Cardano has had a solid performance this year.  The POS chain has tripled its DeFi TVL and sits among the top DeFi protocols.  Retail...

Advertisement &nbsp &nbsp Cardano (ADA), like the rest of the crypto market, has had a horrid year in terms of prices. However, ADA still...

This is version one of a beginner’s guide to Cardano ($ADA) that consists of roughly 80 questions and answers about the Cardnao blockchain and...

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Cardano founder Charles Hoskinson will speak at the Inevitable World Summit (IWS) on March 1 at 11:00 AM GMT.

The post Cardano founder set to reveal the future of finance at the Inevitable World Summit 2022 appeared first on CryptoSlate.

ADALend’s mission is to democratize the lending industry by using the Cardano blockchain to eliminate the traditional banking middlemen. This will be accomplished through the development of a platform that connects borrowers, and lenders in a decentralized manner. With the help of blockchain technology and IOHK’s research and development, the platform will provide a simple, secure, and more transparent way of exchanging value. The decentralized lending platform will allow creditors to perform lending activities and create a safer and more efficient lending environment for all users. Ensuring the Security and Safety of Lending in a Decentralized Environment While traditional banks continue to disregard the needs and concerns of the people, ADALend has come to provide access to loans for those in need who have been ignored. The inability to gain access to funds has long-term consequences. ADALend provides a platform to change the current state of financial affairs. While the cryptocurrency market is young, it is already very versatile. ADALend is a revolutionary platform that brings the best of both worlds together, with an innovative business model to take advantage of the best features of multiple industries, thus creating a new and sustainable source of income for businesses, investors, and borrowers. Lenders and borrowers alike have had to contend with a lack of transparency and safety, making it difficult to efficiently manage a lending platform. The team at ADALend is working to solve this problem. The team has expert economists, engineers, and business professionals that are working to build a trustless, decentralized lending protocol that will allow users to operate in a self-governed environment. By using decentralized lending protocols, users can borrow, lend and earn money in a secure and anonymous environment. A New Architect for ADALend It is a challenge to build ADALend on the Cardano blockchain using Haskell and Plutus with smart contracts being quite limited in these early days. However, ADALend has announced today that after a long executive search they have hired a new Chief Technology Officer Ali Krynitsky, who brings extensive experience of working software development for Enterprise and Consumer software companies, and a deep passion for developing on Cardano. However, ADALend stated today that they have hired a new Chief Technology Officer, Ali Krynitsky, who offers vast experience designing software for Enterprise and Consumer software firms, as well as a strong passion for Cardano development. ADALend will launch its public IDO in March 2022 across numerous Launchpads and will list on several top-tier exchanges shortly thereafter. The ADAL tokens will be available for purchase at the discounted rate of 55 cents until the end of the Private Sale round A on January 31st at Midnight GMT. From the 1st of February, there will be a Private Sale Round B with a price of 70 cents, which will last until the IDO Launch, when the beginning price will be 1 US Dollar.          

Cardano (ADA) is a third-generation blockchain. What does that mean? In a nutshell, it builds on all the lessons learned from other coins to create a layered and distributed computing platform that places a special emphasis on security and engineering rigour. Cardano was officially launched in September 2017 under the so-called ‘Byron’ bootstrap phase. It […]

