Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Alonzo Hardfork
TA: ADA Looks Ready for a Major Run
The Cardano (ADA) blockchain has been in the minds of many crypto investors recently. This is thanks to the successful launch of its Alonzo blockchain. Now that Alonzo is live and ready to roll, Cardano's developers - Input Output Hong Kong (IOHK) and the Cardano Foundation have been making significant moves to boost its profile. These efforts are starting to yield fruit, much to the benefit of ADA investors. A Background to the Alonzo Upgrade Alonzo is central to Cardano's…
4 years ago
Charles Hoskinson Re-confirms Launching of Smart Contract Support On September 12th
On September 7th, Charles Hoskinson re-confirmed IOHK's tweet on submitting a proposal for the smart contract launch. Hoskinson confirmed that Cardano's smart contracts program will go live on September 12th. The proposal should trigger the Cardano network Alonzo Hard Fork event on Sunday. Smart Contract Support Coming Soon On Tuesday, IOHK and Charles Hoskinson announced that they already submitted a proposal to trigger the smart contract launch. IOHK has been famous for the developments of the Cardano network for several years. Cardano has had…
4 years ago
Cardano Alonzo Hardfork is Still on Schedule, Says IOHK’s CEO
In his latest vlog, IOHK's CEO Charles Hoskinson announces the upcoming Alonzo hard fork is still on schedule. Meanwhile, the ADA token is rallying at $2.83, almost 12% in gains over the past week. The team behind the hard fork is already preparing for the public Alonzo testnet. IOHK is confident that the final product will go live on September 1. Alonzo Upgrade and Smart Contracts Cardano has been around since 2015. It uses proof of stake to validate transactions.…
4 years ago
IOHK Submits Proposal for Final Alonzo Purple Upgrades
Earlier today, Input Output Hong Kong submitted a proposal for an upgrade to the Cardano testnet. The proposal sets out to complete the steps towards the Alonzo hard fork. Moreover, the Alonzo era is significant progress for the chain as it will support smart contracts on Cardano. According to a Twitter thread by IOHK, this upgrade will happen within the next few hours. Furthermore, the network will instigate the hard fork combinator, marking the final stages for the Cardano mainnet…
4 years ago
What Cardano Users Should Expect After the Completion of Alonzo Hardfork
Cardano is one of the most popular, trusted blockchain networks promising to provide decentralized finance services. The network launched in 2015 and has provided a very successful coin that has attracted millions of users globally. The Cardano coin (ADA) has a current unit price of $1.5 and a market cap of about $50 billion. So there's no doubt that the coin has high value and could be an excellent investment prospect. However, since its launch, the Cardano network has been…
4 years ago