The use of Cardano has increased dramatically with 64.6 million transactions in just one week

Cardano, a popular blockchain platform, has seen a significant surge in usage with 64.6 million transactions in just one week.

Input Output Global (IOG), the company behind Cardano's research and development, recently released its weekly development report covers various aspects of the platform, including technology, wallet and services, smart contracts, Basho Scaling, and governance.

The report announced the launch of IOG's light wallet platform, Lace 1.0, on the mainnet on April 11, 2023. The desktop version of Lace, DApp store, and other features are still under development. The report also covered the ongoing discussions about Cardano Improvement Proposal (CIP)-1694, which focuses on updating Cardano's governance scheme and tools necessary for Cardano's development.

The report also provided other statistics about Cardano's network, such as 124 projects launched on the network, the creation of 8.11 million native tokens, 7,738 Plutus Scripts written, and 1,225 projects currently under development.

Source: Essential Cardano

The CardanoSpot, a community chat platform for Cardano, recently explained CIP-1694, which aims to change the power and governance structure of Cardano through bootstrapping.

Overall, Cardano's growth and development reflect its popularity and potential as a blockchain platform.

Source Link:  Cryptoglobe