Cardano smart contracts
2 months ago 1 min read

Over 4,000 Cardano-based smart contracts have been developed

In September 2021, the Cardano (ADA) blockchain underwent a substantial upgrade featuring the integration of smart contracts, thus enabling the network to operate more efficiently and at a greater capacity. Despite a decline in the coin’s price in 2022, the network’s development has advanced significantly. By December 4, the number of Plutus-based smart contracts that were operating on the Cardano blockchain had ballooned to 4,050, a 316% increase from the 947 that were in action at the start of 2021. Once the Alonso hard fork was accomplished, Cardano was able to provide the developer community with a programmable, DeFi application

Cardano blockchain
3 months ago 1 min read

Cardano parent company launches a privacy-focused blockchain and token on Cardano network

Input Output Global Inc. (IOG), the company behind the Cardano blockchain, announced the launch of a new data-protection and privacy-centric blockchain and accompanying token on Friday at an event at Edinburgh University in Scotland. The blockchain, dubbed “Midnight,” is one of the Cardano sidechains that will offer zero-knowledge smart contracts, which will allow parties to complete transactions without disclosing any identifying data to each other. “Dust” will be the name of the accompanying token. According to Hoskinson, the blockchain will balance user privacy while granting authorities access to the system if permission is granted. Hoskinson, referring to existing privacy-centric blockchains

Cardano co-founder
3 months ago 1 min read

Cardano’s founder states that short-term events won’t stop the crypto revolution

Cardano co-founder Charles Hoskinson recently took to Twitter to emphasize that short-term events will not derail the crypto revolution. Hoskinson went on to say that cryptocurrencies and blockchain technology are transforming the world. The CEO went on to say that today is Wednesday, and that there will be more Wednesdays to come. A GIF of a honey badger attempting to attack a king cobra is also included in the tweet. He may be implying that no matter what happens in the cryptosphere, one should continue to build, grow, and innovate. The Cardano founder‘s statements surfaced following the agony that the

Cardano Smart contact app builder
3 months ago 1 min read

Cardano users can create smart contracts via App

Cardano users can now create smart contracts using the Cardano Babbage v5.0.0 app, according to Ledger, a blockchain application provider. The application can now be downloaded from Ledger Live. Cardano Babbage v5.0.0 generates smart contracts with Vasil’s upgraded Plutus script. However, before downloading the app, users must ensure that they are running the most recent version of the Ledger Live app as well as the most recent firmware on their Ledger wallet. Furthermore, contrary to the Cardano v4 app, Ledger Live does not currently support the Babbage App. As a result, it can only be used with third-party apps such

Cardano Founder Charles
3 months ago 1 min read

Cardano founder launches a Twitter poll about a Doge sidechain

Over the weekend, Charles Hoskinson asked his followers on Twitter if Input Output Hong Kong (IOHK), the parent company of Cardano, should “pitch to Twitter a post-quantum ultrafast and identity-enabled doge sidechain of Cardano custom built for social networks.” The tweet comes after Elon Musk’s successful completion of the acquisition of social media site Twitter last week. ADA, the native token of Cardano, is currently trading at $0.403 after losing 3.43% of its value the previous day, according to CoinMarketCap. Even though the price of ADA has decreased over the past day, it has increased by 12.78% over the past

Cardano CEO said Cardano will become "a network of blockchains" in the future.
3 months ago 1 min read

Cardano will eventually become “a network of blockchains,” says Charles Hoskinson, CEO of Cardano

In the long run, Cardano will develop into “a network of blockchains,” according to Charles Hoskinson, Co-Founder and CEO of IO Global (also known as “IOG,” formerly known as “IOHK”), the organization behind Cardano’s R&D. In a video made available on Tuesday (October 25), Hoskinson predicted that the Cardano blockchain will become “a network of blockchains” in the future. Hoskinson noted, “Cardano will eventually be a network of blockchains so it’s not just going to be Cardano, but when you think about the sidechain side of things, there’s potentially going to be dozens, potentially hundreds of sidechains running in parallel

