Cardano is moving toward huge adoption because of smart contract features in the Cardano blockchain network. And it is a very influential feature from the point of the last 30 days of growth of the Cardano ecosystem.
Cardano is a 7th ranked crypto asset in this crypto industry. The blockchain Network of Cardano is popularly Known as the best rival of Ethereum because Cardano is trying to bring the use case more better than the Ethereum blockchain network.
In the mid of September, Alonzo Hardfork introduced Cardano blockchain network. However, before the introduction in mainnet, Testnet Alonzo Hardfork was full of fud. Few people raised questions on the Testnet based smart contract features and claimed that it was not working perfectly and had errors with inefficiency. But recent growth records of the Cardano blockchain network are clearly showing a mirror to all critics.
Between 13 December 2021 to 13 January 2022, the Cardano blockchain network grabbed huge attention by the Defi smart contract protocols. Around 72 crypto projects were deployed on the network. So the number of projects surged from 897 to 969.
Here it should not be taken into consideration that not all the projects are live. Few of them are under mainnet planning Launch and few of them are in the initial phase of development. Thanks to Alonzo Hardfork, otherwise Cardano will not be able to see such huge attention in this industry.
It is worth to note, Cardano project is new in this industry but still, it grabbed an 8% surge in smart contract projects in the last one month is like a milestone.
However it is all about the trust and efficiency of the Cardano blockchain Network with the feature of Smart-contract perhaps, in reality, the Cardano project team failed to introduce the smart contract feature on time.
Charles Hoskinson, the founder of Cardano, also admitted that they are late.
“We had to rewrite the software three times; there were major changes in architecture and vendors. There were approaches taken that didn’t work out; there were, of course, delays,”