We bring you insights into decentralized applications(dApps) on #Cardano blockhain. Website is in first version, currently new features being developed.

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Dapps On Cardano

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<p><img src="https://crypto.news/app/uploads/2024/08/crypto-news-Cardano-Chang-hard-fork-option01-1380x820.webp" alt="Cardano’s Chang hard fork is almost here: What is it and what to expect?" />
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<p>Cardano is preparing for the Chang hard fork, which will bring in the Voltaire era by introducing on-chain governance. The upgrade allows ADA holders to vote directly on key decisions, moving the platform closer to a fully decentralized blockchain ecosystem.</p>
<h2 id="a-deep-dive-into-cardanos-development-stages">A deep dive into Cardano’s development stages</h2>
<p><a href="https://roadmap.cardano.org/en/" target="_blank">Cardano’s development</a> is divided into phases known as “eras,” named after influential poets, mathematicians, or computer scientists. Every era introduces new features through hard forks.</p>
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<img src="https://crypto.news/app/uploads/2024/08/Screenshot-2024-08-05-at-15.00.01.png" alt="Cardano's Chang hard fork is almost here: What is it and what to expect? - 1" />
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<ul>
<li><strong>Byron</strong>: Launched Cardano’s foundational network, enabling ADA transactions.</li>
<li><strong>Shelley</strong>: Transitioned the network to decentralization with community-driven block production.</li>
<li><strong>Goguen</strong>: Introduced smart contracts and the capability to build decentralized applications.</li>
<li><strong>Basho</strong>: Focused on optimizing scalability and interoperability.</li>
<li><strong>Voltaire</strong>: Will introduce decentralized governance.</li>
</ul>
<p>In addition to the main phases, eras often include multiple sub-eras, as seen with Goguen (e.g., Allegra, Mary, Alonzo), which bring more specific features. The Chang hard fork will be the first hard fork and sub-era of Voltaire.</p>
<p>The <a href="https://docs.cardano.org/about-cardano/evolution/upgrades/chang/" target="_blank">Chang hard fork</a> allows (<a href="https://crypto.news/price/cardano/" target="_blank">ADA</a>) holders to vote on protocol changes and governance actions, with the option to delegate their voting power to designated representatives, known as DReps.</p>
<p>In addition to governance, Chang brings enhancements to Cardano’s smart contract platform through the introduction of PlutusV3. PlutusV3 includes new cryptographic primitives, which are used to secure data and transactions on the blockchain. For example, the new BLS12-381 and Keccak-256 cryptographic functions improve the security and efficiency of operations like zero-knowledge proofs and digital signatures, making them more reliable and faster.</p>
<p>Moreover, Chang adds bitwise primitives, which are tools that allow developers to perform low-level data manipulations within smart contracts. Bitwise primitives can optimize how contracts handle and store information, leading to faster execution and reduced costs for <a href="https://crypto.news/tag/dapps/" target="_blank">DApps</a>. These improvements make it easier for developers to create more complex and efficient DApps on Cardano.</p>
<p>The upgrade will also refine how transaction fees are calculated for DApps by adjusting protocol parameters related to reference scripts. Reference scripts help reduce the size of transactions, thus lowering the cost for users and increasing the network’s capacity to handle more transactions simultaneously.</p>
<p>Node operators, particularly stake pool operators, need to upgrade to <a href="https://github.com/IntersectMBO/cardano-node/releases/tag/9.1.0" target="_blank">version 9.1</a> to support the new governance mechanisms and smart contract improvements. For the hard fork to take place successfully, 70% of the network’s stake pool operators must upgrade their nodes to version 9.1. The new version was released on July 25, and just 12 days later, more than one-third of the network is already running it. As of August 5, around 63.7% of operators are running version 8.0, 1.3% are still on version 9.0, and about 35% are using version 9.1.</p>
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<figcaption>Source: TradingView</figcaption></figure>
<p>Historically, ADA’s price has shown a pattern of downturn following major Cardano upgrades, with one exception. The Allegra upgrade is the sole instance of significant price appreciation, with a 133% increase. This anomaly skews the overall average, creating a misleading impression of a 9.88% average price increase one month after upgrades. However, when the Allegra hard fork is removed from the dataset, the average price change reveals a decline of -14.74%.</p>
<p>Given the current market downturn, it remains difficult to predict the exact direction ADA will take after the Chang upgrade.</p>
<p>But if the historical trend holds, ADA could drop by around -15% in the month following the hard fork.</p>
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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p>
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Btcmanager

Cardano's Chang hard fork is almost here: What is it and what to expect?

