Since its launch in 2017, Cardano's blockchain platform has seen tremendous achievements from both IOG and its affiliated organisations. First released as an innovation from the minds of Charles Hoskinson, Jed McCaleb, and Jeremy Wood, Cardano has grown into a top 10 blockchain platform, ranked according to market capitalization. The blockchain is distinguished by its unique combination of essential features, paving way for a vibrant development ecosystem and offering users and developers with a multitude of benefits.

The development report from IOG reflects the various milestones achieved in the evolution of Cardano. The upgrade of the node to v.8.0.00 and the development of the Lace 1.1.0 by the Daedalus team are the prominent highlights of the report. The node upgrade has enabled the governance action to facilitate on-chain SPO polls and promote changes to the ledger. With the Lace 1.1.0, the wallet saw added support for HD wallets and multi-delegation, allowing users to enjoy a better experience. Furthermore, the teams responsible for developing smart contracts, the Plutus tools and Marlowe teams, have enhanced the safety checks and Marlowe runtime explorer. Progress of Cardano’s development is also evident in the number of projects developed on the platform, with 126 projects already launched and 1,240 currently under development.

Overall, Cardano has seen significant successes since its launch and the latest development report provides further evidence for the its growth and development. As the platform innovates and adds new features to its ledger, Cardano may emerge as an increasingly attractive option for developers and users alike.



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