$ADA: Cardano’s 2022 Highlights

On Wednesday (21 December 2022), Cardano Foundation explained why 2022 has been a fantastic year for smart contracts platform Cardano ($ADA).

Cardano Foundation is “an independent Swiss-based non-profit that oversees and supervises the advancement of Cardano.” It is the legal custodian of the Cardano brand and it collaborates with IOG and EMURGO to “ensure that Cardano is being developed and promoted as a secure, transparent, and accountable solution for positive global change.” Cardano Foundation “sets 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.”

Here are some of Cardano’s main achievements in 2022 mentioned by Cardano Foundation:

• impressive on-chain growth (number of native tokens, wallets, Plutus scripts, transactions, and delegated wallets went up 192%, 47%, 394%, 139%, and 27% respectively);
• many new partnerships and collaborations (e.g. with NMKR, UZH Blockchain Center, and veritree);
• Cardano Summit 2022, which was held November 19-21, 2022 in Lausanne, Switzewrland;
• taking part in 20+ events (e.g. Consensus 2022) around the world; and
• 50 Cardano Improvement Proposals (CIPs) reviewed.

On 3 November 2022, Frederik Greggard, the CEO of Cardano Foundation, explained how the “new process in place” for CIPs works and why this will not only help them reach their open source goals but also help the Cardano ecosystem.

Greggard went on to say:

“A CIP is a way for the #Cardanocommunity to propose a new feature and collect community input on an issue in the #Cardano network… As full transparency is needed to make informed decisions, CIPs now require explicit enlisting of participating projects. Many processes have also been simplified. This will make it easier to understand and easier to classify and search… We introduced CIP-9999… #CIP 9999 aims to capture issues that do not have solutions yet. This could form the basis for a grants mechanism built on top of proposals…

“The changes to the CIP process will empower the #CardanoCommunity. @Cardano_CF works to make it as easy as possible for community members to create the changes they want. We operate with complete transparency and ensure everyone can make an impact and an informed decision.

“Key CIP metrics: ✅100+ visitors/day on the repository ✅38 new CIP authors over a year ✅2700+ comments in a year ✅50 reviewed proposals & 20 proposals under review ✅more than 100% proposal growth in a year ✅155 pull requests created in 2022, 103 merged…

“Everyone who can, should get involved in the CIP process and have their voice heard. #Cardano need as much participation as possible to reach our goal of a truly open source ecosystem. This latest #CIP overhaul brought us one step closer.“

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