Cardano leading the race before Polkadot, Cosmos and Ethereum – Will it drive ADA to $5?
- Cardano emerged as the most developed blockchain by GitHub activity in the last week.
- The trend points to a very robust network even as Cardano gears up for more upgrades in 2023.
Cardano has once again proven to not be slowing down its pace for development. The proof-of-stake (PoS) network emerged as the blockchain with the most GitHub development activity in the last week.
This is according to data pointed out by ProofofGitHub, a Twitter bot powered by Santiment. The data aggregated by the bot shows that Cardano recorded 542 notable GitHub commits. This is almost 100 more activities than the closest Polkadot and miles away from other networks, including Cosmos, and Ethereum.
GitHub Weekly Development Activity:
#1: 542 Cardano
#2: 447 Polkadot / Kusama
#3: 344 Cosmos
#4: 334 Ethereum
#5: 315 Status
#6: 311 Decentraland
#7: 310 Filecoin
#8: 283 Internet Computer
#9: 277 Elrond
#10: 222 Optimism pic.twitter.com/5sG3y5klPa— ProofofGitHub (@ProofofGitHub) December 18, 2022
Notably, the Cardano GitHub repository also saw the most development activity in the last update shared by the Twitter platform. With the trend, Cardano is on track to retain its status as the most actively developed network as it did in November.
The development activity surge is highly bullish for Cardano as it points to a robust and active network. Meanwhile, development activity is not the only indicator of Cardano’s present robustness.
In an update last week, Cardanos parent group Input Output Global (IOG), revealed that 1,151 projects are building on Cardano while 111 projects had already launched. The network has also seen the deployment of 7.28 million native tokens.
IOG driving further development of Cardano
Much of the development activity in Cardano traces back to IOG. So far in 2022, the company has coordinated several massive upgrades to the Cardano network. These include the Vasil Hardfork, as well as several parameter upgrades to the network that preceded it.
Despite this, IOG is not resting on its laurels as it continues to release plans for further upgrades. It has been noted that 2023 will be the year Cardano fully deploys its governance mechanism as it enters the Voltaire era.
Meanwhile, IOG has also continued to publish research and educational materials to keep the Cardano community informed. Its latest think piece throws light on how Ouroboros (Cardano’s consensus mechanism) as well as Plutus, Marlowe, and Hydra handle time.
Here is more about on-chain time on #Cardano:
Time handling on Cardano, part 1. About Ouroboros and the importance of determinismhttps://t.co/wi4tqG2ANz
— Input Output (@InputOutputHK) December 19, 2022
The blog posts highlighted that Ouroboros’ time handling pertains to how minted blocks are propagated to all nodes in a timely manner. Ouroboros’ time handling is unique as it features prospective determinism as opposed to other blockchains that have historical determinism.
The concept of perspective determinism means that a transaction that is yet to be added to the chain does not have a fixed effect on the chain.
Similarly, Hydra’s use cases for time include tracking the passage of time to compute and enforce the contestation deadline. Marlowe also uses time to regulate the deadlines and timeouts that constrain the execution of financial contracts. Meanwhile, Plutus uses time to track the transaction validity range defined by smart contract creators.
