The Cardano Foundation has long been promoting land restoration and tree planting using the Cardano (ADA) Foundation native token against global warming, climate change and deforestation. A weekend release by the Cardano Foundation says the trees planted have reached one million acres. These works of the Cardano Foundation, we can call the Greenest Blockchain Cardano (ADA).
We know that Cardano (ADA) will continue to work on climate. Signed an agreement with Veritree for reforestation efforts for nature conservation. The verification details of all planted afforestation transactions are recorded on the Cardano blockchain for transparency and reliability.
Cardano (ADA) and Veritree: “Veritree is a climate improvement platform that uses blockchain technology to record and track tree plantings for customers. The platform operates a “Cardano Forest” where users can donate Cardano (ADA) tokens in exchange for a limited number of TREE tokens. Veritree plants a tree for each exchanged ADA. These TREE tokens can be used for NFT digital art and digital trees.”
All tree verification details are recorded on the Cardano blockchain for transparency and reliability.
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.
The first three phases of the Cardano roadmap, Byron, Shelley, and Goguen are now mostly deployed, enabling diverse ecosystem engagement and network growth. Major developments include full decentralization of block generation and full application coverage in Cardano, including data storage, asset creation and smart contract capabilities. Next year will take us first to Basho and then to Voltaire. Basho’s focus will be on scaling the network to billions of enterprise-level transactions, while Voltaire will focus on increased governance on the chain.
But before we look further, let’s take a look at our achievements and progress in 2021, a year of continued growth, technical innovation, community expansion and partnerships.
Reaching new milestones on the Cardano blockchain Throughout 2021, the Cardano ecosystem has reached several key milestones. These milestones have helped drive blockchain adoption and ultimately expanded our community to record numbers. Two areas in particular have made progress towards on-chain adoption and use:
Addition of Native Tokens – This new feature was enabled in March, Cardano allows trading and creation of multiple assets. As a third generation blockchain, Cardano has a unique design to have a multi-asset ledger.
Why is this important? – Cardano users can directly generate private tokens and execute transactions directly without the need for smart contracts. This offers distinct advantages for developers as it is a unified process for asset creation and management. For example, since the ledger handles all token-related functions, there is no need to create smart contracts to handle custom tokens, thus eliminating the added layer of complexity and the possibility of manual errors.
Smart Contract Capability – Alonzo Hard Fork brought programmability to Cardano in September 2021. It enabled the creation and deployment of Plutus-powered smart contracts, enabling us to prepare for our next technical era, Basho.
Why is this important? – It is now possible for developers to build decentralized applications (DApps) and decentralized finance (DeFi) use cases on the Cardano blockchain. This opened up the ecosystem to more opportunities for on-chain use.
These developments have led to rapid growth on the chain, for example we exceeded 23 million transactions in December! Community aggregators of Cardano projects estimate that there are about 274 projects currently in development or actively working on the network. These projects span a number of different industries, from insurance, payments, lending and borrowing to wallets, stablecoins, decentralized finance and decentralized exchanges.
Additionally, Cardano currently has more than 2.5 million native assets, of which more than 2 million are Fungible Tokens (NFTs).
There are many other success moments, some of which we highlight in the timeline below.
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.
At the Cardano Foundation, we want to empower the architects of the future. What better way to do this than by partnering with an organization that celebrates young leaders making a difference.
Our latest partner, Eco-Age, is a pioneering sustainability consulting agency spearheading the Renaissance Awards. Hosting the opening ceremony this October, the awards were split into four categories: environmentally reparative, socially equitable, economically inclusive, and technologically balanced. The recipients of the Renaissance Awards are activists from around the world who take action and proactively create solutions for the future we need. As part of the Renaissance Awards, Eco-Age decided to replace the physical figurines of mainstream award shows with non-replaceable tokens (NFTs) and chose Cardano’s blockchain for this innovative move.
Chosen by Eco-Age for its low-energy Proof of Stake consensus mechanism, Cardano blockchain was used to print 13 unique digital artworks. The digital art is based on five famous artworks by 16th-century artists, including Agnolo Bronzino, Giorgio Vasari and Cristofano Gherardi in Florence’s Palazzo Vecchio. As an added nod to a circular more sustainable economy, if a prize winner decides to sell their NFT, they will receive 100% of the profits, and a Cardano proof-of-stake smart contract will enable them to receive 50% of royalties from each future resale of Tokhun. . Marketplace forever.
Livia Firth, creative director and co-founder of Eco-Age, said: “Recipients of these groundbreaking awards will have the potential to benefit not just from one sale, but from every sale of future Renaissance Awards NFTs – now think about what. can help fund their work to make our world a healthier and happier place.
In the sixteenth century, young Renaissance artists transformed society and shaped the modern world. Today, once again, we see new young leaders delivering both social and environmental justice. We wanted to get to know these entrepreneurs and campaigners with more than just a trophy. By creating NFTs from Renaissance masterpieces, we show how the blockchain industry can be used to promote social good.”
Cardano Foundation CEO, Frederik Gregaard, concluded: “At the Cardano Foundation, we want to empower the architects of the future. The Renaissance Awards do just that, recognizing the incredible achievements of young activists with this unique NFT award. There’s so much potential in NFTs and we’re currently seeing exploration of what’s possible. It is extraordinary to think that the work of the Renaissance masters supported the rising activists through the youth activism renaissance.”
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.
Talking to Cardano Foundation CEO Frederik Gregaard about Cardano Forrest and the future of CF – video
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.
