{"id":168994,"date":"2022-12-30T15:26:05","date_gmt":"2022-12-30T15:26:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=168994"},"modified":"2022-12-30T15:26:05","modified_gmt":"2022-12-30T15:26:05","slug":"cardano-ada-was-1-blockchain-in-2022-by-development-activity-says-santiment","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/cardano-ada-was-1-blockchain-in-2022-by-development-activity-says-santiment\/","title":{"rendered":"Cardano ($ADA) Was #1 Blockchain in 2022 \u2018By Development Activity\u2019, Says Santiment"},"content":{"rendered":"

On Thursday (29 December 2022), crypto analytics startup\u00a0Santiment, which provides tools that make \u201cpowerful OnChain, Social & Financial analysis accessible to anyone\u201d, commented on the 2022 development activity of the major blockchains.<\/p>\n

Throughout, some extremely harsh critics of Cardano \u2014 the most infamous of which\u00a0is\u00a0Mike Alfred, who is Founding board member and first seed investor at\u00a0Eaglebrook Advisors \u2014 have essentially called it a ghost chain, claiming that nobody uses it:<\/p>\n

However, yesterday, Santiment said in a blog post that Cardano was the strongest blockchain by its \u201cDeveloper Activity\u201d metric<\/p>\n

Here is how Santiment defines and explains this metric:<\/p>\n

\u201cThe development activity of a project is done in its public GitHub repositories. The work done in private repositories is hidden from the public and cannot be tracked. In Crypto, a lot of the work is done in public repositories, so this metric is available for many projects. <\/em><\/p>\n

\u201cA developer\u2019s time is a relatively expensive resource (especially in Crypto), so high development activity implies that: The project is serious about its business proposition; The project will likely ship new features in the future; It\u2019s less likely that the project is just an exit scam. Simply put, Development Activity can be used to gauge a project\u2019s commitment to creating a working product, and continuously polishing and upgrading its features.<\/em>\u201c<\/p>\n

<\/p>\n

On 21 December 2022, Cardano Foundation explained why 2022 has been a fantastic year for smart contracts platform Cardano ($ADA).<\/p>\n

Cardano Foundation\u00a0is \u201can independent Swiss-based non-profit that oversees and supervises the advancement of Cardano.\u201d It is the legal custodian of the Cardano brand and it collaborates with IOG and EMURGO to \u201censure that Cardano is being developed and promoted as a secure, transparent, and accountable solution for positive global change.\u201d Cardano Foundation \u201csets the direction for decentralized economic empowerment, working with regulators in different jurisdictions to shape blockchain legislation and commercial standards, and empowering the Cardano community to leverage the Cardano protocol to solve real-life problems.\u201d<\/p>\n

Here are some of Cardano\u2019s main achievements in 2022\u00a0mentioned\u00a0by Cardano Foundation:<\/p>\n