Reportedly Cardano got significant love among the African regions, as the Cardano team showed significant collaboration with government agencies.
Cardano is a popular Proof-of-stake (PoS) blockchain network and the network of Cardano is known for its scalable nature. Cardano blockchain is popular because of its ability to fight against the challenges associated with blockchain technology like low scalability, slow transaction confirmation, etc. Cardano Devs are working to introduce scalability in the Cardano network to up to 1 million transactions per second via Hydra protocol.
Recently “CoinKickoff” named a website conducted its research on the popularity of Cryptocurrencies. The team used an AI tool to see the tag of the coins on Twitter from 800,000 Crypto Twitter users, to make the results more accurate & bais-free.
Findings of the report noted that Cardano grabbed huge popularity among the Crypto Twitter Community and it was highest in the African regions.
Report noted that Cardano’s high popularity in the African regions was very high because of the better presence of the Cardano Blockchain developer company IOG (Input Output Hong Kong Globa) in Kenya, Uganda, Ghana, Tunisia, and other parts of the world, including Switzerland and Puerto Rico.
It is worth noting that, the popularity of Cardano is high over Solana, Ethereum, Avalanche, and other crypto assets, in these regions.
The report also noted that Cardano has less activity on its smart contract based Defi protocols because its team failed to bring the smart contract feature to the Cardano blockchain at the perfect time.
In the past, IOG CEO & Cardano founder Charles Hoskinson talked about the potential future of the African economy and said that Cardano will help the African economy to reach a better level.
Hoskinson further added:
“Very soon we will solidify that with a collection of flagship deals that we will then roll out to much larger deals. We have many strategic partners, relationships, and political access.”
Read also: Devs on Solana grew 83% from December 2022