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Cardano News
Crypto-News-Flash
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Cardano Founder Teases Major Network Upgrade Following Peras Release
- The Cardano network is set to undergo a major upgrade focused on validation zones.
- The upgrade is expected to greatly enhance transaction flexibility and scalability.
- Cardano founder Charles Hoskinson believes the upgrade will silence critics and propel the blockchain forward.
- The recent release of the Ouroboros Peras protocol is seen as a milestone for Cardano.
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TheNewsCrypto
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Cardano Faces Major Resistance: ADA at Risk of Potential Pullback
- ADA faces significant resistance at $0.39 with 2 billion tokens held by 161,740 addresses.
- Recent surge in profit-taking, with 4 billion ADA transacted on October 14.
- Head and shoulders pattern suggests potential pullback to $0.31, unless buying pressure increases.
- Cardano finds itself at a critical juncture with a formidable resistance level, possible sell wall from holders at unrealized losses.
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Bitcoinist
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Cardano Development And Research Are ‘Dramatically Speeding Up,’ Says Hoskinson
- Cardano founder, Charles Hoskinson, announces significant progress in the development and research of new protocols, specifically Ouroboros Peras and Ouroboros Leios.
- Ouroboros Peras is an enhancement to the existing Ouroboros Praos protocol, introducing a voting layer for fast settlement of transactions.
- Ouroboros Peras aims to address the probabilistic nature of block settlement and reduce transaction confirmation times for certain use cases.
- The team is now focusing on Ouroboros Leios, a new variant aiming to increase data throughput and CPU processing while maintaining or enhancing security properties.
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Crypto-News-Flash
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Charles Hoskinson Believes ADA Price Rally Could Address Cardano Skepticism
- Charles Hoskinson, the founder of the Cardano network, believes that a significant price rally for ADA could address the ongoing skepticism surrounding the project.
- The Cardano blockchain has faced criticism due to ADA's poor price performance, with the token struggling to break the $1 barrier since April 2022.
- Hoskinson defends Cardano's progress and potential, highlighting the new governance structure and ongoing development as catalysts for adoption and growth.
- Market analysts speculate on potential catalysts for an ADA price surge, with forecasts ranging from reaching $0.5 by the end of October to $5 if Bitcoin breaks above $100,000.
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Bitcoinist
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Will Solana Meme Coins Overtake Cardano In Market Cap?
- Solana meme coins are rising in dominance, challenging those minted on Ethereum and even Dogecoin.
- The total market cap of all meme coins on Solana is approximately $11 billion.
- DogWifHat (WIF) is the most valuable meme coin on Solana, with a market cap of over $2.8 billion.
- The rapid expansion of meme coins on Solana is closing the gap between Solana and Cardano in terms of market cap.
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TheNewsCrypto
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Charles Hoskinson Suggests ADA Price Pump Could Silence Cardano Critics
- Cardano founder Charles Hoskinson suggests that a significant price increase for ADA could potentially resolve the network’s ongoing challenges and silence critics.
- ADA has faced criticism and skepticism due to its underwhelming price performance, struggling to break $1 since April 2022.
- Market analysts speculate on potential catalysts for an ADA price surge, with one predicting a 29% increase to $0.5 by the end of October.
- Hoskinson defends Cardano's progress and potential, highlighting the new governance system in the Voltaire era as a key driver for adoption and growth.
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Crypto-News-Flash
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Hoskinson Proposes ‘Bill of Rights’ to Shape Cardano’s Blockchain Governance Framework
- Cardano founder Charles Hoskinson has proposed a 'Bill of Rights' for the blockchain ecosystem governance.
- The proposal consists of 11 foundational tenets that aim to create a legal framework for Cardano's governance and development.
- Hoskinson envisions the 'Bill of Rights' as a universal framework applicable to other blockchain systems.
- The proposal covers important aspects such as transaction freedom, predictable costs, fair recognition, resource efficiency, privacy preservation, and transparent operations.
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Zycrypto
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ADA Shows Strong Whale Activity Amid Cardano Becoming the Face of Argentina’s First Legitimate Smart Contract
- Whale transactions in Cardano (ADA) ecosystem are increasing, indicating growing interest and confidence from large investors.
- The number of transactions with a value of over $100,000 reached a monthly high of 5,070.
- This accumulation of ADA by whales is seen as a bullish sign for Cardano.
- Cardano's support for smart contracts and its recent use case in Argentina's legal system contributes to its positive market sentiment.
