The issue of high gas fees rears its head up for the Ethereum community yet again as “Ethereum killer” networks continue to gain more attention.
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
Bitcoin is sustaining above its immediate support, but several altcoins are showing signs of profit-booking.36413
Vitalik in Top-100 innovators, Cardano’s smart contract launch and carbon NFT’s — all coming to you this week in Finance Redefined.4692
One third-party explorer puts the number of time-locked Cardano smart contracts over 2,000.77629
- BTC takes aim at $50K; Solana goes down; Is ETH ‘sound money’? | Watch The Market Report w/ Charlie Burton
“The Market Report” with Cointelegraph is live right now with special guest Charlie Burton, a veteran trader and the co-founder of Ezeetrader!7144
The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study.35046
Buyers continue to scoop up Bitcoin and altcoins on dips, a signal that there is strong demand at lower levels and that bullish momentum is building.31091
Bitcoin’s quick dip below $44,000 sent altcoin prices into a freefall and has some traders worried that the correction could deepen.37650
It’s not looking good for Bitcoin bulls, at least for today, as moving averages slip from view and $40,000 begins to loom large.17378
The Alonzo upgrade did little in protecting Cardano from falling in tandem with the rest of the cryptocurrency market, though bullish technical factors remain.50815
Cardano has completed its Alonzo hard fork to introduce Plutus-powered smart contract scripts.73594
Altcoins are still flashing bullish signals but Bitcoin’s steady slide toward its swing low could put a damper on the market’s positive sentiment.42819
The sixth-largest cryptocurrency by market cap remains one of the best performers despite the overall crypto market losing more than $200 billion.52811
BTC and most altcoins are attempting to capitalize on the market-wide oversold bounce of Sept. 8, but the recovery could be thwarted by sell pressure at overhead resistance levels.49397
Crypto derivatives markets are growing in popularity as traders seek strategic, short-term exposure to digital assets.16911