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Cardano

Cardano (ADA) Named Top Crypto Project Considering ‘Technology Development’

Kent Tenix
by Kent Tenix
3 years ago
·
Posted in Cardano
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Every top crypto project may have spent millions on developments and upgrades to scale up their business or to achieve efficiency. But, Cardano (ADA) appears as a leading project by ‘Technology Development.’ 

As per the data viewed by Contora, a blockchain information gathering company tracking the development and growth of crypto projects, Cardano blockchain has recorded intensive development activity and stands at the top with over 350 commits in the previous month. Notably, crypto projects like Ethereum and Solana managed to remain at the top with over 270 commits.

Related Reading: LUNA Founder Do Kwon Wanted By Korea, Soon Interpol

Blockchain research company revealed in a blog post that the team reached this decision after it modified its data-tracking algorithm and double-checked the GitHub repositories of all contributors. GitHub is an internet hosting service for software development connecting developers around the globe to build one project. 

The author added;

We’ve double-checked GitHub repositories we track for all crypto projects in our database, made several fixes to update our developers data, streamlined all the repositories, and… We got a new picture of which crypto projects are leading the market in terms of technology development!

Notably, Solana appeared at the top in April’s data but has now plummeted to the ninth rank after the adjustments.

ADAUSD
ADA’s price is currently trading at $0.48. | Source: ADAUSD price chart from TradingView.com

Cardano Preparing Itself For Mainnet Vasil Upgrade

Contora revealed that its decision to modify the data tracking algorithms came after the Cardano developers team reached out to the company regarding their Top Crypto Project By Technology research. The author mentioned that Contora was tracking the GitHub repositories only from the Cardano Foundation profile at GitHub. A crypto project developer suggested another profile to track, which turned the whole picture.

Nothing to see here, folks #Cardano pic.twitter.com/airFmIZS3G

— Dean (@DeansEpoch) September 12, 2022

Since it dropped the smart-contract upgrade, Cardano has become the most active project regarding developments in 2022. Currently, it is working on multiple solutions and updates.

Recently, the project upgraded its stake pool operators. This update on the Cardano node 1.35 prepares the most recent node version for the most awaited mainnet Vasil hardfork launch. Building the new node network will drive the soft and stable impact on updates of the Vasil release.

Although the crypto project is rolling out a number of developments at the time to prepare for the Vasil hardfork, it still features small solutions such as UTxO blockchain explorer. This solution has won the praise of Charles Honksin, the founder of the Cardano and Wingriders crypto project. 

Related Reading: BitGo Slaps Galaxy Digital With $100 Million Suit After Scrapping Buyout Deal

Contrary to the massive developments in the Cardano network, its price has been facing sharp dumps for the last 300 days, per TradingView’s chart. It has lost over 84% in value since September, and the continuously rising adoption and upgrades have not lifted the price up much. Currently, Cardano’s ADA price fluctuates around $0.48.

Featured image from Pixabay and chart from TradingView.com
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Kent Tenix

Kent Tenix

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Kent is a talented freelance writer and journalist who creates insightful and thought-provoking content. With over 5 years of experience, she has honed her skills and established herself as an expert in her field. Kent is especially passionate about in-depth reporting and investigative journalism. She thoroughly researches every topic and story she covers to provide readers with comprehensive information and perceptive analysis. Whether she's reporting on politics, business, technology, or culture, Kent prioritizes accuracy, nuance, and integrity. Her goal with every piece is to inform readers and inspire meaningful conversations and positive change. Kent enjoys traveling, photography, and spending time with her family when she's not tirelessly conducting interviews or poring over data. She hopes to continue using her writing to enlighten and engage audiences on issues that matter.

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