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.
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.
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.
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 founder said that hydra will handle future traffic on Cardano Blockchain. In the most recent “Ask me anything” session, Charles Hoskinson shared his upcoming development work on the Cardano Blockchain network.
Charles Hoskinson, CEO of IOHK Global team & founder of Cardano, revealed on YouTube in the last AMA session. However, he did not live from his native Colorado. He aired the AMA session directly from Ethiopia as he was in Ethiopia as part of the Cardano Africa Tour.
Through the live session, Charles Hoskinson shared information about the many development work in Cardano, especially the necessity of Hydra for Cardano.
Above all, he appreciated the enabled “ERC-20 converter tool” bridge between Ethereum and Cardano to enable ERC-20 token users to take advantage of transacting on Cardano Blockchain with very low fees.
In addition, Charles Hoskinson said that the large crypto adoption traffic of transactions is increasing rapidly and will be at a high level in the future. The latest Alonzo upgrade that enables Hydra is a huge need for the Cardano blockchain.
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.
To learn even more about certification levels, and meet some of the partners on the program, make sure you watch the certification session from the Cardano summit.
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.
Burundi: Visit of HOSKINSON Charles, co-creator of ETHEREUM and creator of CARDANO – ADA. Head of Burundi HE NDAYISHIMIYE Evariste (Major General), co-creator of ETHEREUM (2nd most important decentralized cryptocurrency after BITCOIN) and his team received a visit with Mr. HOSKINSON Charles and creator of the ADA digital currency. To be an internal cryptocurrency of CARDANO (Swiss-based Multinational, 60 billion USD Capital). Explaining that he wants to help Burundi digitize its public service; Empowering Barundi women and youth; and financing Burundi small and medium enterprises.
Cryptocurrency is a currency linked to a financial practice born in the wake of the global financial crisis – the banking crisis – in 2008. Ultra-capitalist neoliberals are infuriated to lose a lot of money with traditional capitalism subordinated to the Central Bank (the bank of all central banks based in Switzerland). ), they have now decided to lend money to each other, bypassing the Bank. Thus, Bitcoin and many other digital currencies will be born. In short, individuals fund each other with digital currency using blockchain, the revolutionary technology of a digital ledger, to establish trust.
Ingoma Y’Uburund i, a millennial African kingdom traditionally finances itself with production run by Bahutu Barundi [http://bdiagnews.com/hutu]. Ingoma Y’Uburundi doesn’t need banks. As the pillar of the capitalist project (see Colonization, Slavery) linked to the market economy, the introduction of the Bank began under Belgian colonization in Burundi in 1960, 2 years after independence. It became the Bank of the Kingdom of Burundi (BRB) in 1964 and ended with the Bank of the Republic of Burundi (BRB). As the bank was incompatible with the existence of Bahutu Barundi in 1972, the latter suffered a genocide: the 1972 genocide against the Burundi Bahutu [http://bdiagnews.com/genocide.htm ; https://bdiagnews.com/genocide-contre-les-hutu-du-burundi-en-1972/ ]. Produced by the neocolonial ALLIANCE (USA, VATICAN, France, Belgium and BAHIMA BARUNDI).
From colonization (crime against humanity) to the present, the financing of Burundi’s planning (all national policies) is carried out through BRB Bank, which is affiliated to the Swiss-based Central Bank.
HOSKINSON Charles, the American ultra-capitalist neoliberal, wants to offer Barundi an alternative to BRB using the open-source blockchain CARDAN and the digital currency (or cryptocurrency) ADA. But this digital currency requires Burundi to reach the electric and internet industrial revolutions. Which is not like that. Except for a privileged Barundi class, of course…
source: https://burundi-agnews.org/
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.
ADALend has been included in the “Essential Cardano list” by IOHK. It has listed ADALend, which consists of projects considered as part of the ecosystem that provides and supports products and services to Cardano users, in its Essential Cardano List.
The “Essential Cardano List” provides an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation and Emurgo resources, as well as community-created materials and a list of available share pools.
The inclusion of ADALend in the list is a milestone for the project and its plans to broadcast consumer awareness about the project and its features.
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.
