Cardano

Cardano has been a big talk in the crypto world. As one of the major altcoins out there, it is billed as one of the few cryptocurrencies that stand a chance at challenging the dominance of Bitcoin. Bitcoin always enjoys the first mover's advantage, especially since it is by far the largest crypto by market cap. Hence, other upstarts are therefore required to table something better to stand out, or else they may not make sense in the market cap. …

IOHK CEO Charles Hoskinson declared on Twitter that there would be hundreds of assets, thousands of dApps, and several exciting projects in addition to the proof-of-stake blockchain. Hoskinson commented to Twitter to shut down critics who recently pounced on his poorly aged tweet last year. Ethereum holders and other Cardano skeptics claim none of this transpired, with only two weeks remaining to deliver on the goals. Hoskinson notes there are already "thousands" of assets on Cardano in response to the…

Termed an Ethereum killer, Cardano is a proof-of-stake (PoS) blockchain platform that integrates pioneering technologies to offer uncompromised security and sustainability to decentralized applications, systems, and communities.  Cardano claims that it's the only blockchain project to be founded on the grounds of scientific peer-reviewed research and developed via evidence-based methods. Furthermore, the Cardano network is powered by ADA cryptocurrency, dubbed the only crypto employing a scientific philosophy and research-driven approach.  Cardano's founder Charles Hoskinson claims that cryptocurrencies, including Cardano, are…

The much-awaited milestone on the Cardano network is finally here. According to the June updates, Tim Harrison, the marketing director of IOHK, confirmed that the first smart contracts of Cardano's testnet Alonzo are finally up and running. Cardano Smart Contracts The basis of programmable smart contracts in the Cardano network is Alonzo Blue. Alonzo is deployed on the mainnet via multiple testnet so that their partners and pioneers can check Plutus Core during May and June before code freezes by…

Input-Output Hong Kong, one of the companies behind the Cardano blockchain, has unveiled its plan for the rollout of its new smart contract platform on May 27. Alonzo will be implemented in September 2021 as the next step in a series of upgrades to the blockchain. It is a hard fork that consists of a series of color-coded testnets. IOG has started the Alonzo Blue test, which will bring new features like smart contracts on the Cardano network and a…

Staking is one of the most profitable crypto investment options available today. Primarily, it involves collateralizing some crypto assets in wallets or exchanges and awaiting rewards. But, of course, there are many platforms for staking and profit maximization. However, for staking to be effective, the investor should make the right decisions about many things. Foremost, the choice of platform, an exchange or wallet, and the policies instituted. Second, the investor should select the best coin to stake from the many…

According to the Cardano Foundation, its network has finally achieved a critical milestone of 1 million ADA wallets. The escalation in the number of wallets on the Cardano network can be attributed to the recent upgrade that introduced smart contract functionality. ADA was among the best-performing cryptos before the market tanked last week. The cryptocurrency made successive highs as it spiked above $2.00 en-route to new highs of almost $2.40. ADA's price has risen more than 1,000 percent this year,…

The definition of scalability differs depending on the area of applications in websites, applications, or blockchain development. Scalability, or ability to scale, is a blockchain's capability to grow and support the increasing number of activities. Commonly, the concept of scalability relates directly to the speed, throughput, and ability to host increasing amounts of transactions with time. Most blockchain networks using the proof of work consensus algorithms offer transactions at a speed of 10tps. However, if crypto is globally adopted, it…

The Covid 19 pandemic made 2020 one of the most challenging years on record. Businesses were brought to their knees, forcing massive government bailouts through currency printing. Everyone wants to get back on their feet, especially now that vaccine rollouts are increasing. A good investment with fast short-term gains may be just what you may need to stay afloat. The recent rebound by many cryptos offers hope regarding making such gains. As such, various exciting crypto projects could be delivering…