Cardano Foundation’s 2024 Activity Report: All There’s to Know

The Cardano Foundation recently took full stock of the different activities that the network recorded this past year.

It highlighted events like the Chang Hard Fork transition, which put governance in the hands of the community members.

The Swiss-based not-for-profit organization also acknowledged some enterprise adoption in its report shared with The Coin Republic. In addition, it highlighted its milestones in community growth, expanded partnerships, and technological advancements.

Cardano’s Governance Pivot With Chang Hard Fork

Frederik Gregaard, President of the Cardano Foundation, believes that the Cardano Foundation made an effort with the network in 2024.

Most of these efforts were directed toward establishing the Layer-1 blockchain as the public digital infrastructure of the future.

“As detailed in our activity report, we’ve worked with industries spanning sport, space exploration, real estate, and advocacy groups on implementing blockchain for good. We’ve built strong foundations for businesses to meet evolving technological demands,” Gregaard noted. “While Cardano is entering a period of lasting change, we’re excited for this next phase and invite all blockchain enthusiasts to join us in building for the future.”

– Advertisement –

Notably, the Chang hard fork was implemented in 2024 after several delays. Going live on the mainnet automatically ushered in the Voltaire era.

It is a two-part upgrade to enhance the Cardano blockchain’s functionality and decentralized governance.

While phase 1 of the Chang hard fork brought in Interim Constitutional Committee (ICC) voting, the next stage seeks to expand this.

For phase 2, the ecosystem welcomed the Delegate Representative (DRep) Voting feature. This feature allows Cardano holders to choose representatives who can vote for them.

It makes voting easier for users who need more time or knowledge to participate in every proposal while still having a voice.

Ultimately, the Chang hard fork marked a rare shift for the Cardano ecosystem.

More Cardano Achievements From 2024

In addition, the Cardano Foundation talked about the successful launch of Reeve. Reeve is an enterprise-grade accounting solution integrating blockchain technology with existing financial systems.

The team also launched Aiken 1.1.0, the leading smart contract language on Cardano. This language accounts for 62% of total smart contract activity.

Other notable achievements are the partnership with YurekAI and Tokenance to develop a digital twin solution for real estate.

There were some community-funded initiatives like the collaborations with teams from FC Barcelona, Amnesty International, Swisscom, and the UNDP.

Some of the activities highlighted by the Foundation in the 2024 report include expanding the Cardano Ambassador Program to 80 persons across 35 countries.

Cardano And the European Union MiCA Legislation

In terms of regulation, Cardano was one of the projects that adopted the newly implemented European Union’s Market in Crypto Assets (MiCA) legislation.

Precisely, it partnered with the Crypto Carbon Ratings Institute (CCRI) for the early adoption of MiCA-compliant sustainability indicators.

With MiCA, the Cardano Foundation introduced a project to create a Whitepaper Template for the EU regulation.

The goal is to help Cardano-based projects follow the new MiCA rules by creating useful resources that make compliance with MiCA’s disclosure requirements easier.

The Cardano Foundation works with legal firms LAWSIDE and STADLER VOELKEL to achieve this.

Looking at the year ahead, Cardano is set to celebrate its tenth anniversary. Already, the Foundation has focused on three key areas: technology, governance, and adoption.

These strategic priorities further strengthen Cardano’s position as a leading blockchain platform for enterprise solutions and social impact initiatives.