing substantial growth. Increased transaction volumes, a variety of project launches, and active development within its ecosystem underline this expansion. Related Reading: Avalanche To Unleash 9.5 Million Tokens, Traders Brace For Impact Cardano Transaction Boom December and January saw Cardano process over 4 million transactions, showcasing a significant increase in on-chain activity. This growth aligns with the platform’s ambition to become a scalable and sustainable blockchain for real-world applications. The blockchain platform isn’t just processing transactions; it’s attracting developers and projects. Eight new projects launched on Cardano in the past two months, and an additional 17 are currently under development. This brings the total to 157 already launched and 1,320 in progress, indicating a thriving and diverse ecosystem. #Cardano fam. It\u2019s the weekly update!! Check out the amazing thread from @IOHKMedia. What jumped out to me: 4 MILLION transactions done on @Cardano in the last 2 months \ud83d\udd25\ud83e\udd2f $ADA https:\/\/t.co\/6S20nATGJS pic.twitter.com\/TFOI8DNKrE \u2014 Chris O (@TheOCcryptobro) February 2, 2024 Technology On The Move Cardano’s technological advancements are fueling its growth. The number of token policies on the platform surged, leading to the minting of 480,000 new native tokens. Additionally, Plutus scripts, enabling smart contracts on Cardano, saw substantial growth, with both V1 and V2 scripts experiencing significant increases. Project Catalyst, Cardano’s community-driven funding initiative, is fostering engagement and innovation. In its second week of voting for Fund11, nearly 5,000 wallets cast over 150,000 votes across 920 proposals seeking community funding. This active participation highlights the strong community backing for Cardano’s development. Cardano currently trading at $0.50 on the daily chart: TradingView.com ADA Price On The Rise Reflecting the overall positive sentiment, Cardano’s native token, ADA, experienced a price increase of 1.3% in the last 24 hours and 7.4% in the past week. While the report paints a positive picture, it’s crucial to acknowledge the broader context. Cardano faces competition from established players like Ethereum and emerging blockchains. Regulatory uncertainty surrounding cryptocurrencies remains a factor, and while touted as energy-efficient, Cardano’s environmental impact compared to other blockchains is still under debate. Cardano’s Eco-Friendly Footprint Charles Hoskinson created Cardano as a peer-reviewed blockchain, but what sets it apart is the Ouroboros proof-of-stake system. Compared to Bitcoin, Cardano can perform transactions with a far smaller environmental impact thanks to its energy-efficient methodology. Related Reading: Dogecoin Orbit Expands: Over 890,000 New Addresses Join DOGE Community According to CExplorer, Cardano’s annual energy consumption is a meager 2.602 GWh. It is therefore around 214,672 times more energy-efficient than Bitcoin. Cardano’s PoS system is scalable, flexible, and adaptable, making it a viable option for investors who are worried about how their cryptocurrency holdings may affect the environment. Overall, Cardano’s recent growth momentum suggests a promising future for the platform. However, navigating the competitive landscape, evolving regulations, and sustainability concerns will be key to securing its long-term success. Featured image from VistaCreate, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":573251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,84005,14643,12332,6664],"class_list":["post-573192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-ada-price","tag-adausd","tag-cardano","tag-crypto"],"acf":[],"yoast_head":"\nCardano Heats Up: Transactions Break Past 4 Million<\/title>\n<meta name=\"description\" content=\"Cardano, a blockchain platform known for its research-oriented strategy and eco-friendly Proof-of-Stake consensus, is experiencing substantial growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Heats Up: Transactions Break Past 4 Million As Ecosystem Thrives","url":"http:\/\/uniquehot.com\/news\/cardano-heats-up-transactions-break-past-4-million-as-ecosystem-thrives\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/cardano-heats-up-transactions-break-past-4-million-as-ecosystem-thrives\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/1_ae10ce.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/1_ae10ce.jpg?fit=608%2C351"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada price","adausd","cardano","crypto"],"dateCreated":"2024-02-04T13:00:06Z","datePublished":"2024-02-04T13:00:06Z","dateModified":"2024-02-04T13:00:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Heats Up: Transactions Break Past 4 Million As Ecosystem Thrives\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano-heats-up-transactions-break-past-4-million-as-ecosystem-thrives\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/cardano-heats-up-transactions-break-past-4-million-as-ecosystem-thrives\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/1_ae10ce.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/1_ae10ce.jpg?fit=608%2C351\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada price\",\"adausd\",\"cardano\",\"crypto\"],\"dateCreated\":\"2024-02-04T13:00:06Z\",\"datePublished\":\"2024-02-04T13:00:06Z\",\"dateModified\":\"2024-02-04T13:00:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/1_ae10ce.jpg?fit=608%2C351","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/573192"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=573192"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/573192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/573251"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=573192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=573192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=573192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}