Africa-focused startup 3air has announced leaving Cardano to build its internet connectivity platform on the SKALE mainnet. The announcement of moving to the Ethereum based Layer 2 multichain network comes as a slap to Cardano’s scalability, as the market took note of its congestion issues. Shortage of Haskell developers The blockchain-based platform 3air, which aims…
Input Output (IOHK) recently announced important updates that will increase Cardano’s block size by 11%. The network’s core development team also scheduled a memory boost for its smart contract platform–Plutus. Block size and Plutus script memory unit Cardano developers continue to increase the network capacity, announcing the next update of the two key parameters on…
Celsius announced integrating Chainlink Proof of Reserve (PoR) to enable the creation of auditable and highly secure cross-chain wrapped tokens. With this integration, the popular lending platform that enables users to earn interest on deposited crypto will successfully bridge wrapped versions of Cardano, Dogecoin, and Ethereum to the Polygon mainnet. Chainlink is a blockchain-agnostic protocol…
Yesterday, the Cardano blockchain experienced a significant surge in its daily transaction volume that pushed it above that of the second-largest blockchain, Ethereum. Transacting on Cardano blockchain is cheaper than Ethereum Data from Messari shows that Cardano’s daily transaction volume beat that of Ethereum by nearly $2 billion. According to the data, Cardano registered more…
Onomy Protocol is proceeding with its plan of converging Forex and DeFi markets, announcing a collaboration with NEAR and Aurora. Through the use of stablecoins, Onomy plans to empower institutions to onboard their fiat exchange operations on-chain and, further down the adoption line, serve as the world’s decentralized reserve bank. In line with this ambitious…
EMURGO has recently announced the launch of artist registration for Fiborite–an upcoming NFT marketplace built on Cardano’s blockchain. The global emerging technologies company is, alongside IOHK and the Cardano Foundation, a founding entity of the Cardano protocol–leveraging large-scale blockchain development and rapid solutions deployment. Socially conscious Artists and creators can now pre-register for the upcoming…
While Bitcoin and Ethereum prices successfully held their rebound from last week’s sell-off, Shiba Inu surged following Kraken listing. Crypto investment products recorded inflows totaling $306 million last week, as Bitcoin saw the largest inflows in five weeks, the latest report from CoinShares revealed. However, price pressures led total assets under management (AUM) to decrease…
Cardano (ADA) is heading into the Basho phase, according to IOHK, as the developer team announced upcoming gradual adjustments, focused on “optimization, scaling, and network growth.” According to the announcement, IOHK already submitted two initial changes, namely Cardano’s block size increase and increase of Plutus script memory units per transaction. Increasing block size by 12,5%…
Cardano’s silent rivalry with Ethereum seems to be gaining traction as the on-chain transaction volume seen on its blockchain almost doubles that of the network of the second largest crypto asset by market cap. Cardano’s on-chain transaction volume behind only that of BTC According to data from Messari, a leading crypto forensic platform, Cardano’s on-chain…
Finder recently published a survey that dived into current market trends across 22 countries, uncovering which cryptocurrencies, besides Bitcoin (BTC), are driving the adoption across the globe. While publishing a definitive ranking of the most popular cryptos per country, the independent comparison platform also addressed the investor demographics, revealing that only in Mexico is crypto…