On Christmas Eve, the founder of the Cardano blockchain protocol, Charles Hoskinson, talked about the crypto sector and the protocol's future plans.
Related: Cardano's Ehereum Converter Is Launched on the Testnet
After smart contracts՛ going live on Cardano, in September, over 100 dapps have been under active development. Two million assets have been issued.
According to Hoskinson, the formal open-source project structure will be introduced in 2022. It will boost the entrance of institutions. Among the goals is to completely circumvent the banking system in Africa, to allow people access financial activities. Hoskinson highlighted that Cardano’s adopted a steady, step by step growth strategy. He said that he has a goal over the 2nd half of 2022 to find out how to put the pieces together and allow end-end microfinance structure on Cardano.
Earlier this month, the Cardano team launched the peer-to-peer testnet.
Among the improvements that the ecosystem has been working on is performance optimization. Data on Cardano's on-chain growth shows that the number of total transactions surged over 23 M and the number of wallets surged over 2.5 M.
Among the projects built on Cardano are decentralized exchange SundaeSwap and digital fintech platform with its stablecoin Djed, COTI. At the moment, Cardano's native coin ADA trades at around $1.5. In the last 7 days, the price of the crypto went up by over 29%. ADA reached its all-time high of $3.10 on Sept. 2, 2021.