CARDANO
What is Cardano?
Cardano is a fully open-source decentralized public blockchain and cryptocurrency project built by blockchain engineering firm, Input Output (IOHK). The platform maintains operations for its ADA cryptocurrency, and is multilayered, which gives the system the elasticity to be easily maintained and upgraded with a soft fork. Cardano uses a proof-of-stake (PoS) system, which allows for greater scalability and reduces electricity requirements. Cardano is the first blockchain platform to evolve out of a scientific philosophy and takes a research-first driven approach. Cardano describes itself as a third-generation blockchain platform, aiming to significantly improve shortcomings of the first generation, Bitcoin, and the second generation, Ethereum, including smart contracts. Please see below for Cardano news, Cardano ADA price predictions, and more.
Cardano is a fully open-source decentralized public blockchain and cryptocurrency project built by blockchain engineering firm, Input Output (IOHK). The platform maintains operations for its ADA cryptocurrency, and is multilayered, which gives the system the elasticity to be easily maintained and upgraded with a soft fork. Cardano uses a proof-of-stake (PoS) system, which allows for greater scalability and reduces electricity requirements. Cardano is the first blockchain platform to evolve out of a scientific philosophy and takes a research-first driven approach. Cardano describes itself as a third-generation blockchain platform, aiming to significantly improve shortcomings of the first generation, Bitcoin, and the second generation, Ethereum, including smart contracts. Please see below for Cardano news, Cardano ADA price predictions, and more.
Schiff Warns Against Bitcoin ETF Hype as Hoskinson Reacts
Bitcoin critic Peter Schiff warns against Bitcoin ETFs due to limited utility and investment risks, causing Cardano's Charles Hoskinson to respond with humor, highlighting Schiff's early skepticism in 2024.
Cardano ADA Ecosystem Q2 2023: DeFi Growth, Stablecoins, and NFT Trends
Cardano's Q2 2023 report by Messari highlights 34.9% stablecoin growth, DeFi expansion, and NFT trends, with promising developments in scaling solutions.
Tetra Partners with Kiln to Enhance Staking Service Including Ethereum and Solana
Tetra Trust partners with Kiln to expand staking services on major PoS blockchains, including Ethereum and Solana, enhancing digital asset management in Canada.
Cardano ADA Q2 2023: Dapp Transactions Up 49%, TVL Increases 9.7%
Cardano's Q2 2023 report by Messari shows a 49% rise in daily dapp transactions and a 9.7% increase in TVL.
Crypto Trends: Weekly Inflows and Outflows in Altcoins, North American Markets, and Investment Products
Altcoins saw $3M in weekly inflows; North America had $11B outflows. Digital asset products had minor withdrawals of $21M, with Bitcoin trading at $16B.
eToro and Robinhood Modify U.S. Cryptocurrency Offerings Amidst Regulatory Changes
The global cryptocurrency landscape is witnessing significant shifts, with leading trading platforms, eToro and Robinhood, adjusting their U.S. cryptocurrency offerings. Both platforms are responding to the rapidly evolving regulatory environment in the United States, affecting popular cryptocurrencies such as Algorand (ALGO), Decentraland (MANA), Dash (DASH), Polygon (MATIC), Solana (SOL), and Cardano (ADA).
Digital Currency Group Sells Shares in Subsidiary's Crypto Funds
As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.
Cardano's New Algorithmic Stablecoin DJED
ADA, Cardano's native token, backs the algorithmic stablecoin, which is tied 1:1 to the US dollar.
Cardano Nodes Go Offline for Half an Hour
Stake pool operators reported 50% of Cardano nodes disconnecting and restarting due to anomaly. Cardano's fintech business is investigating the anomaly's cause.
Cardano stablecoin shutters following launch delays
Ardana suspended work on Nov. 24, citing "funding and project timeline uncertainty" Ardana Labs will hold leftover money for the open-source initiative. Ardana's DANA tokens lost 99.85% of their value last year.