Cardano Archives - Page 4 of 5

ADA Whales Stated “Cardano Aiming To Build Out Its Own Version Of What A Crypto Should Be” While Revealing The Reason Cardano Faces Criticism

31Jul

By Cryptolifedigital2 Comments

Cardano

ADA Whales Stated “Cardano Aiming To Build Out Its Own Version Of What A Crypto Should Be” While Revealing The Reason Cardano Faces Criticism

The criticism and sidelining that Cardano is facing in the crypto sphere is well-known as some even call the coin a ghost. Recently reported as the IOG CEO gave a concise reply to the Bitcoin maximalists due to tagging the coin a “security”. With all the above-mentioned, the ADA whales were not moved but rather revealed why Cardano was not accepted like Ethereum and Bitcoin by most platforms like Gemini and Robinhood. https://twitter.com/cardano_whale/status/1553639633128493057 The whales stated, "Cardano remains a major crypto culture, aiming to build out its version of what a crypto should be". https://twitter.com/cardano_whale/status/1552525931675353088 The whales added, that the reasons for the exclusion of ADA are complex but nevertheless it only strengthens the co...

Hard Fork Is Postponed Again To Give Room For Engineers To Carry Out More Test On It, No Precise Date For Deployment Yet

29Jul

By Cryptolifedigital3 Comments

Cardano

Hard Fork Is Postponed Again To Give Room For Engineers To Carry Out More Test On It, No Precise Date For Deployment Yet

The long-awaited Vasil hard fork which has been postponed a couple of times due the important reasons which cannot be handled lightly has once more been postponed. The Hard fork that was slated for the end of July 2022 has been postponed without specifying how many weeks will be needed for further testing as stated by the developers. Recall, that the hard fork was supposed to have reached the mainnet as far back as June but due to the maintenance and the series of testing that needed to be run on it and necessary bugs that needed to be tested, the upgrades were postponed to this time. The proposal was submitted a few weeks ago and after, the Hard fork run successfully on the testnet in early July which lead to the allocation of about 4 weeks for the SPOs community to carry out a thorou...

WingRider, a Decentralized Exchange Built On The Cardano Blockchain Network Now Partners With AADA Finance: See The Detail

27Jul

By Cryptolifedigital2 Comments

Cardano

WingRider, a Decentralized Exchange Built On The Cardano Blockchain Network Now Partners With AADA Finance: See The Detail

The partnership of the WingRider, a decentralized exchange built on the Cardano blockchain network, and AADA Finance, a lending protocol that runs on the same Cardano chain but is backed by NFTs was made known on their official Twitter handle. https://twitter.com/wingriderscom/status/1552019032974528518 As a result of the collaboration, the users can now swap their collateral to ADA if loan liquidation is initiated. Facts About The WingRider It is good to know that the WingRider is the largest decentralized exchange on Cardano with a $52 million total value locked. The mode of operation is also explained in a graphic video attached with the updates and it explains as follows: There are two ends in the operation and the centerOn one end, there is a Rider representing the W...

Cardano Network Has Been Running For Almost 5 years uninterruptedly Despite The Extremely High Load

24Jul

By CryptolifedigitalNo Comments

Cardano

Cardano Network Has Been Running For Almost 5 years uninterruptedly Despite The Extremely High Load

Interestingly, Cardano has once again displayed its authority as one of the most stable and balanced networks as far as the crypto firm is concerned. The blockchain is jubilating for the big milestone as it operates without a single moment of outage or interruption. As stated by the Cardano blockchain explorer, for almost 5 years now the company has been running uninterruptedly despite the extremely high load such as the one it experiences far back as 2021 when the network launched its smart contract technology. Read Also: Coins.ph, The First Cryptocurrency Exchange In Asia To Hold Both Virtual Currency and Electronic Money Issuer Licenses From A Central Bank Now Lists Shiba Inu Read Also: Utel University Now Accepts Shiba Inu And Few Other Cryptocurrencies As Mode Of Payment Thr...

The Cardano’s Algorithm Stablecoin, Djed Sees Multiple Partnerships Ahead Of The Vasil Hard Fork.

22Jul

By Cryptolifedigital1 Comment

Cardano

The Cardano’s Algorithm Stablecoin, Djed Sees Multiple Partnerships Ahead Of The Vasil Hard Fork.

As the Vasil Hard Fork is fast approaching as well as the Djed moving towards the mainnet, the Cardano’s algorithm stablecoin, Djed has seen 35 fresh partnerships. The completion of the Vasil Hard Fork and the end of the final audit may be an indication of the deployment of Djed on the mainnet says the Djed team. As reported by Cryptolifedigital, the Hard Fork is awaited in the final week of July and as stated by the Djed team, this upgrade will make provision for the scalability needed to run Djed on the mainnet successfully. https://twitter.com/COTInetwork/status/1549378810621165570 According to a tweet on 19th July, the partnership of the Djed and Astarter, a DeFi infrastructure hub on Cardano was made known. This implies that Astarter will be using Djed to add native Car...

