The Alonzo white hard fork update has been completed, clearing the door for smart contract integrations on the Cardano (ADA) network. This unique Alonzo network improvement is a critical milestone as the…
Investors were shifting their focus to proof-of-stake assets as the ESG discussion raged around Bitcoin, which has been attributed by some as one of the reasons for the market crash. Cardano saw $11 million in capital inflows from institutional assets after the 19 Mary collapse, according to Coinshares.
Cardano The number of ADA staking addresses has exceeded 650,000, with 2,647 active staking mining pools. Entire staked funds are valued $30 billion, accounting for about 71.27 percent of ADA’s total supply. Cardano’s founder and CEO, Charles Hoskinson, has announced his ambition to offer Cardano to the people of El Salvador.
When you do, you will notice that first and foremost, anyone thinking about buying Cardano should evaluate the volatility. The 52-week range for ADA is 7.6 cents to $2.46, according to Yahoo Finance. That’s a 32X differential, which means you’re in for a ride, but who knows if it’ll be a nice one?t the ADA-USD pair is riskier than you would have thought.
The bridge will be built by Mousebelt, a blockchain accelerator, with financial support from Nervos in the form of a grant. The Cardano team will “give its knowledge and resources to link Cardano to the bridge,” according to the statement, and development has “begun and the bridge is scheduled to be finished in the next six weeks.”