How Cardano [ADA] shrugged off losses, extended growth hike across board

ambcrypto.com:

After enduring a long period in red, Cardano [ADA] investors finally had their day of respite. At the time of writing, the native token of the Proof-of-Stake (PoS) blockchain registered a 9.14% uptick in the last 24 hours. Only Ripple [XRP] outperformed it out of the top 10 cryptocurrencies in terms of market capitalization.

How much are 1,10,100 ADAs worth today ?

Although ADA may have edged out the bears , the escape was not without backing from activity on its network. Input Output, the project’s development arm put out a tweet about the Dynamic peer-to-peer (P2P) rollout on the Cardano Mainnet.

Find out more in this blog post: https://t.co/jbc8E15Hox

— Input Output (@InputOutputHK) March 21, 2023

According to its 16 March explanation of the P2P feature, the Charles Hoskinson-led project was a further boost to the network’s performance and decentralization The blog post also noted that the Dynamic P2P would minimize communication delays, and maximize the network’s strength against failures. 

Meanwhile, the Cardano community has been testing the functionality, which requires updating the node version to 1.35.6. The presence of the node means that Cardano users can perform P2P transactions without the need for a development network protocol. 

However, the project’s development activity stayed put at 81.17. The metric tracks the public GitHub repositories of a project while measuring commitment by developers.

But Cardano’s seemingly stagnant position did not mean it was worse off, as ProofofGitHub ranked it only behind Polkadot [DOT] .