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Assessing the state of Cardano following its 2023 summit

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Like it has done every week Cardano’s [ADA] engineering and research arm Input Output, gave a rundown of what transpired with the blockchain between 6th and 10th November. Interestingly, this report is the first after Cardano’s 2023 Summit.

This year’s Summit happened in Dubai. As usual, it was put together by the Cardano Foundation and served as a platform for the community to learn, network, and collaborate with builders on the blockchain.

During the week, 148 projects were launched on the network. Also, 78 million transactions occurred. One of the reasons there were still many transactions was not because of the hike in ADA’s price alone.

Rather, the Mithril team made progress with decentralizing its peer-to-peer (P2P) concept. The function of the Mithril mainnet upgrade helps to increase the speed, efficiency, and effectiveness of the nodes on the Cardano.

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A node in the blockchain ecosystem is a computer responsible for storing information on the blockchain. With regards to the Mithril upgrade, Input Output noted:

“They progressed with decentralizing the Mithril networks with the peer-to-peer (P2P) networking proof of concept, for which they have achieved the implementation of a very basic working demo with a peer-to-peer publish-subscribe (pub-sub) mechanism.”

Upgrades like this were some of the reasons Cardano was able to flip Polkadot [DOT] in terms of development activity. AMBCrypto’s assessment of the development activity at press time showed that Cardano remained at the top of its game.

Cardano development activity and active addresses

Source: Santiment

The development activity tracks the work done in a project’s public GitHub repository. So, the increase in the metric suggests that developers on the network are staying committed to shipping features on the blockchain.

As the development activity jumped, so did the 24-hour active addresses. The rise in the active addresses means that market participants made a lot of transfers on the Cardano network.

Other developments on the network involved the Lace team. The Lace wallet is a platform created to allow easy staking on Cardano. It also allows users to send multiple assets to different addresses at the same time.

At the 2023 summit, Lace noted that it was collaborating with Input Output on some features. With respect to staking, Lace noted a new feature may appear on the wallet next week. The report noted that:

“They also worked on enhancing the multi-staking feature which will be released next week.”

Realistic or not, here’s ADA’s market cap in DOT terms

In conclusion, Input Output revealed that about 150 members of the community registered to join Interesect.

Intersect is a member-based organization for the ecosystem tasked with ensuring the project’s continuity and future development. With the sign-ups, Cardano may now be armed with another set of developers that can foster its growth.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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