• Input Output Global (IOG) released its latest edition of the weekly development report, highlighting the major achievements and updated statistics for the Cardano [ADA] network.
• Key metrics such as the total number of transaction and the total number of ADA tokens remained bullish over the last seven days.
• The Plutus, Ledger, Hydra and Mithril teams worked on various projects in the pipeline, with the mainnet upgrade proposed for 14 February 2023.
The Cardano network has seen a surge in activity over the last seven days, according to the latest edition of the Input Output Global (IOG) weekly development report. The report highlighted the major achievements of the Cardano [ADA] network, and the key metrics such as the total number of transaction and the total number of ADA tokens remained bullish.
The Plutus team had a busy week, with the main goals being finalizing the debugger MVP, increasing script capacity, adding property testing with the Plutus intermediate representation generators, and more. Additionally, the Ledger team completed some preliminary groundwork in preparation for CIP-1694 (Voltaire), and the mainnet upgrade is proposed tentatively for 14 February 2023.
The Hydra team focused their efforts on the Hydra Head V1 specification, which is currently being reviewed and completed. Meanwhile, the Mithril team completed the implementation of the backward/forward compatibility. Furthermore, 113 projects have been launched on the Cardano network, showing its increasing popularity and usability.
Overall, the progress recorded over the last seven days indicates that the Cardano network is making steady progress towards its goals. This is further evidenced by the bullishness of the key metrics, with the total number of transactions and tokens both rising over the last week. With the proposed mainnet upgrade planned for next month, the Cardano network is likely to see further growth and development in the near future.