2 - 3 minute read
Cardano (ADA) holders have reason to be proud of the altcoin’s development activity in 2022, despite the sharp drop in capitalization that ADA experienced alongside other cryptocurrencies. Despite this, developers have not abandoned the crypto network and continue to bring improvements and new features to the blockchain.
One of the most notable events for Cardano in 2022 was the Vasil hard fork, which aimed to bring increased scalability to the cryptocurrency. Additionally, several Cardano Improvement Proposals (CIPs) were updated, and there was an upgrade to the diffusion pipelining. Another exciting development was the launch of Milkomeda, the first sidechain of the Cardano blockchain to join the mainnet. This is significant because it enables Ethereum Virtual Machine (EVM) applications on networks that are not EVMs, potentially positioning Cardano as a leader in smart contract platform activity.
Looking ahead to 2023, there are more exciting developments on the horizon for Cardano. One of the most exciting pieces of news is the integration of contracts into PyCardano, an altcoin library in Python. This is made possible by a new Pythonic programming language called Eopsin, which developers describe as efficient and secure. Eopsin functions as a translator, taking code written in Python and converting it into the smart contract language that the Cardano blockchain can understand, Plutus. Additionally, Eopsin analyzes the different parts of a Python code and finds ways to make it faster.
Python is one of the most user-friendly and intuitive programming languages, so this new feature is expected to attract more projects to the Cardano blockchain and make it grow further in front of other “Ethereum killers.” However, it’s important to note that development is still in its early stages and more testing is needed before the effectiveness of this new functionality is certified.
Cardano’s development activity in 2022 and plans for the future, such as the integration of Python, demonstrate the altcoin’s commitment to innovation and growth. This, along with its recent notable events, suggest that 2023 could be a year of significant progress for Cardano.