Cardano's Mithril Mainnet Beta Launch Marks Crucial Milestone in Blockchain Ecosystem Development
Cardano, a leading blockchain platform, has achieved a significant milestone with the completion of its Mithril mainnet beta launch. The released mainnet network is generating new certificates and snapshots consistently. The Mithril team is monitoring the network's performance and preparing to release a new distribution, which is expected to bring further enhancements and optimizations to the Mithril protocol. Mithril introduces a novel staking-based protocol that eliminates the need to download the entire blockchain history, significantly expediting the block verification process. As the network's nodes synchronize more swiftly, transactions become more secure, and governance becomes more democratic, Cardano's potential to shine in the world of cryptocurrencies is expected to become increasingly evident.
Charles Hoskinson Denies Involvement in XRP Conspiracy Following Alleged SEC Emails
Charles Hoskinson, the creator of Cardano and former co-founder of Ethereum, has denied any involvement in the alleged conspiracy against XRP. The denial came after a follower presented him with emails reportedly sent by a prominent SEC functionary discussing Ethereum's classification as a security. Hoskinson clarified that the emails were from 2018 and beyond, long after he had left Ethereum in 2014 due to a difference in vision with co-founder Vitalik Buterin. Hoskinson emphasized that he had no involvement in the controversy surrounding the emails.
Charles Hoskinson Aims to Onboard 5 Million Users to Cardano's Lace Wallet
Charles Hoskinson, the creator of Cardano (ADA), has set a new goal of onboarding five million new users onto the ecosystem's Lace wallet. The CEO of Input Output Global (IOG) provided an update on Cardano's identity-focused project in Ethiopia, which aims to archive students' academic records. Hoskinson's long-term goal is to help onboard five million people onto Lace, Cardano's web3-enabled crypto wallet, which would cover the entire K through 12. However, progress is being slowed by bureaucracy, but IOG and the Ethiopian government are now working together.
Cardano (ADA) Shows Strong Bullish Sentiment and Potential for Further Gains in August
The writer's opinion presented in the following information is not financial, investment, trading, or other types of advice. Cardano has a strong bullish sentiment in the lower timeframes, and the daily chart is also bullish. Cardano has clung to the $0.3 support over the past ten days, but it remains to be seen if the buyers can maintain their momentum.
Cardano Founder Charles Hoskinson Explains Why He Does Not Have a Public Wallet Address
Charles Hoskinson, the founder of Cardano, has explained that he does not have a public wallet address due to security concerns. He stated that unauthorized transactions could be sent from sanctioned nations or wallets, potentially leading to the blacklisting of his account. Hoskinson's explanation sparked a discussion among the community, with some questioning whether his viewpoint suggests a shift towards contingent transactions on Cardano. However, others defended Hoskinson's right to manage his interactions in the way he deems fit, given the open and permissionless nature of blockchain.
Cardano Witnesses Surge in Development Activity, but ADA Price Remains Unaffected
Cardano's development activity and number of contributors have significantly increased, as reported in the latest edition of the weekly report by Input Output Global (IOG). This growth is attributed to the blockchain's efforts towards scalability under the BASHO Era, including the launch of the Mithril protocol's mainnet beta and updates to the Hydra team's specifications. Despite positive metrics such as stable whale transaction counts and relatively high daily active addresses, ADA's price has not responded accordingly and was down by 0.8% in the last seven days, trading at $0.3101 with a market capitalization of over $10.8 billion.
Cardano's Hydra Scaling Protocol Receives Update in Specification and Prepares for Event-Sourced Logic
The team behind Cardano's scaling protocol Hydra has updated the protocol's specification to align with recent off-chain protocol changes. The update also included the completion of the refactoring of the snapshot emission and an update to GHC 9.2.7, resulting in improved compiling times and slightly smaller Plutus scripts. Since its launch, several upgrades have been integrated into Hydra to ensure the smooth delivery of its capabilities and functionalities. Hydra is aimed at propelling Cardano to process up to thousands of transactions per second and the team plans to drive its adoption through several use cases, including payments, auctions, and voting. More upgrades are expected from the Cardano Hydra development core team in the coming days.
Cardano (ADA) Surges Following Ripple Lawsuit Summary Judgment and Sees Upgrades and Launches in Ecosystem
Cardano (ADA) experienced a significant increase in value after the recent Summary Judgment in the Ripple lawsuit against the SEC. The altcoin had previously been going through a long correction phase. If Cardano breaks through the resistance level of $0.334, it could reach $0.35, $0.382, and $0.42. Cardano has also seen several upgrades and launches, including the successful integration of ORCFAX oracle and the launch of Spectrum Labs and MuesliSwap's OptionFlow. Additionally, the adadomains app, which allows users to own a custom .ada blockchain domain as a native NFT on Cardano, went live on July 15, 2023.
Dogecoin Gains on Cardano as Market Cap Approaches $10.4 Billion
According to CoinGecko, Dogecoin's market cap is now almost equal to Cardano's at around $10.4 billion, with Dogecoin showing a 2.9% increase in the past 24 hours. Meanwhile, Ethereum remains steady at approximately $1,844, while Binance Coin and XRP have seen slight drops.
Shiba Inu Surges While Ethereum and Cardano Experience Volatility
Shiba Inu (SHIB), a meme-based cryptocurrency known for its volatility, has surprised the market with a steady and sustained growth of over 20% during a period of correction. This unexpected rally has defied the usual reputation of SHIB as a highly speculative asset.
