Over 200 Smart Contracts Listed on Cardano
A week after Cardano activated Alonzo, completing the end of the Goguen Phase, over 200 smart contracts are listed on the platform. However, these smart contracts aren't active as they are in time-lock until developers release them.
Charles Hoskinson, the lead developer of IOG—who's also in charge of code quality control, thinks 'DeFi is up for grabs’. Developers building open-source finance products on the blockchain will benefit from interoperability, liquidity, better governance, and, most importantly, cost prediction in a satisfactorily decentralized base layer.
Cardano differentiates itself from others for its dedication to research and peer-reviewing. The platform is built from scratch and is still in development, recently activating smart contracting. Even so, Cardano is one of the most decentralized staking blockchains, boasting over 1k unique pools. Data also shows that over 70 percent of ADA are staked, helping to secure the network.
While the launch of smart contracting and Goguen was priced in, evident from the rapid price expansion over the last year, there could be more headroom for ADA. At the time of writing, ADA prices were suppressed below $2.5 but at third in the market cap leaderboard.
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