November marked a historic month for Cardano as <a href="https://www.cryptoknowmics.com/news/cardano-price-surges-toward-1-after-hitting-a-yearly-high/" target="_blank" rel="noopener">ADA's price</a> skyrocketed by an impressive 216%. Simultaneously, the network saw a significant uptick in activity, with transaction volumes increasing by 2.65 million, pushing the total to 100.57 million. These milestones highlight growing adoption and investor confidence in Cardano’s blockchain ecosystem.
<h3>Development Highlights and Network Updates</h3>
[embed]https://twitter.com/InputOutputHK/status/1864678153593266330[/embed]

Cardano developer Input Output Global (IOG) reported a surge in ecosystem growth, with 1,979 Cardano-based projects, including 603 new ones. The issuance of native tokens rose by 80,000, and Plutus scripts, a key for smart contract functionality, increased by 9,102, reaching a total of 100,800.

Several node updates were rolled out, including Node v.10.1.3, addressing critical issues, and Plan 529, linked to Epoch 529, set to initiate a key governance action for the Chang #2 hard fork in January 2025. This milestone offers stake pool operators (SPOs) and the Intersect Catalyst Committee (ICC) the chance to ratify Cardano's next major hard fork.
<h3>Advancing Smart Contract Capabilities</h3>
The Plutus team made strides in smart contract development, progressing with Agda-proof object serialization and introducing new enhancements to Untyped Plutus Core. Additionally, a Protocol Insights dashboard update was unveiled to improve network transparency.
<h2>Community-Led Governance</h2>
Cardano’s recently approved constitution signifies a major step in decentralized governance. The community will decide on its ratification, with an on-chain vote anticipated in January 2025.

Cardano’s impressive growth in November, coupled with its strategic upgrades, positions the blockchain for a transformative year ahead.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Cardano’s November: Milestones, Updates, and a 216% ADA Surge

Cardano’s ADA skyrocketed 216% in November as transactions hit 100M. Major updates include new node releases, smart contract progress, and a hard fork plan.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Cardano’s November: Milestones, Updates, and a 216% ADA Surge

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