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Cardano is one of the most widely used types of cryptocurrency, a type of digital currency that can only be used online. Cardano was founded in 2015 and first traded publicly in October 2017 for a few pennies per token. The currency is now worth more than $1.20 in January 2022, after having peaked at more than $3 in the previous 52 weeks. It is one of the top ten most valuable cryptocurrencies in total value. Cardano was established by Charles Hoskinson, a co-founder of Ethereum, another renowned cryptocurrency, and it uses blockchain technology to run on a decentralized public ledger. Like an unending receipt, Blockchain administers and monitors the cryptocurrency, documenting, and arranging every transaction that occurs with it. This decentralized mechanism validates transactions, checks their integrity, and aids in the system’s overall stability and error-free operation. In addition, Cardano has a “proof-of-stake” method, in which currency owners are entrusted with verifying transactions in exchange for a reward. This “staking” incentive might be a fun way to get money. What Is the Origin of Third Generation Crypto Cardano Coins? According to CoinMarketCap, there were approximately 33.5 billion ADA in circulation as of January 2022. Therefore, the entire supply of coins is limited to 45 billion. Cardano is similar to Bitcoin in that it has a fixed quantity of 21 million units. And it’s in contrast to Ethereum, which has an endless supply but a limited annual issuance. The proof of stake approach in Cardano lets those who hold the cryptocurrency have an interest in the system’s integrity – validate transactions on the Blockchain. Then, these validators get compensated (in a crypto coin). Stakers, on the other hand, may lose money if validators approve invalid transactions. You can stake your coins with a validator and receive commensurate compensation as a cryptocurrency owner. However, there is usually a cost for this service. What Is the Function of the Cardano Cardano’s platform supports several different features: Cardano is a cryptocurrency that may be sent and received, as well as transferred in exchange for products and services, using a cryptocurrency wallet. Cardano supports smart contracts, which autonomously self-execute when the contract’s criteria are met. Cardano enables people to interact directly and without authorization with other persons or companies, bypassing middlemen such as banks and other financial institutions. Cardano can enable lending, trading, asset management, insurance, and other common financial activities decentralized finance. Cardano RoadMap The Cardano roadmap is a timeline of the cryptocurrency’s evolution, divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire. Each era is defined by features that will be delivered over several code releases. While the Cardano eras will be delivered in order, the work for each era is done in parallel, with research, prototyping, and development happening simultaneously across the many development streams. Each era’s work is collected and exhibited on its page, signifying years of effort. Here you’ll find a summary of the era’s goals, as well as descriptions of the key functional components, connections to related academic research, status updates, and even real-time code changes. Phases of Cardano Development Cardano is being developed in five stages to be decentralized applications (DApps) development platform with a multi-asset ledger and verified smart contracts. Each of the five phases is referred to as an era and is named after a significant historical figure. The five eras, or phases, are as follows: Foundation (Byron era) Cardano is a third-generation blockchain built from the ground up with research, peer review, and a strict formal development strategy in mind. The tale began in 2015 to address the three major strategic difficulties that all blockchain networks face: scalability, interoperability, and long-term viability. Finally, after two years, thousands of GitHub commits, and hundreds of hours of research, Cardano’s first version was released in September 2017, ushering in the Byron era. Decentralization (Shelley era) Following the Byron era, Cardano’s Shelley era is a period of expansion and development for the network. However, unlike the Byron era, which began when the mainnet was established, the transfer to Shelley is intended to be a seamless, low-risk shift with no service interruptions. The Shelley period covers Cardano’s crucial early moves toward decentralization — which, like any initial step, will be modest but substantial. Smart Contracts (Goguen era) With the addition of smart contracts, the Goguen period marks a significant advancement in Cardano’s capabilities. Whereas the Shelley period decentralizes the system’s core, Goguen builds on Cardano’s robust foundation of peer-reviewed research and high-assurance development to allow users to create decentralized applications (DApps). Scaling (Basho era) The Cardano Basho period is one of optimization, with the network’s scalability and interoperability being improved. Whereas past development eras focused on decentralization and new functionality, Basho is all about enhancing the Cardano network’s actual performance to facilitate growth and acceptance for high-volume applications. … Continued

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The smart contracts platform Cardano (ADA) is up 8% in the last 24 hours as more projects go live on the network.

Cardano entered Basho stage of its development and it is aiming to boost the performance of the platform as we can see more today in our latest Cardano ADA news. The software platform Cardano entered the third stage of its roadmap, the Basho Era and it promises to improve the network’s performance and scalability. The […]

While ADA continues its downtrend, the Cardano network reached its 20 million transaction mark, and activity on the blockchain is seeing a steady increase. As reported by Reddit user Jem_Colley, Cardano broke the milestone all without seeing a single moment in downtime. Cardano’s blockchain has been up and running for 1,533 days, while some of […]

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