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Cardano most developed crypto project on GitHub in 2021 - Santiment



 Almost three months have passed since the Alonzo fork on the Cardano network. The blockchain is gaining momentum among developers.


According to data from CryptoRank and Santiment, Cardano was the most developed crypto project on GitHub in 2021 with over 140,000 events. 



In second and third place are Kusama and Polkadot with roughly the same number of events during the year. Cardano far surpassed Ethereum's development activities. Ethereum took fourth place. Santiment defines a GitHub event as the creation of a problem, the creation of a pull request, commenting on a problem or pull request or when a code repository is split off, added as a favorite or observed. 


In a live session on Youtube last week, Cardano founder Charles Hoskinson stated that around 127 projects were being developed on the Cardano blockchain. Hoskinson also expects the number of ADA users to increase tenfold from the current 2 million thanks to the growing popularity of NFTs.


Cardano's technological progress continues to gain momentum after Alonzo. One of the notable projects the blockchain is currently working on is the Layer-Two upgrade Hydra . This is intended to forward transactions outside the chain to staking pools without partitioning the ledger itself. In theory, this would allow for advanced linear scaling of the network with hundreds of "hydra nodes" each processing hundreds of transactions.



It is also worth mentioning a new type of fintech financing mechanism, the so-called Initial Stake Pool Offering (ISPO). This is only available on the Cardano blockchain. In this system, blockchain enthusiasts log their cryptocurrencies and receive tokens of the new project they are funding as a reward. In contrast, the ADA staking rewards go to the developers. The money does not come out of the investor's wallet, which makes this process fairly safe. Genius Yield is one of these projects and was able to raise 118 million US dollars within 24 hours via the ISPO pools.

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