Decentralized Finance (DeFi), an Ethereum based protocol, has taken the whole crypto ecosystem by surprise with its phenomenal growth in 2020. The Defi ecosystem, originally valued below $1 billion at the start of the year, has exploded upward, hitting a valuation of $15 billion. More
The Cardano ecosystem continuestoward the launch of the Goguen era, which will give birth to its smart contracts and decentralized applications (dApps). Development is in full swing, with the roadmap for the Goguen rollout due to be presented in late September. In addition to IOHK, Emurgo, Cardano’s corporate branch, which is to promote the platform through commercial activities, is also working towards the launch of Goguen. More
The blockchain is a distributed ledger technology that underlies cryptocurrencies like Bitcoin and platforms like Ethereum. It provides a way to record and transfer data that is transparent, safe, auditable, and resistant to outages. The blockchain has the ability to make the organizations that use it transparent, democratic, decentralized, efficient, and secure. It’s a technology that holds a lot of promise for the future, and it is already disrupting many industries.
IOHK, the blockchain research and development company developing Cardano (ADA) has successfully implemented one of the most important upgrades to the Cardano blockchain yet, the Shelley hard fork. The upgrade will deliver true decentralization through its advanced Ouroboros consensus algorithm and scientifically researched incentives scheme, and will enable staking which allows its holders to passively receive money/crypto in the form of Cardano, for simply holding the coin.
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