Thursday, August 11, 2022
HomeBlockchainCardano-based Smart Contracts Cross 3,000 Mark For the First Time

Cardano-based Smart Contracts Cross 3,000 Mark For the First Time

Cardano smart contract platform, which came to existence following the Alonzo hard fork combinator event that played out in September 2021, has been growing bigger on a daily basis.

The recent data shows that the number of smart contracts on the platform has just surpassed 3,000 for the first time.

According to data acquired by TimesTabloid from Cardano Blockchain Insights, the number of smart contracts on Cardano surpassed 3,000 on the 1st of August 2022. The data as of the time of filing this report, which was last updated on the 2nd of August, shows that the number has risen to 3,015.

Cardano-based Smart Contracts Cross 3,000 Mark For the First Time
Source: Cardano Blockchain Insights

According to data acquired by TimesTabloid from Cardano Blockchain Insights, the number of smart contracts on Cardano surpassed 3,000 on the 1st of August 2022. The data as of the time of filing this report, which was last updated on the 2nd of August, shows that the number has risen to 3,015.

Charles Hoskinson Explains Reason for Vasil Upgrade’s Delay

As earlier reported by TimesTabloid, Charles Hoskinson, the creator of Cardano (ADA), has explained the major reason behind the delay in the implementation of the much-anticipated Vasil hard fork.

In a video update about two days ago, Hoskinson noted that the delay is caused by some bugs that need to be fixed before the upgrade can be successful.

Recall that the community expected the upgrade to go live at the end of July, but later delayed for more weeks. According to Cardano creator, Vasil development is currently in its final testing phase. So, except something new is discovered, there shouldn’t be delays anymore.

“The good news is that the set of things that could go wrong have gotten so small, and now we’re kind of in the final stages of testing in that respect. So unless anything new is discovered, I don’t anticipate that we’ll have any further delays…

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“Things are moving in the right direction steadily and systematically and I just wanted to give you guys an update that it’s all well in hand this is the nature of these types of upgrades,” Charles Hoskinson said.

Hoskinson added that the team of developers at IOG is currently working to fix the discovered bugs and the result has been positive.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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