Tag Archives: Cardano News

CARDANO NEWS

Cardano Foundation Disclosure; 2021: A year of incredible growth

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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.

Read More: Source

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 NEWS

Cardano Foundation Partners with Eco-Age, Celebrates Future Architects

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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.”

Source: cardanofoundation

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 NEWS

Charles Hoskinson, Blockchain projects she is working on will use billions of people in the future

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Cardano founder Charles Hoskinson wrote in his blog post that the Blockchain projects he is working on will be “as common as the internet and used by billions of people” in the future.

Charles Hoskinson wrote in his blog, “Our view is that these protocols will be as common as the internet and used by billions of people. This scale of adoption will take years to decades, not weeks to months, and it won’t be a meme project. It’s the long game that counts, after all. “

The number of addresses on the Cardano network staking ADA has grown to exceed one million even during the downturn in the cryptocurrency market that saw the domain lose over $400 billion in market cap.

Earlier this month, the network hit a milestone after processing 20 million transactions. Meanwhile, Hoskinson’s company Input Output Hong Kong (IOHK) is already preparing for future attacks on the Cardano network by quantum-powered opponents.

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 NEWS

Will Cardano price rise again?

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Cardano (ADA) recently broke the price above the bear market angle on the inverted dot and shape chart. The Cardano price breaking above the bear market indicates that the Cardano bulls are now in control.

“Theoretical long trade for Cardano price is a buy limit order between $1.32 and $1.26, a stop loss at $1.18 and a profit target at $2.00,” expert analysts said in their analysis. Of course, it is necessary to act by considering all possibilities. The closure of countries or the spread of the disease due to Covid affects everything.

ADA/USD $0.02/3-box Reversal Point and Figure Chart (fxstreet)

We know that Cardano has a strong structure, and we are sure that it will make all Cardano lovers happy in the future.

FXStreet’s analysts

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 NEWS

Cardano (ADA) is down again, why price won’t go up

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Cardano (ADA), which we follow closely, is not bullish. In the analysis, it is seen that there is a slight decrease. Why Cardano (ADA), which many people have been waiting patiently for and wants to rise, cannot rise.

Yesterday, the resistance point for Cardano ADA/USD was located at $1.34. The support was at $1.26, Today it declined again as low as $1.23. The negative side of Cardano price analysis continues to annoy Cardano lovers as time goes on.

The decline of cryptocurrencies for a few days has brought Cardano (ADA) prices down quickly. Cardano founder and CEO, other executives must now do something positive. New deals are being made in Africa, but why are prices still falling? Cardano (ADA) investor now wants answers.

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 NEWS, IOHK

Cardano launches AGIX ERC20 converter testnet

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In the announcement made on December 7, it was reported that the AGIX ERC20 converter now launches in testnet mode. ERC20 tokens can be converted to the new format and transferred to EMURGO’s Yoroi or Input Output’s Daedalus.

Working initially with SingularityNET and their AGIX token, Cardano shared how it would support ERC20 token migration from Ethereum. Today AGIX announced that its ERC20 converter testnet is live and ready for community evaluation.

SingularityNET is the first partner to this initiative. Transformer is an important step in our shared journey towards a much deeper collaboration with the SingularityNET community.

For detailed information on exactly how the AGIX ERC20 converter tool works, go here.

source: iohk.io

CARDANO NEWS

Cardano ADA active addresses increased by 200 percent

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The number of active addresses on the Cardano (ADA) network increased by 200% in November 2021. The number of correct active addresses this month was 485,000. The number of ADA active addresses has reached its peak. At the beginning of November, there were around 161,000 active addresses.

Cardano network token ADA successfully rolled out the Alonzo update this year. The price had increased significantly before the Alonzo update arrived, but the expected performance unfortunately did not. Despite the decrease in ADA price, the increase in the number of active addresses shows the confidence in ADA.

Although the ADA price has dropped, Cardano’s future looks pretty bright. Developments regarding DeFi in Cardano continue unabated. Ardadex is the first DEX and NFT marketplace in Cardano, and a new stablecoin is released on the COTI network. The new loan protocol ADALend is expected to be an important part of the ecosystem.

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 NEWS

How Much Can Cardano ADA Coin Price Rise?

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Cardano ADA Coin is a cryptocurrency known to everyone. Everyone is waiting for the ADA cryptocurrency to experience an increase. But it is progressing much slower than expected. But although Ada coin is slow, it is predicted by experts that it will experience a serious increase.

Cardano ADA Coin gave bullish signals last week. It was a development that made island investors happy. According to crypto experts, the steady progress of the Cardano ADA coin price rally shows that it is on the right track. But let’s not forget that it has experienced a decline again in the last few days.

After Cardano’s top price reached $3.10 USD, it started to decline. According to FXStreet analysts; this altcoin will have a big pump after nine weeks of consolidation.

Of course, it is very difficult to predict the exact price of Cardano. A rise is expected when the island crypto currency rises above $ 2.50. According to experts, Cardano price shows a Downtrend on a Medium Term basis and an almost Neutral trend in the Long Term as well as the Short Term.

The prediction of Wallet Investor is as follows, the ADA price is showing bullish signals, on average, by the end of 2021, the price may rise to $ 2,483. The website also says that the price could be around $4,837 by the end of the next year, 2022.

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 NEWS

ADALend Announcement: Upcoming Cross-Platform Development

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ADALend, which is currently in the process of developing a decentralized finance (DeFi) project, has announced plans to begin development of its cross-platform integrations very soon.

Cross-platform integrations will simplify and enable access to decentralized financial services by a broader segment of users worldwide.

Javed Khattak, Managing Director of ADALend, previously announced that ADALend will work on the user experience and simplicity of the UI and platform, providing less barriers to entry for traditional users to get involved in decentralized finance.

Source: www.adalend.finance

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 NEWS

Ravendex, the First Decentralized Exchange Built on the Cardano Blockchain

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The FIRST Non-custodial Decentralized Exchange Built by Ravendex on the Cardano Blockchain. decentralized exchanges facilitate trade between individuals through smart contracts. Similar exchanges exist in different blockchains.

There are several successful DEXs, including PancakeSwap on Binance Smart Chain, Curve on Ethereum, and Uniswap. RavenDex is another unique platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features such as splitting liquidity.

Ravendex is a platform built on the Cardano Blockchain. It is a cross-chain exchange that operates using the EUTXO accounting model with unique features such as splitting liquidity.

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.