Smart contracts have been in the crypto space for quite a while now, most recently debuting on Cardano. With the rise of decentralized finance (DeFi), smart contracts have become even more important to the entire industry. This is because they are required to build the protocols on which these decentralized applications (DApps) run on. As they have grown in popularity, smart contracts platforms like Ethereum and Solana have recorded great success with them. Cardano has been working on bringing smart contracts to its network for a while and on September…
Tag: Cardano
Why The Hydra Layer 2 Solution Is Important To The Cardano Network
IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it has moved on to other projects to make sure that the network meets all of the needs of its developers. This has shone through in the latest release from the developer, called Hydra. The Cardano hard fork brought to the forefront the possibilities for more development. Even as developers outside of the main Cardano project develop their own solutions and protocols that run on the…
Cardano Sees Over 40,000 Smart Contracts Deployed 4 Days After Alonzo HFC, How This Affects The Price
Smart contracts have become a reality on the Cardano network after September 12th. After the Alonzo Hard Fork Combinator launch, developers could now go ahead and start creating smart contracts on the ecosystem. This would aid in developers creating decentralized applications (DApps) to provide decentralized finance (DeFi) services to the users of the blockchain. With the number of smart contracts that have been created on the network, it is no doubt that we are about to witness an influx of new decentralized apps on the network. The project has said…
Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents
Cardano has recently been in the news for all of the right reasons recently. The project just successfully launched the Alonzo Hard Fork Combinator (HFC) on Sunday and with it comes smart contracts capability for the network. Enabling a whole new world of decentralized finance to be built on the network. This has been founder Charles Hoskinson’s dream for the four years it has taken to get here. The founder took to Twitter to celebrate this monumental feat, which he referred to as the new era of Cardano. “Tomorrow is…
Can Cardano Really Be Rival to Ethereum?
Cardano poses a serious risk to Ethereum and is taking great strides towards overtaking it. As 2021 has progressed, one thing in the world of financial markets has become clear: cryptocurrencies have now entered the mainstream. With the likes of Bitcoin achieving unprecedented growth, the race is on for who is number 2 when it comes to crypto. With Ethereum previously sitting comfortably in that spot, it appears that Cardano may be hot on its heels and looking to take its place. Given that the founder of Cardano, Charles Hoskinson,…
IOHK’s proposal for the ETC community could use Cardano or Bitcoin for prevention of 51% attacks
Earlier today, IOHK presented its checkpointing proposal to the Ethereum Classic (ETC) community. This is meant as a short-term solution for preventing future 51% attacks. In the past several weeks, the network has suffered a number of such attacks, which has cast doubt on ETC’s future. One of these attacks cost OKEx $5.6 million. In the wake of these problems, several exchanges increased validation times for ETC transactions. Checkpointing consensus. Source: IOHK presentation. As its name would imply, the solution proposes the introduction of checkpoints that would validate the network.…