Layer-2 Cardano “a necessity” as Hoskinson predicts a huge spike in network traffic.
Cardano founder Charles Hoskinson describes Hydra as a “high commercial priority” due to the expected increase in traffic scale in the coming months. Especially in the near term, when projects in Africa start to spread.
He added that research on Hydra is currently ongoing. However, generally speaking, things are getting “closer” to a (version) “1.0”. Hydra is a layer 2 scaling solution that can theoretically deliver speeds up to 1 million transactions per second (TPS).
Speaking from Ethiopia, Hoskinson hosted an AMA at the weekend. As usual, it was filled with a wide variety of topics, including points about the ERC-20 converter and a brief mention of a possible deal in Egypt.
However, of more interest was talk of Hydra, Cardano’s tier 2 solution. Hoskinson said the IOHK team is busy working on it right now. He also said that they are considering recruiting other parties to accelerate its development from a commercial perspective.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Charles Hoskinson, CEO of IOHK and founder of Cardana, visited Africa where he met with business people and politicians to discuss the integration of their blockchain network in Ethiopia.
Hoskinson also visited the Ethiopian Ministry of Education as part of the “Cardano Africa Tour” to explore student credentials with the country’s authorities.
The credential system aimed to reprocess the academic records of 5 million students by adding information such as attendance and grades to the blockchain to collect data and provide a digital identity system.
Hoskinson said this is the first phase of the program. Then the goal is to use this as a springboard to start a national identity system in the country. This will increase the number of users to 110 million.
Cardano is creating excitement on the global stage. According to the Project Management Institute (PMI), the Cardano Atala Prism project in Ethiopia was ranked 14th among the 50 most influential projects in 2021.
PMI has identified the project as a gamechanger that has the potential to improve the educational outcomes of Ethiopian students.
Opposition to the project initially prevailed in government, according to John O’Conner, director of Africa operations. But the government has come to realize that digital identity and blockchain technology are not the burden as originally thought.
O’Conner said the Atala Prism enables governments to fulfill their documentation management responsibilities as they move towards greater digitization.
Cardano crypto Africa
Why does Cardano want to go to Africa? Many people question Cardan’s presence in Africa. However, Hoskinson sees great potential and many possible partnerships in this region.
More precisely, IOHK has commented on this on its blog. The article states that Africa “is by no means faithful to the systems of the past that have not worked well here”. So all the infrastructure is in place when it comes to implementing better and more equitable ways of doing business.
IOHK wants to ride the wave of progress as Africa is clearly gaining more and more space on the global stage.
Other visits as part of “Cardano Africa Tour” As part of the tour, Hoskinson visited Burundi, South Africa and many other countries where he met with presidents and businessmen to discuss the future of their country where digitalization based on blockchain innovation should prevail.
Hoskinson also plans to visit Ghana, Nigeria, Kenya and Egypt.
Cardano crypto Africa
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Binance suspended all bitcoin and crypto withdrawals in the early hours of Monday (01) due to a technical glitch.
The announcement was made at 08:37 on the company’s official Twitter profile. After about 20 minutes, the exchange announced that the situation was back to normal and withdrawals could be made again very soon.
Binance founder Changpeng “CZ” Zhao also said on Twitter that the team is working to resolve the issue and users’ funds are safe.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Cardano (ADA) founder answers questions: ‘Cardano will see a lot of traffic soon. Cardano (ADA) has been quiet for a while. However, this does not mean that the developers behind the project do not stand still! Last weekend, Cardano founder Charles Hoskinson held an Ask Me Anything (AMA) session on YouTube. He answered a series of interesting questions from the community in it.
One of the questions was about the Plutus Application Backend (PAB). This is a platform where developers can develop and maintain smart contracts more easily. According to Hoskinson, PAB is expected to launch this month. According to him, this could suddenly put huge pressure on the network as many developers will start working.
This led Hoskinson to the next big development, namely Hydra. Hydra is a scaling solution that dramatically increases the number of possible transactions per second on Cardano. Hoskinson explains that enabling sidechains will allow the launch of special-purpose chains, an important step: “It will be able to (soon) offload most of the transaction traffic from all future applications. With PAB coming online, Cardano is dealing with massive amounts of traffic. Hydra is a necessity for this…”
Also, the founder discussed the fear, uncertainty, and doubt (FUD) that has existed for some time. Cardano is accused of being able to process too few transactions and having a block size that is too small. For example, increasing the block size does not mean that larger smart contracts can be developed. But that’s not true: “It’s a lie… If you increase the amount of raw storage the block has, of course there can be more scripts in that block.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Fraudsters impersonating Tesla CEO Elon Musk were found to have stolen $62,654 worth of Bitcoin from a victim. Cryptocurrency monitoring service Whale Alert reported the theft.
Users who impersonate a famous name often ask users to send cryptocurrencies with YouTube ads, promising to get double the refund in return.
Among the people these scammers love to impersonate the most are Elon Musk, who is very popular in the cryptocurrency market, Vitalik Buterin, the founder of Ethereum, and Charles Hoskinson, the founder of Cardano.
source: investing.com
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Cadalabs, CALA Token Phase 2, CALA Token Pre-sale in progress
The Cadalabs team would like to thank their supporters for the unwavering support they have received since the project was announced to the public. As we have successfully completed the first phase of the pre-sale, we are officially announcing the start of the second phase right away.
We congratulate all our investors who trust us with their hard-earned money and ask you to continue to support our growth and development.
