Plutus-Based Smart Contracts surges by 200% on Cardano blockchain

Cardano blockchain network sees a huge surge in the smart contract developments on the native Plutus programming language. 

Cardano is the first biggest crypto blockchain project based on the Proof-of-stake Consensus. And this crypto project is getting much better support over the past year. The attraction of several projects can be seen in the Cardano ecosystem at that level, where we can see Cardano as the best alternative option over the Ethereum blockchain network. 

The core developer team at Cardano, Input-output Hong Kong global (IOHK) noted that the surge in the smart contract on the Plutus script, native program language of Cardano network, increases with very high speed. 

As per current data available, The numbers of the smart contracts are now at around 1,000, which was 300 in mid of November. So the surge took place more than 200%.

These achievement records of the Cardano blockchain showed that developers are much eager toward the Cardano ecosystem-based projects. The Cardano project team noted that the whole surge in the attraction of the developers on Cardano is because of the pioneer programs of the Cardano project to educate developers to do new development work on the Cardano blockchain network. 

Growing Ecosystem, But not price 

The native token of Cardano is ADA and this is the best coin in terms of better potential and transaction speed over other Proof-of-stake-based crypto assets. However, here we can’t compare the Cardano project with the Solana because the Solana project is based on a different Consensus i.e Proof-of-history. 

Due to the bull run season in the crypto market, ADA also surged perfectly. But ADA failed to hold its value at $2 in the last few months. 

Right now the price of ADA coin is fluctuating around $1.3. and this price of ADA coin is down by around 43% over the last three months. 

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