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The Age of Voltaire will make Cardano (ADA) self-sustaining.
IOG is inviting more developers to join working groups to further development on Cardano.
IOG introduces Cardano node 1.35.5. Input Output, the team responsible for Cardano research and development, has released a new node version in response to the brief node outage the network experienced last weekend. Cardano founder Charles Hoskinson took to Twitter yesterday to share the GitHub release of node 1.35.5, urging stake pool operators (SPOs) to […]
The post IOG Releases New Cardano Node Version To Fix Root Cause Of Brief Outage first appeared on The Crypto Basic.
An anomaly occurred on the Cardano (ADA) blockchain wherein approximately 50% of all active nodes briefly disconnected.
Continue reading Cardano (ADA) Network Bounces Back After Node Outage at DailyCoin.com.
An anomaly apparently caused around half of Cardano’s nodes to disconnect and restart over the weekend, with the root cause still under investigation.
This month, the Cardano ecosystem team is getting ready to release a software toolkit that will let developers build their own sidechains. Related Reading: Vital Levels To Keep Eye On As Cardano Price Begins To Retreat On January 12, Input Output Global (IOG), a blockchain engineering firm created by Charles Hoskinson and formerly known as Input Output Hong Kong (IOHK), made the announcement. The official technical documentation for the sidechain toolkit was also released in the announcement. Great move by @InputOutputHK I believe this help spread the usage of Sidechains for Cardano which is a good strategy if it evolves to use mithril / state proofs As a core contributor to @Milkomeda_com we will continue to lead ?? and hopefully support others to join https://t.co/auqp2TkEg1 — nicoarq (@NicoArqueros) January 12, 2023 As a “proof-of-concept,” IOG developers have already used the toolkit to build an Ethereum Virtual Machine (EVM)-compatible sidechain public testnet. Once the audit is complete, developers will be able to deploy decentralized applications, create smart contracts, and transfer tokens between testing chains. In addition to other application-specific capabilities, the toolkit will permit sidechain developers to select their consensus process. Mainnet Growth The IOG developers have also revealed that they have used the toolkit to build a proof of concept on a public testnet that is compatible with the EVM sidechain. Moreover, once the audit is complete, developers can launch dApps and smart contracts and transfer tokens between different test chains. Finally, the announcement notes that sidechain creators can use the toolkit to choose the consensus mechanism that best suits their app. The term “mainnet” refers to the parent blockchain, while “sidechain” describes a blockchain that operates independently of the mainnet. While the primary blockchain focuses on safety and decentralization, a sidechain can help the network scale. Related Reading: Cardano Up 30% Since December As 28 New Whales Hold At least 1 Million ADA In the long run, IOG expects this new development to lead to widespread adoption of the Cardano network, facilitating the launch of multiple Cardano sidechains and partner chains. Meanwhile, Charles Hoskinson, the creator of ADA, has proposed that Solana joins Cardano as a “partner chain.” Hoskinson shared this during a recent “ask me anything” session. He claims that there would be synergies between the two blockchains. For example, Solana can take advantage of Cardano’s security and infrastructure, while Cardano can take advantage of Solana’s faster network. Fans’ Anticipation In Cardano Community The announcement has been met with positivity from Cardano supporters, with one member of the community anticipating a price increase on par with Ethereum in recent years when several layer-2 sidechains and utility tokens were introduced. 2023 is the Year of #Cardano sidechains – Midnight privacy sidechain – Sidechains Toolkit EVM compatible – Milkomeda, first Cardano sidechain – …more to come Do you remember what happened when people started to build sidechains/tokens on Ethereum? Take that and make it x10. https://t.co/n8KWCX2SVh — Cardano Hieronymus (@CardanoHumpback) January 12, 2023 One enthusiastic participant predicted that the release and implementation of the toolkit would lead to a rise in the number of people making use of Cardano’s sidechains in the coming weeks and months. Great move by @InputOutputHK I believe this help spread the usage of Sidechains for Cardano which is a good strategy if it evolves to use mithril / state proofs As