Cardano (ADA) Reaches New Milestone
The Cardano blockchain has reached a new milestone as it currently holds 7 million native tokens. According to data from pool.pm, the number of native assets minted on the Cardano blockchain is currently 7,059,454 at 65,718 different mintage policies.
In contrast to mutable local assets that can consist of millions of mutable tokens, narrowing down to specific details, an NFT is a single local asset that is immutable and exists forever on the blockchain. To be considered an NFT, a local asset must meet additional standards.
In 2020, Cardano founder Charles Hoskinson predicted the development currently seen in the Cardano blockchain. “Hundreds of assets, thousands of dApps, tons of interesting projects, and lots of unique and useful stuff,” he predicted. While the estimate for assets with millions of native tokens on the blockchain has been exceeded, Cardano has yet to match it in dApps.
In September 2021, the Alonzo hard fork distribution launched the smart contract functionality that allows the development of dApps. According to the latest statistics provided by Cardano manufacturer IOG, 106 projects have been launched in Cardano and 1,146 projects are in various stages of development.
Source: u.today
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
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