Cardano registers 1000 smart contracts 📑
To the surprise of the ecosystem and its investors, Cardano has already reached 1,000 smart contracts on the network. In recent months, multiple developments have been carried out within Cardano which have led the ecosystem to reaffirm its capacity.
The main reason why Cardano has achieved this is because Alonzo, the latest imposed update has brought the possibility of applying smart contracts to the ecosystem. He brought with him the integration of DApps and DeFI products, elements that were highly demanded by Cardano users. According to the graphs exposed by Cardano Blockchain Insights, the integration of smart contracts into the network has been accelerated. In December 2021, this mark was at 940 and now it has reached 1000. Contracts are not the only ones that have increased, at the same time the portfolios within Cardano continue to rise like foam, totaling 2.5 million of wallets.
In terms of calculations, the wallets have increased by 1200% from 2020 to 2021. The block size was also increased by 12.5% in order to improve the capacity and performance of the network. Despite the increase, recently a fault and congestion was recently reported in the network, highlighting that its NFTS market was the most affected project
Hi, this Cardano network has finger a great example in the blockchain, its growth has been extremely successful, hopefully for this year 2022 it will continue with its steady growth, thanks for sharing this information with all of us.
It has grown a lot and has a lot of support, it will be a good competitor for Ethereum