The most recent update in Cardano, the Mary hard fork, allows users to mint native tokens in the platform. According to a report by IOHK, “this MA capability will become a fresh development fulcrum for developers worldwide, further widening Cardano’s reach and potential.”
In essence, the Mary protocol upgrade is laying the groundwork for more use cases on the Cardano blockchain. These include the application of stablecoins, decentralized finance (DeFi), and non-fungible tokens (NFTs).
Cardano exploded in popularity this 2021 because of many factors. The project is a third-generation public blockchain and development platform for decentralized applications (DApps).
The platform gained so much attention from the media because it was the first blockchain to incorporate a peer-reviewed research strategy into its core principles.
Cardano is becoming the investors’ choice because of the many technical aspects of the platform. Some even predict a Cardano $50 moonshot.
This article first published on coinquora.com
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