Browsing:Cardano

Charles Hoskinson publicly refutes rumors of leaving Cardano
2 months ago 1 min read

Charles Hoskinson publicly refutes rumors of leaving Cardano

Charles Hoskinson, CEO of IOHK and the visionary behind Cardano, has reiterated his commitment to the blockchain platform, claiming that his involvement with the Midnight project and the prospect of implementing a multi-chain strategy are unrelated to his resignation. Hoskinson’s remark, “The answer is no,” highlighted the hard work of hundreds of IOG engineers and scientists working on Cardano. This move is timely as the blockchain industry evolves, with initiatives like Midnight emerging to target specific market needs like as data protection and privacy. Despite Midnight’s lofty aspirations, Hoskinson’s involvement with the project does not signal a shift away from

Cardano (ADA) has seen a significant surge in its market value, adding $2 billion within a 24-hour trading session.
2 months ago 1 min read

Cardano (ADA) trading volume soars by over 30%, gaining over $2 billion in 24 hours

Cardano’s (ADA) market capitalization increased significantly, gaining over $2 billion in value during a 24-hour trading period. Cardano’s market capitalization has risen to $27.68 billion due to an increase accompanied by a 42% surge in trading volume. The network has reinforced its position as one of the leading cryptocurrencies, second only to Dogecoin (DOGE) in terms of returns. Furthermore, the increase has raised the total turnover for spot and derivatives markets to above $3 billion, or 9% of the asset’s whole market value. Currently, Cardano is valued at $0.78 per ADA, its highest price since April 2022. The increased interest

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities
2 months ago 1 min read

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

Cardano (ADA) Network has unveiled its Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. The team said that the engine enhances performance and functionality on Cardano’s PoS network. This in fact enhances smart contract capabilities and driving interest among developers seeking advanced blockchain solutions. Furthermore, it is noted that it offers enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Besides, the introduction of Sum of Products (SOPs) optimizes script size and boosts smart contract execution speed on Cardano. Cardano founder Charles Hoskinson expresses his optimism about the significant steps Plutus

Cardano (ADA) has seen a significant increase in new wallets addresses
2 months ago 1 min read

Cardano (ADA) sees a substantial increase in the creation of new wallet addresses

Cardano (ADA) has seen a significant increase in new wallets addresses, with the number of new ADA wallets per day rising from 1,700 on February 22 to over 3,210 by February 24. This comes as a result of increasing confidence and interest in Cardano’s potential. However, the daily creation of new wallets still falls short of the peak of around 5,410 on February 2, when the network experienced a record 5,410 new wallets in a day. Despite this, the number of ADA wallets is about to reach 5 million, with the number of delegated wallets surpassing 1.3 million. This growth

This surge in ADA has resulted in an impressive $13 billion in large transactions
3 months ago 1 min read

The Cardano network witnesses over $10 billion in large transactions

The Cardano network is seeing a significant increase in activity as ADA whales, prominent holders of Cardano’s native crypto, conduct large transactions. This surge has resulted in over $10 billion in large transactions, far exceeding Ethereum’s seven-day average of $5 billion for transactions of comparable size. The recent increase in Cardano whale activity is notable, particularly when compared to Ethereum, a major player in the cryptocurrency market. The $13 billion increase in large transactions on the Cardano network suggests a significant shift in behavior among key investors in the ADA ecosystem. Ethereum’s seven-day average for transactions of comparable size is

Charles Hoskinson Stands Ground on XRP Critique Amid Backlash, Questions Bitcoin's Necessity
4 months ago 1 min read

The founder of Cardano Remains Firm on XRP Criticism Despite Backlash

Charles Hoskinson, the founder of Cardano, has upheld his critical stance on XRP, asserting that XRP lacks both partnership and technical value. This reaffirmation comes a year after his initial comments and follows persistent harassment from the XRP community spanning two years. When questioned about his viewpoint on XRP, Hoskinson highlighted the ongoing harassment and underscored the absence of technical parallels between Cardano and XRP as the basis for his assertions. According to Hoskinson, the objectives of the company behind XRP differ significantly and do not align with the technological goals of platforms like Cardano or Ethereum. After receiving a

Cardano's Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube
4 months ago 1 min read

