- The report updates the status of ongoing projects.
- Fund9 results published.
- Hoskinson responds to Pentoshi’s twitter criticism
The latest from the Weekly Development Report published on Cardano Essential includes key highlights and statistics to date.
According to the report by Olga Hrinyuk, 100 projects have been launched on Cardano; 1,113 projects are being built presently; 6.1 million tokens, 62,162 token policies and 3,307 Plutus scripts exist on the Blockchain; and 5.4 million transactions have been recorded so far.
Project catalyst published the results of ‘Fund9’ which is a selection process for projects based on community voting. 216 proposals for innovative experiments were approved and funded to be built on the Cardano blockchain. These successful proposals will be funded via Cardano treasury funds.
Charles Hoskinson defends Cardano on Twitter – again
It is notable to mention that several heated exchanges and critical statements have been made on Twitter of late. The latest is a tweet by a cryptotrader going by the pseudonym “Pentoshi.” At the time of writing, Pentoshi had 614K followers on the micro-blogging site.
Charles Hoskinson, CEO of Input Output Group Hong Kong, and co-founder of Cardano responded via a retweet arguing that it was extraordinary that people believe and tweet such things without ‘evidence.’ And, despite the achievement of the two blockchains ‘every year,’ Pentoshi ‘can’t see it.’
Notably, XRP and Cardano were in the news for all the good reasons, at least this year. Cardano launched a unique hard fork upgrade called Vasil; while the XRP v SEC case is going XRP’s way, for now. The Vasil upgrade was triggered after a delay of only 3 months, unlike Ethereum’s Merge which was reportedly in the pipeline for 5 years before finally materializing in September this year.
Last month, Hoskinson had a heated exchange with Ethereum’s core developers on Twitter regarding Merge and their differences. Before that, he called out media bias in reporting the hard fork events of Ethereum and Cardano.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.