Charles Hoskinson founder of Cardano
4 months ago 1 min read

Cardano’s founder promises that “Something Special” is coming in November

Cardano founder Charles Hoskinson teased the Cardano community earlier today with a surprise announcement. Without going into greater detail, the popular crypto enthusiast and founder of Cardano, predicts that “something spectacular” is coming in November. Charles Hoskinson included an animated GIF of the character Professor Farnsworth from the 1999 cartoon TV show Futurama saying “Good News Everyone!” The meme is frequently utilized by anyone who discusses anything positive. After months of delays, Cardano released its much-anticipated Vasil upgrade in September. The ADA token, which experienced a large surge in the run-up to the update, has made no progress since then.

Cardano ADA
4 months ago 1 min read

Cardano (ADA) is significantly undervalued, claims an On-Chain’s signals

Santiment, a crypto analytics outfit, on-chain signals for Cardano revealed that ADA is currently trading at a considerable discount. Santiment examines Cardano‘s MVRV Z-Score, which compares an asset’s total market capitalization to its total realized market capitalization. Historically, a low Z-Score indicates that an asset is undervalued. According to Santiment, ADA’s MVRV Z-Score is at its lowest point since January 2019. According to the analytics group, the global cryptocurrency market is displaying symptoms of capitulation, with many traders closing out positions at a loss. According to Santiment, the concession could spark a market resurgence. While many crypto currencies are showing

Cardano founder
4 months ago 1 min read

Charles Hoskinson Makes Fun of Reddit Users Who Make Cardano Memes

Charles Hoskinson, the founder of Cardano, took to Twitter to explain how the NFT community on Reddit is criticizing him and Cardano on the forum /r/CryptoCurrency, asking “at least make better memes.” While Hoskinson discusses the “Charles Derangement Syndrome” memes, cryptocurrency influencer Ben Armstrong responds with a similar experience he had years ago. “BitBoy Derangement Syndrome took its final form on r/cryptocurrency years ago,” Armstrong wrote, adding that he has previously been asked to do a roast on the platform and would like to perform an ask-me-anything session sometime. Hoskinson responded that once the job is over, he would like

The Cardano blockchain has seen a surge in network activity
4 months ago 1 min read

Cardano Network Transactions Increase by 75% as Activity Skyrockets

The Cardano blockchain has seen a surge in network activity. According to Cardanoscan, network transactions reached 97,959 on October 19, the highest level since the beginning of October. On a monthly basis, this is a 75% gain. Cardano is now one of the top three NFT chains. According to openCNFT data, NFT volumes reached 3.0 million ADA and 2.8 million ADA on Oct. 17 and 18, putting Cardano in third place among NFT protocols. In the last 24 hours, Cardano ranked ahead of Immutable X, with $1.2 million traded in NFTs, trailing only Ethereum and Solana. On September 22, the

Is ADA at Risk of Dropping Out of the Top 10 Cryptos List?
4 months ago 1 min read

Is ADA in Danger of Losing Its Place Among the Top 10 Cryptocurrencies?

Cardano’s native cryptocurrency, ADA, has established new bottoms during the current crypto bear market as a result of what appears to be a significant price suppression by crypto bears. The token has looked ready to reclaim the lost level ever since the price of ADA plunged below the critical support levels at $0.385. Unfortunately, the likelihood of a bullish turnaround is diminishing because of the deteriorating macroeconomic environment. The eighth-largest cryptocurrency by market value may continue to set fresh price bottoms if bears maintain their dominance, which would eventually cause it to tumble off the list of the top 10

Cardano Vasil Hard Fork Analysis
6 months ago 2 mins read

Cardano Vasil Hard Fork Analysis

Cardano is the 8th largest cryptocurrency in the world according to Coinmarketcap with a $15.4 billion market cap at the time of asking. It is set up to rival major blockchains like Ethereum and BNB Chain in the coming years. There is an important update coming for the Cardano blockchain also considered to be the most important update in its history, which is expected to have a significant positive impact on the price. Coupled with the current bearish cryptocurrency market, $ADA, the native token of the Cardano ecosystem has dropped more than the major coins and has been in a