The cryptocurrency Cardano (ADA) has revealed that it extends the unspent transaction output accounting system by adding smart contracts to the Bitcoin UTXO model. The Cardano blockchain helps enhance the Bitcoin blockchain’s accounting model. #Cardano’s extended unspent transaction output accounting system adds smart contracts to Bitcoin’s UTXO model. Learn about the
The so-called “Ethereum Killers” Solana (SOL) and Cardano (ADA), emerged as strong competitors in the global crypto market. Following the Ripple (XRP) victory against the U.S. SEC, both cryptocurrencies have gained significant momentum, with Solana experiencing a remarkable surge in market capitalization. Over the past month, Solana’s market cap has
In a remarkable turn of events, XRP has emerged victorious in its legal battle against the SEC, igniting an altcoin rally that has taken the crypto world by storm. Among the standout performers, Solana price has surged over 23.96% within a mere 24 hours, solidifying its position as a key
Charles Hoskinson, the founder of Cardano, has recommended to Algorand (ALGO), a competing blockchain system, that the layer-1 network move its code to Cardano. The founder of Cardano responded to a tweet from the chief technical officer of the Algorand Foundation, John Woods, by making a public appeal for participation.
There will soon be a new decentralized payment system, powered by Cardano’s layer-2 solution Hydra Head and compatible with the Web3.0 wallets on the network, according to a recent update released on Twitter by the renowned ADA Whale. The ADA Whale update states that the service to settle future payments
Despite what may seem to be excessive price swings, Cardano’s (ADA) DeFi TVL has been trending upwards. According to DeFi aggregator DeFiLlama, the total number of ADA tokens locked on all of the DApps it monitors has hit a new all-time high of 557.62 million ADA. This figure has increased
Cardano (ADA) is one of several leading cryptocurrencies whose value has recently plummeted due to the U.S. Securities and Exchange Commission’s (SEC) onslaught on Binance and Coinbase. Cardano’s creator, however, claims that the ADA ecosystem is expanding even if the market is volatile. Cardano’s creator Charles Hoskinson presented data that
After publicly criticizing XRP and its community, Cardano founder Charles Hoskinson denies rumors of previously collaborating with Ripple. When the U.S. Securities and Exchange Commission (SEC) classified Cardano as a “Security” being sold via non-compliant crypto exchanges, however, he attempted to make peace with the XRP community. Charles Hoskinson tweeted
The global cryptocurrency market surges as top coins reach new rallies with significant price changes. In a remarkable turn of events, the market leader Bitcoin (BTC) has experienced a surge of more than 7.5% in the last 24 hours, bringing its price to around the $29,000 range. This indicates a
Cardano’s ADA token, a competitor to Ethereum, has displayed a technical analysis pattern known as the “death cross” on its daily price chart. The death cross is observed when the 50-day simple moving average (SMA) falls below the 200-day SMA. While some followers of the technical analysis view the death