Charles Hoskinson Responds To The View Of Michael Saylor On Cardano.

16Jul

By Cryptolifedigital3 Comments

Cardano

Charles Hoskinson Responds To The View Of Michael Saylor On Cardano.

The CEO of Cardano, Charles Hoskinson seemed to have quieted to the speech of the CEO of MicroStrategy on Ethereum, Cardano, and a few other altcoins. Michael Saylor, MicroStrategy CEO tagged Cardano as a security in the video discussion he had with Altcoin Daily a few days ago. He dwelled much on what made Bitcoin a commodity is the fact it need not undergo any hard fork as it happens in Cardano and Ethereum. Read Also: Shiba Inu Team Follows The result from Doggy DAO On The BONE Farms Proposal By Adjusting Minting To 1 BONE Per Block Responding to that today, Cardano CEO went live on YouTube tagged "Ask Me Anything" session”. He shared his thought on Michael Saylor, by comparing him to Tone Vayes in the current period the crypto market is undergoing, he went forth ...

Iagon Adopts Djed As A Storage Exchange Payment Method With Support Of COTI

15Jul

By Cryptolifedigital1 Comment

Cardano

Iagon Adopts Djed As A Storage Exchange Payment Method With Support Of COTI

COTI has been absorbed into another partnership with Iagon. Djed is a collateralized algorithm stablecoin and will be adopted as a storage exchange payment method on Iagon’s shared storage economy platform due to this partnership. https://twitter.com/COTInetwork/status/1547205071007617025 Djed has previously partnered with the MuesliSwap, which will soon become the first Hybrid DEX on Cardano. The partnership made Djed available on the MuesliSwap trade. Read Also: Ethereum’s Ninth Shadow Fork Go live In Preparation For The Main Merge The partnership of Djed with MuesliSwap will make permit the MuesliSwap to pair the Djed with other coins on their DEX thus making it possible for the liquidity to be provided through Djed trading pools on MuesliSwap and for the users to generat...

KtorZ, A Technical Director Of Open-Source Development At The Cardano Foundation, Gave A Reassuring Statement On the Upcoming Vasil HFC Event

14Jul

By Cryptolifedigital2 Comments

Cardano

KtorZ, A Technical Director Of Open-Source Development At The Cardano Foundation, Gave A Reassuring Statement On the Upcoming Vasil HFC Event

Like everyone knows that the news most expected in the Cardano community asides from every other is the Hard Fork on the mainnet. The project was to be launched long before now but due to one or two delays, making sure that the necessary nodes are tested. On July 3rd, the Hard Fork came on the testnet which gave a more clear view of the major launch on the mainnet. The proposal was submitted some days ago, which allowed the developers and the SPOs community to run tests on it before showing it on the mainnet. Read Also: Canadian Exchange Biconomy Global Lists BONE/USDT Pair And BONE Trading Volume Spikes 83.25% In Less Than 24 Hours A technical director of open-source development at the Cardano Foundation, KtorZ, brought a reassuring statement to his Twitter page in response to w...

Cardano Developer Ecosystem Survey Introduced By The Cardano Foundation Now Live. Its First Edition To End In Two Weeks’ Time

13Jul

By CryptolifedigitalNo Comments

Cardano

Cardano Developer Ecosystem Survey Introduced By The Cardano Foundation Now Live. Its First Edition To End In Two Weeks’ Time

The first edition of the Cardano Developer Ecosystem Survey introduced by the Cardano Foundation has gone live today and it is slated to open for just 2 weeks and end by July 26th. It is created to allow the community participates fully. Read Also; Ducati Motor Enters Web3 Space In Partnership With NFT PRO™ And Ripple The Foundation urges interested persons to take 10 to 15 minutes to participate in the survey here. Why the Survey? To build a strong and more effective blockchain project or systemTo collect feedback directly from the community for the Foundation to gain full knowledge of the developers’ needs.It plays the function of revealing to Cardano developers and the entire community various standing projects that have been overlooked.It helps the Cardano Found...

Cardano’s Smart Contracts To Hit 3,000 And The IOG Team Posted A Video That Explains The Essence Of EVM Sidechain On Cardano

12Jul

By CryptolifedigitalNo Comments

Cardano

Cardano’s Smart Contracts To Hit 3,000 And The IOG Team Posted A Video That Explains The Essence Of EVM Sidechain On Cardano

Taking from 12th July, The total number of smart contracts that are based on Plutus, a smart contracts platform that is controlled by Cardano, has reached a new level of 2,900, placing within 100 smart contracts of reaching the 3,000 mark according to Cardano blockchain insight. It is good to know that the development has been surfacing since September 2021 upgrades which include the provision of the capability for smart contracts. Read Also: The largest Layer 2 Network On Ethereum in terms of TVL Is Set To Bring Forth The AnyTrust Technology By Launching Arbitrum Nova Chain The update allowed Cardano to provide a DeFi application platform and programmability to the developer community. On July 7th, the IOHK founder, Charles Hoskinson revealed in a tweet that the network has take...