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Bitcoinist
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Hoskinson Details Cardano’s Bill Of Rights For Blockchain Governance
- Charles Hoskinson, founder of Cardano, has introduced a 'Bill of Rights', containing 11 foundational tenants for blockchain governance.
- Hoskinson's broadcast emphasized the collaborative efforts already underway on the initiative, featuring participation by 1,400 individuals and the election of 63 delegates.
- The Bill of Rights is not exclusive to Cardano, but is intended as a framework for various blockchain systems.
- The 11 tenants highlighted are intended to establish a constitutional foundation that will guide the development and governance of blockchain technologies.
- Cardano's tenants include transaction censorship resistance, predictable transaction costs, fair recognition and compensation, and privacy preservation.
- Also included are compliance with local laws and regulations, transparency, predictability, and verifiability.
- Hoskinson emphasized the importance of preserving the system's integrity over short-term gains.
- The upcoming Constitutional Convention in Buenos Aires aims to formalize these governance principles, bringing together delegates from 50 countries.
- Hoskinson suggested other blockchain communities could adopt similar frameworks to balance technical innovation with ethical governance.
- In summary, the Bill of Rights for blockchain governance is aimed at establishing a constitutional foundation that will guide the development and governance of blockchain technologies.
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Zycrypto
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Cardano Isn’t Failing: Hoskinson Credits Voltaire for Addressing Long-Standing Issues
- Cardano introduced decentralized governance through the Chang hard fork upgrade.
- Charles Hoskinson believes it has opened up pent-up grievances on a wide range of issues.
- The Voltaire upgrade will address previously unexplored road map items and unfunded growth strategies.
- Hoskinson states that Cardano is transparent and does not deal in backroom deals and dirty tricks.
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Zycrypto
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Crypto Advocate Dan Gambardello Bets Surprising Sum On ADA Hitting $0.5 By End Of October
- Crypto Capital Venture founder Dan Gambardello is confident that Cardano's ADA will reach $0.50 by the end of October.
- Gambardello is willing to bet 1,000 ADA tokens on this prediction and promises to give them to one of his followers if it materializes.
- Cardano will need strong bullish catalysts or significant events to reach this forecasted height.
- Recent upgrades and milestones in the Cardano ecosystem have increased ADA's utility and adoption.
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Crypto-News-Flash
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Cardano’s Strength 10x Higher Than Last Cycle, Key Developments Set Stage for an ADA Bull Run
- Crypto analyst Dan Gambardello believes Cardano is ten times stronger than during its last market cycle.
- The recent Chang Upgrade enables Cardano to operate without a central authority.
- Cardano has transitioned to a completely decentralized model based on community involvement.
- Hydra, Cardano's Layer-2 scaling solution, improves transaction throughput while maintaining security and decentralization.
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Crypto-News-Flash
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Cardano Founder Hits Back at Self-Proclaimed Bitcoin Founder After $1.2 Trillion Lawsuit Filing
- Charles Hoskinson, co-founder of Cardano, criticizes Craig Wright's $1.2 trillion lawsuit against Bitcoin Core and Square.
- Hoskinson questions why the courts allow Wright to file baseless lawsuits and accuses him of misleading the public with false claims about Bitcoin's origins.
- The clash between Hoskinson and Wright highlights ongoing tensions within the cryptocurrency community regarding Bitcoin's future direction.
- The true identity of Bitcoin's creator, Satoshi Nakamoto, remains disputed, with Craig Wright's claims facing skepticism.
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TheNewsCrypto
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Charles Hoskinson Slams Craig Wright’s Lawsuit as Abuse of Legal System
- Charles Hoskinson, founder of Cardano, criticized Craig Wright's ongoing litigation as an abuse of the justice system.
- Hoskinson expressed his displeasure with Wright's legal manipulations and irrational assertions.
- Wright filed a £911 billion lawsuit against Bitcoin Core and Square, claiming to be the genuine Bitcoin inventor.
- Hoskinson questioned why authorities allow Wright to abuse the courts and criticized his contentious legal methods.
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Zycrypto
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Is Argentina On The Cusp Of Officially Adopting Cardano’s ADA as Payment Method for Loans?
- Argentina has taken a step towards integrating blockchain technology by considering Cardano's ADA as a recognized payment method for loans.
- The first legally enforceable contract on the Cardano network has been signed, complying with the laws of Argentina.
- The contract, which adheres to Argentina's Civil and Commercial Code, establishes a loan agreement between Cardano ambassadors.
- Argentina's interest in cryptocurrencies, including ADA, signals a crypto-friendly legal environment under President Milei's leadership.
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