After the completely successful Vasil hard fork, Charles Hoskinson has bigger ambitions for the Cardano ecosystem. In October, the founder of blockchain announced that there will be a new update called Voltaire. He also talked about projects that will deepen the decentralization of the network. The efforts made to build one of the most successful ecosystems in the crypto universe, then allowed the network to be one of the blockchains with the biggest projects in development, despite the bearish market. Among these projects, there are some projects that have a real potential to influence the community and the scene. One of them is the stablecoin Djed, which is currently under development.
Is Cardano lagging behind its competitors?
Despite the bearish market, Cardano is one of the most dynamic networks in terms of development. Blockchain developers have come up with it innovations majors like Carp. It is Cardano’s SQL indexer, which allows anyone to run a price indexer for native Cardano assets. The tool developed by the company dcSpark, works entirely from blockchain data and does not require a third-party API.
“It’s an extremely fast and extremely flexible indexer for Cardano, which now supports indexing major DEXs as well. We can’t wait to see what you build with this, and what other DEXs might be added next.”the company wrote.
For his part, Sébastien Guillemot, CTO and co-founder of dcSpark, said that the tool is free to use because it does not require an API. For information, the indexer was built with funding from the Cardano Project Catalyst grant program. It already supports three decentralized Cardano exchanges: Minswap, Wingriders and SundaeSwap.
In addition, Cardano continues to work on other projects. Hydra and Mithril in particular. They have the potential to bring enormous benefits to blockchain, in terms of scaling.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.