Today, a number of significant enhancements to the Cardano ecosystem were disclosed by its many developers. The innovations include both the blockchain and decentralized apps developed on it.
The first advancement may be referred to as CIP-1694, where CIP stands for Cardano Improvement Proposal. This invention, co-authored with Cardano’s creator Charles Hoskinson, is an on-chain governance system that will pave the way for Cardano’s transition to the Voltaire phase.
The proposal submitted by developer Jared Cordouan at the end of November is now in the voting phase. According to Hoskinson, Voltaire is meant to represent the culmination of the development of the Cardano network and to serve as a model for decentralized administration across the industry.
The dcSpark team’s establishment of a price index for Cardano native coins is an additional significant innovation of late. The index is intended to be free and deployable locally, without the requirement for an API or third party. As a point of perspective, the current number of native tokens on Cardano exceeds 7 million.
The index is now supported by Minswap, WingRiders, and SundaeSwap, the three biggest decentralized exchanges on Cardano by total value locked.
Cardano is one of the crypto industry’s most actively developing projects. Cardano has more daily development activity on GitHub than Polkadot (DOT), Cosmos (ATOM), and Ethereum, according to U.Today.
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