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Blog

Date:
15th Oct 2020
Author:
CryptoAltum Research Team

Cardano Developer Activity Exceeds Bitcoin and Ethereum

Blockchain developers are submitting more commits to the Cardano code repository in GitHub than to any other blockchain network including Bitcoin and Ethereum, data published by Santiment on Oct 14 reveals. Cardano developers are presently further improving and fine-tuning Shelley as they concurrently prepare for the Goguen phase that will activate smart contracting in the Proof-of-Stake platform.


Details: 

Cardano’s development is led by the IOHK whose leader Charles Hoskinson also doubles as the co-founder of the smart contracting and scalable platform. Even at the current valuation, ADA prices don’t reflect the true capability of the network since staking was recently activated. Coupled with Project Catalyst, developers are actively working on further enhancing the network ahead of Goguen and eventually Voltaire, explaining the spike in developer activity. 


Impact on the ADA price: 

Bullish. Cardano is open source and IOHK-affiliated developers are committing hours to narrow the gap between their platform and Ethereum by building more, bringing the Voltaire date launch closer. 


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