Once the lending and borrowing ecosystem is in place, Hoskinson believes that Cardano will be the smart contract platform that moves wealth from a negative interest rate environment to countries that show potential for growth.
Cardano is making more headlines as it scores points in getting allies in Africa. So far, Africa has been largely untouched by most blockchain-based tech companies, but Cardano seems to have identified quite an opportunity in the continent. The news was broken by IOHK CEO, Charles Hoskinson, in a short YouTube video.
Cardano’s Charles Hoskinson compares Uniswap to Beanie Babies, dismissing Ethereum.
“At the end of March, we‘ll reach another significant milestone for Cardano when we’ll see d, the parameter that governs what percentage of transactions are processed by the genesis nodes, get to zero. At this point, responsibility for block generation will be fully decentralized. In other words, Cardanos network of 1800+ community pools will be solely responsible for producing blocks.”
Cardano is taking over Zug's Crypto Valley, becoming the second-largest local unicorn.
While ADA’s price aims at recovery following its sharp drop, Cardano’s founder hinted of upcoming products and vital network upgrades.
With 71.9 percent of the total circulating supply of ADA now staked, Cardanois still the most decentralized blockchain network on the market. The significant increase in the amount of its underlying cryptocurrency being staked is followed by an equally significant rise in the number of new users entering the Cardano ecosystem, pushing ADA‘s price the closest to $1 than it’s been in the past four years.
According to Hill, DeFi on Cardano would see lower transaction fees as transactions between native tokens and assets do not incur execution fees, owing to the way they are deployed on-chain.
Liqwid Finance, a DeFi solution built on Cardano, will enable users to earn governance tokens by providing liquidity to the ADA market on Liqwid—all the while their tokens remain staked on the mainnet.
According to the announcement by IOHK, the fund is a part of the launch of the Voltaire era and will be destined to promote groundbreaking ideas that boost the development of the Cardano ecosystem.
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