a core contributor to @Milkomeda_com we will continue to lead ?? and hopefully support others to join https://t.co/auqp2TkEg1 — nicoarq (@NicoArqueros) January 12, 2023 Meanwhile, the IOG team noted that the toolbox isn’t a remedy but will help with problem areas. For example, the security model, bridge experience, and SPO rewards structure are just a few. The team did say, though, that it was looking forward to community input and participation in these improvements. According to its roadmap, Cardano will introduce parallel accounting systems to promote sidechains. This release is part of the Basho update that will allow for ADA’s network compatibility. IOG’s development of this toolkit marks their second sidechain solution for it. IOG already implemented a simpler EVM-compatible sidechain in July to start the sidechain work on Cardano, so this isn’t the first sidechain solution they’ve integrated. Additionally, in September, Cardano experienced its most crucial hard fork yet, the Vasil upgrade, which has been said to facilitate the cheaper and more efficient deployment of smart contracts and the operation of decentralized applications. As of press time, ADA is trading at $0.3312, a 22.14% increase from the prior week’s price, with a 24-hour trading volume of $448 million. Featured image from Unsplash, chart from TradingView.com
IOG, the firm behind Cardano, has released an open-source toolkit enabling everyone to build custom sidechains.
Continue reading Cardano’s New Toolkit Lets Devs Build Custom Sidechains at DailyCoin.com.
The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain.
The Protocol Version 8 upgrade will introduce support for SECP256k1, the elliptic curve used to secure blockchains such as Bitcoin and Ethereum. The Cardano blockchain’s next Chain Upgrade Event (CUE), dubbed the Protocol Version 8 upgrade, will make the network better interoperable with other blockchains, including Bitcoin and Ethereum. The upgrade will introduce support for […]
The post Cardano Sets Course To Become ‘The Internet Of Blockchains’ first appeared on The Crypto Basic.
Input Output Global announced that all the features and improvements promised by the upgrade are now live on the blockchain.
After suffering multiple delays in June and July, Cardano's long-awaited network upgrade, the Vasil hard fork, has successfully been implemented.
Cardano is now ready to implement the highly anticipated Vasil upgrade, which promises to make the network more scalable.
A new Cardano EVM Sidechain for Solidity developers is set to increase interoperability between Cardano and Ethereum. The Ethereum Virtual Machine (EVM) is the virtual computer system at the heart of the Ethereum blockchain’s operating structure. Solidity developers will be able to bring their existing Ethereum applications to an EVM-compatible sidechain that supports all the […]
The post Input Output launches suite of sidechains for Cardano blockchain appeared first on CryptoNinjas.
In an official post, the team behind the Cardano project, Input Output Global (IOG), has confirmed the approval and implementation of a proposal to increase the network’s block size.
Wave Financial LLC (Wave), an SEC-regulated digital asset investment management company, has announced the launch of the Wave ADA Yield Fund. The fund is designed to provide liquidity with millions in line to support new decentralized finance (DeFi) platforms launched in the Cardano ecosystem starting with an initial $100 million. “Our new fund will support […]
The post Wave Financial launches $100M ADA Yield Fund to support Cardano’s DeFi growth appeared first on CryptoNinjas.
Amidst the buzz and persistent interest surrounding Bitcoin-derived Ordinal inscriptions, the co-founder of the Capsule 21 podcast introduced Ethscriptions, an analogous innovation that harnesses the power of the Ethereum blockchain. Ethscriptions, as described on the online platform ethscriptions.com, is a “new way of creating and sharing digital artifacts on Ethereum using transaction calldata.” From Bitcoin [...]
The post Introducing Ethscriptions: Ethereum’s Take on Inscribed Digital Artifacts appeared first on Crypto Breaking News.
Cardano's parent company IOHK has launched Lace, its first light wallet platform, enabling users to send/receive ADA and stake.
The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and adequately minimize associated risks. India’s G20 Presidency Provides Its Input for FSB and IMF Global Crypto Regulatory [...]
The post G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules appeared first on Crypto Breaking News.
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