Finally, we are announcing that the distribution of Cala tokens to tier 1 participants begins immediately, as Phase 1 ends on November 1, 2021.
CALA Tokens Stage 2 Pre-Sale Procedure
Cadalabs will have a total of 10 million CALA tokens for sale at this stage at a very affordable price of 0.25 ADA per token. The minimum tokens you can buy is 300 ADA and the maximum tokens that can be purchased is 15000 ADA.
This is to allow anyone to actively participate in the Cadalabs token during this Pre-Sale phase before it enters the Exchanges after the pre-sale. In addition, there will be an extra bonus reward for tokens purchased at each stage. Pre-Sale phase 2 has a 5% bonus for three days from November 1st to November 3.
Cadalabs is also preparing to launch the Cadalabs NFT Marketplace at the end of the pre-sale exercise to show the community a working business plan.
Characteristics of the Cadalabs Ecosystem
Created for digital creators: CADALAB builds a bridge between traditional art creators and Blockchain technology.
Ease of use: the CADALAB ecosystem allows any creative person to It will be completely user friendly so that it can create and sell its NFT * CADALAB DEX: Decentralized automatic exchange designed between any currency.
Stake & Earn (coming soon): With CADALAB, users will also be able to stake and earn rewards.
Optimized for Scalability: The Cadalabs Ecosystem will be simple and transparent, providing users with security at all times.
Cadalabs Native Symbol (CALA) Utility
Tokens will be available in staked and unstacked forms. Staked tokens will provide users with platform functionality.
By empowering the Democratic Autonomous Platform (DAP), it enables users to participate in corporate decisions and shape the product roadmap.
Allow owners to purchase physical and virtual goods, content and services in a decentralized marketplace.
Reward digital content creators who produce measurable value, determined by community consensus.
Share ad revenue with users who choose to see ads. By buying more coins, users can earn a larger portion of the revenue they generate.
CADALABS Pre-Sale Contributor Benefits
Cadalabs pre-sale participants will receive a special badge attached to their username on the Cadalabs Platform. First movers’ plans have been made, and this advantage is essential when it comes to social networks, and the project team is working hard to see investors participating in the pre-sale stand out as early adopters. The badges mentioned earlier will be used as verification badges; this will make it easier to spot early investors and ultimately build a better reputation on the Cadalabs platform.
Cadalabs investors participating in the pre-sale are Cadalabs market makers and liquidity providers, they are eligible to receive liquidity incentives from every transaction made on the Cadalabs platform.
Cadalabs pre-sale investors will enjoy the privilege of being the first group of users to experience the amazing Beta platform that is nearing completion.
How to Participate in Stage 2 – Pre-Sale of CALA Tokens
The CALA Token Pre-Sale continues for interested investors and the public to buy and become early Adopters: https://cadalabs.io/presale/
About Kadalabs
CADALABS is a community-driven NFT DeFi platform that creates an NFT Mint Dapp on the Cardano Network to enable digital art collectors to print their works NFT and connect with vendors to trade seamlessly in the future.
The CADALAB team developed the utility token $CALA Token, which enables the community to engage in governance issues. Also, by holding the CALA token, users can manage creators, vote on proposals, share their tokens to earn and curate featured artworks. The CADALAB protocol aims to further enter the token industry and in the process help digital content creators, artists and art collectors meet on a digital platform.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Here, we look back on a transformative year for Cardano. This year, we welcomed staking and delegation through Shelley. This began Cardano’s transition from a federated to a truly decentralized blockchain protocol. 2020 has also been a year marked by great success within the Cardano Foundation. This included the rapid expansion of our talent portfolio and progress across all of our missions.
In this video, 21 voices from the Cardano Foundation share their insight into the highlights, milestones, and development progress made throughout 2020. We also look at what is just over the horizon during 2021. Recorded remotely by our globally distributed team, we hope this video lets you explore how the Cardano blockchain connects us all. Read more about our 2020 successes: https://forum.cardano.org/t/2020-in-r…
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Summit Panel: Discussion on security on Cardano, forensic analysis, and industry trends. Panelists talk about the Bug Bounty Program, secure code, and audits.
Panelists: Mel McCann, Head of Technical Integrations at Cardano Foundation Charles Morgan, Head of Cybersecurity at IOHK Dr. Mircea Mihaescu, CEO at Coinfirm
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Every month, we’re bringing you all the latest from the Cardano universe with Cardano360. Here you will see the freshest news & feature content from across the ecosystem.
Join your regular host Tim Harrison, along with guests from across the ecosystem with all the latest updates and deeper dives into the Cardano universe.
Timestamps: 00:00:18 Welcome to October’s Cardano360 00:00:58 Highlights from the Cardano Summit 2021 00:10:20 Community update and the Plutus Capstone event 00:34:34 Project Catalyst update with Dor Garbash 00:43:05 Quick snippet from the mid-month update with the Plutus development team 00:47:57 Launching a decentralized exchange on Cardano with SundaeSwap 00:59:22 Important announcements and a look at the IO blog 01:00:40 Sneak peak at a conversation between Charles Hoskinson and Paul Oakenfold 01:03:11 Closing remarks
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
Cardano and electronic music come together with a conversation between Charles Hoskinson and dance music pioneer Paul Oakenfold. Both movements arose through a combination of technology, creativity, and community. Now two industry leaders explore the opportunities for collaboration which find new ways of supporting artists while bringing audiences together around the world.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.
