Tag: Cardano News
23 New Cardano Staking Pools Created in the Past 24 Hours
Approximately around 23 new ADA staking pools have appeared in the Cardano network in the past 24 hours, each holding a massive 62 million ADA, according to a recent tweet by @Cardanians_io. The move resulted in ADA soaring to 6.7% in the past 24 hours. With the newly created pools, the live stake therefore, has risen to a whopping $1.5 billion worth of ADA with the overall amount of staked ADA now surpassing 73% of Cardano’s native coin in circulation. The aforementioned pools allow users to stake their ADA with those pools in order to earn awards in the same coin based on the proof-of-stake consensus algorithm. 23 new pools have been created in the last 24 hours. Each has a stake of 62M ADA. The live stake has increased by $1.5 billion ADA. The number of staked $ADA coins is over 73%, which is an excellent result in the context of the #DeFi boom. Someone really big likes #Cardano. — Cardanians.io 🥩 with CRDN 🏊 (@Cardanians_io) March 22, 2022 Cardano Now at Par With Ethereum L2 network? According to a recent tweet from @cardano_whale, last weekend, the Cardano network’s total value locked, including staking, has witnessed the most significant one-month increase. Across all DeFi protocols on the Cardano network, the total value locked has increased by $10 million while the aggregated TVL of the Cardano network amounts to $277 million, according to data from DeFi Llama. Cardano’s Total Value Locked including staking is now up to 22nd, the largest 1 month increase across all protocols with TVL > $10m. Cardano’s dominance in DeFi is now on par with Ethereum’s Optimism L2 (0.2%), keeps rising fast — ADA whale (@cardano_whale) March 20, 2022 At the time of writing, Cardano is trading at $0.954826, which is an increase of 18.9% compared to seven days before, when its price was $0.79, according to data from CoinGecko. Cardano (ADA) is currently the eighth largest cryptocurrency by market capitalization, which at press time amounts to $30 billion.
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AdaSwap to Launch Next-Gen Cardano DEX, Amasses $2.6M in Funding
AdaSwap raised $2.6M during its funding round. AdaSwap plans to use this for the launch of AdaSwap DEX. The funding ... Cardano-Powered Flickto Announces First Feature Film Project
Cardano-powered media project incubator Flickto announced its first feature film project called ‘The Cowboy.’ First Feature Film on Cardano’s Flickto The team behind Flickto will provide updates and the wider Cardano network as filming progresses to share behind the scenes content with the community. It’s also one of the projects that have been announced as part of their launch showcase. The feature length film includes casting such as Mark Godbeer (Valor Champion), Byrony ‘Killerbee’ Tyrell (Bellator Fighter), Lewis Long (Bellator MMA Fighter), Ian ‘The Machine’ Freeman, Mario Saeed, Adam Oakley, David Round, Tatiani Fanucchi, Laura Marklew, Harry Ash and Joseph Whelan. Founded in November 2021, Flickto aims to tackle the various loopholes prevalent in the media industry. For this, the platform aims to utilize Cardano’s Proof of Stake mechanism and the newly introduced ISPO model to decentralize media funding methods. Over the last few months, Flickto already made substantial progress in their roadmap targets while raising 2 successful IDO rounds while accumulating partnerships across the media and crypto industries. Decentralizing the Media Industry Flickto’s decentralization model will tackle pressing issues that face underserved and underrepresented creators from all around the globe. Users can also partake in their ISO which launched on the 14th of February. In addition, the platform has also launched their own NFTs with real world utility from free consultancy on projects to production support. These incentives place Flickto amongst some of the most highly rewarding ISOs on the Cardano network.
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Cardano Maintains Top Market Position, Eyes Price Surge Soon
Cardano matains top 10 market position. ADA tokens trades an estimated price of $1.08. Sundaeswap (SUNDAE) utilized Cardano’s blockchain. Cardano ... Cardano at Its Most Undervalued Price Since 2020
Cardano (ADA) is at its most undervalued price since March 2020. ADA has achieved numerous milestones in the past few ... Cardano Shows Bullish Promise; Crypto Market in Upward Trend
Cardano has shown signs of a bullish trend, as its value went up to 1.6 today. Bitcoin, Dogecoin, Shiba Inu ... Overview of Third Generation Crypto – Cardano
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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