The cryptocurrency market has been on the move again in the last few days, and altcoins have had their fair share of it. Cardano (ADA) On the other hand, it may have been one step ahead of the others due to both this rise and the recently completed update.
New Update from Cardano
ADA, one of the leading cryptocurrencies in the top 10, has gained 5% in the last 24 hours and 16% in 7 days.
The reason for this long-term rise is known as the expected network update and developments. The company behind Cardano Input Output Global (IOHK), He was making several plans to optimize the network, one of which was recently implemented.
The company in each block Plutus announced that they increased the memory of the script from 56 million to 62 million. The update will provide the scalability that the Cardano network needs most. In the long run, the Cardano network has a plan to take it to higher levels.
Thanks to Plutus, users can create their own smart contracts and develop their applications without any technical skills.
In this way, Cardano developers want to drastically increase mainstream acceptance and use of the Cardano network. For this reason, Plutus is one of Cardano’s biggest projects. Received smart contracts with the Alonzo hard fork 6 months ago. cardano now is Plutus and trying to go one step further with similar updates.
In addition, the IOHK team highlighted that the network has seen incredible growth in recent months and everything is looking good.