Cardano Creator Hints That ‘Large Wave’ Of Projects Is Coming; Could It Send ADA Moon-Bound?

Cardano Creator Hints That ‘Large Wave’ Of Projects Is Coming; Could It Send ADA Moon-Bound?
фото показано с : zycrypto.com

2022-3-16 20:37

The Cardano network has been attracting significant interest over recent months and the scientific peer-reviewed blockchain could be poised for more success. Cardano fans are hoping for another moon landing with the blockchain’s founder Charles Hoskinson promising that an explosion of interest is on the horizon.

Over 500 Promising Projects Currently Building On Cardano

Ever since its launch back in September 2017, Cardano touts itself as a project that is committed to rigorous research and testing. After much delay, Cardano finally implemented the Alonzo hard fork which ushered in smart contracts (self-executing computer programs). 

Since then, the Cardano network has undergone other crucial upgrades and witnessed key developments. For instance, the number of projects building on Cardano has now surpassed 517, with NFT collections enjoying the lion’s share (34.7%).

Cardano founder (and Ethereum co-founder) Charles Hoskinson suggested that this is only the beginning. ”A large wave will come after June when the Vasil hard fork happens,” Hoskinson said in a recent tweet.

Moving the chains. A large wave will come after June when the Vasil hardfork happens https://t.co/TySPIBLQLi

— Charles Hoskinson (@IOHK_Charles) March 14, 2022

The Vasil hard fork — named after Hoskinson’s late friend Vasil Dabov and scheduled for launch in June — aims for a multitude of scaling enhancements for DeFi, DEXs, and smart contracts.

UTXO on-disk storage, Pipelining, new Plutus CIPs, and Hydra are some of the scaling parts in the overall plan for Cardano. These improvements will improve Cardano’s transaction throughput and optimize the network to handle more DEXs and decentralized applications.

Tantalizing ADA Moonshot On The Way?

Speaking of total value locked in the Cardano network, the TVL has been surging and currently stands at $195.39 million, according to data provided by DefiLlama. Over 57% of the funds are locked in Cardano’s decentralized exchange protocol SundaeSwap.

ADA peaked at $3.09 on September 2 and has shed over 74% since then. The eighth-largest crypto by market cap was changing hands near $0.8 as of publication time, a 0.55 percent increase on a 24-hour basis.

ADAUSD Chart by TradingView

While ADA’s price performance may be a cause for concern for some participants in the community who hoped for quicker gains, Hoskinson seems to believe that the upgrade in June will take the project to new heights.

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cardano founder → Результатов: 126


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Фото:

Upgrade Shade: Cardano Founder Appears To Taunt Ethereum

As the Ethereum community prepares for a network-wide upgrade tomorrow night, not everyone is celebrating. Charles Hoskinson, CEO of IOHK and the public face of the Cardano community, seems to have taken the fork as an opportunity to flaunt something the larger dApp platform has not yet been able to achieve: a workable implementation of proof-of-stake […] The post Upgrade Shade: Cardano Founder Appears To Taunt Ethereum appeared first on Crypto Briefing.

2019-1-15 19:43


Charles Hoskinson And Emurgo Assume Cardano Foundation Duties Following Project Break

On October 12, Cardano founder and chief executive officer of Input Output Hong Kong (IOHK) shared some major announcement on the future of Cardano Foundation. In a live stream video on YouTube and an open letter sent to the Cardano community, Hoskinson has announced that he and Emurgo will be breaking away with the Cardano […] The post Charles Hoskinson And Emurgo Assume Cardano Foundation Duties Following Project Break appeared first on ZyCrypto.

2018-10-14 23:47