Cardano’s Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube

Charles Hoskinson, the founder of Cardano, raised a red flag in a recent X (formerly Twitter) post about the increasing prevalence of AI-driven scams on YouTube. As artificial intelligence technology advances, Hoskinson sees a new frontier for fraudulent activities in the crypto space. He specifically pointed to a deep fake video on YouTube featuring himself promoting a fabricated ADA giveaway. Despite its initially convincing appearance, closer examination revealed the video to be fraudulent. Hoskinson warned that within a year or two, these deep fake videos could reach a level of realism that makes distinguishing them from authentic content difficult. Hoskinson

Cardano's ADA Surges Over $1 Billion in 24-Hour Rally
5 months ago 1 min read

Cardano’s market cap increases by over $1 billion in 24 hours, reaching $15.5 billion

Cardano’s native crypto, ADA, experienced a spectacular surge, with its market cap increasing by more than $1 billion in just 24 hours. The latest buying frenzy has propelled ADA to the eighth-largest cryptocurrency by valuation, cementing its position as a key player in the digital asset space. According to the most recent data, ADA’s overall market cap has risen to an impressive $15.5 billion, indicating a significant influx of capital into the crypto. This increase in market capitalization places ADA among the top cryptocurrencies, demonstrating its resilience and appeal to investors. ADA’s price rose from intraday lows of $0.412 to

GameStop Memes Surges Past Cardano and Polygon in Crypto Race
5 months ago 4 mins read

GameStop Memes Surges Past Cardano and Polygon in Crypto Race

GameStop Memes (GSM) emerges as a sensational disruptor, redefining the essence of digital assets. This intriguing newcomer has taken the market by storm, raising an eye-popping $2 million in a mere 24 hours of its presale, a feat that sets it apart from established giants like Cardano and Polygon. As we delve into this fascinating crypto landscape, GameStop Memes (GSM) stands as a beacon of potential, promising not just gains but a revolution in how we perceive and engage with meme coins. In this article, we’ll explore the unique allure of GSM and how it contrasts with the steady, yet

Cardano Introduces Innovative Tool for Developers with Enhanced Transparency
5 months ago 1 min read

Cardano Unveils Developer-Friendly Tool to Boost Transparency

The Cardano Foundation has made significant strides in improving the developer experience on the Cardano blockchain. They have introduced a new Java-based data provisioning tool designed to simplify data retrieval and indexing for developers working on Cardano applications. This innovative tool, named “Ledger Sync,” is part of the Cardano Foundation’s efforts to create a more developer-friendly ecosystem. The tool will be released as open source, allowing developers and partners to leverage it freely. By enhancing data accessibility and retrieval, Ledger Sync aims to diversify the Cardano developer community. One of the common challenges in blockchain systems is the inefficient retrieval

Cardano has seen over $600 million worth of ADA accumulated within the price range of $0.249 to $0.271
6 months ago 1 min read

Cardano has seen over $600 million worth of ADA accumulated within the price range of $0.249 to $0.271

Cardano (ADA) may not be making big price moves, but it’s certainly making waves in the world of cryptocurrency. Recent data from analytics provider IntoTheBlock reveals that over $600 million worth of ADA has been accumulated in the $0.249 to $0.271 price range. This substantial investment activity suggests that major investors are quietly positioning themselves, expecting a potential breakout. Over the past month, the number of addresses holding between 100,000 and 1 million ADA has grown by 0.87%. More notably, wallets containing over $10 million worth of ADA have surged by an impressive 138.89%. This surge in investment activity from

Cardano Specialist Debunks Fears and Clarifies Midnight Sidechain Concerns
6 months ago 1 min read

Cardano Expert Responds to FUD and Clears Up Misconceptions Regarding Midnight Sidechain

Cardano, the blockchain project led by Charles Hoskinson, has been dealing with persistent concerns and doubts from the crypto community, primarily related to its Midnight project. Midnight is focused on privacy-oriented sidechains, and even though Charles Hoskinson has offered insights into their potential impact, questions and concerns still linger. The key issues revolve around the launch of Midnight’s native coin, DUST, and the identity of the partners working with Input Output Global (IOG) to ensure the sidechain complies with legal regulations. Cardano enthusiast Dan Gambardello has taken it upon himself to address these concerns. In a recent post on the

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