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 <p><a target="_blank" href="https://zycrypto.com/wp-content/uploads/2024/01/Cardano-Whales-Going-Crazy-On-ADA-Buys-As-Pundits-Predict-4-ADA-Price-Explosion-In-2024.jpg"><img src="https://zycrypto.com/wp-content/uploads/2024/01/Cardano-Whales-Going-Crazy-On-ADA-Buys-As-Pundits-Predict-4-ADA-Price-Explosion-In-2024.jpg" srcset="https://zycrypto.com/wp-content/uploads/2024/01/Cardano-Whales-Going-Crazy-On-ADA-Buys-As-Pundits-Predict-4-ADA-Price-Explosion-In-2024.jpg 1200w, https://zycrypto.com/wp-content/uploads/2024/01/Cardano-Whales-Going-Crazy-On-ADA-Buys-As-Pundits-Predict-4-ADA-Price-Explosion-In-2024-300x175.jpg 300w, https://zycrypto.com/wp-content/uploads/2024/01/Cardano-Whales-Going-Crazy-On-ADA-Buys-As-Pundits-Predict-4-ADA-Price-Explosion-In-2024-1024x597.jpg 1024w, https://zycrypto.com/wp-content/uploads/2024/01/Cardano-Whales-Going-Crazy-On-ADA-Buys-As-Pundits-Predict-4-ADA-Price-Explosion-In-2024-768x448.jpg 768w" alt="Cardano Whales Going Crazy On ADA Buys As Pundits Predict $4 ADA Price Explosion In 2024" title="Cardano Whales Going Crazy On ADA Buys As Pundits Predict $4 ADA Price Explosion In 2024" /></a></p>
<p>The Cardano blockchain has announced the integration of the Inter-Blockchain Communication Protocol (IBC) to boost interoperability.</p>
<p>This integration seeks to support reliable transactions and data exchange across blockchains. It will make Cardano a cross-chain ecosystem, bolstering adoption by decentralized applications (DApps).</p>
<h2 id="h-cardano-integrates-inter-blockchain-communication-protocol"><strong>Cardano Integrates Inter-Blockchain Communication Protocol</strong></h2>
<p>According to the Cardano Foundation, the IBC Protocol will address challenges such as interoperability, scalability, and data privacy in the blockchain space. It will facilitate data and asset transfer across blockchains while allowing users and creators to benefit from improved security and reduced fees.</p>
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<blockquote><div><p>💥 <a target="_blank" href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw">@Cardano</a> goes interchain!</p><p>Through the Cardano IBC Sidechain, Cardano connects with an ecosystem of 115 IBC-enabled chains: the interchain.</p><p>Cardano’s IBC integration will expand the <a target="_blank" href="https://twitter.com/hashtag/interchain?src=hash&amp;ref_src=twsrc%5Etfw">#interchain</a> ecosystem to a vibrant community of blockchain pioneers. <a target="_blank" href="https://t.co/rNSBmzCZDA">pic.twitter.com/rNSBmzCZDA</a></p></div>— Cosmos – The Interchain ⚛️ (@cosmos) <a target="_blank" href="https://twitter.com/cosmos/status/1806357065960407485?ref_src=twsrc%5Etfw">June 27, 2024</a></blockquote>
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<p>The IBC protocol will establish a bridge between the projects created on Cardano and Cosmos SDK chains. Cardano DApps will also be part of the larger interchain ecosystem comprising more than 115 interconnected chains.</p>
<p>This integration will further bring Ethereum Virtual Machine (EVM)-based sidechains to Cardano. It will allow developers to launch EVM-based DApps on Cardano sidechains.</p><p><span>Advertisement</span><a target="_blank" href="https://zycryp.to/GoogleNews"><img src="https://zycrypto.com/wp-content/uploads/2022/01/Follow-ZyCrypto-On-Google-News-1.png" alt="Follow ZyCrypto On Google News" /></a>
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<p>Developers will benefit from the security offered by Ethereum and the scalability offered by the Cardano blockchain.</p>
<p>The other benefits of this integration include improved flexibility and cross-platform innovation, where businesses will leverage the strengths of multiple blockchains.</p>
<p><em>“We hope that by adding IBC to Cardano, we will contribute to broadening the scalability, reach, and connectivity of blockchain technology, providing easier and better ways to deploy blockchain in an interoperable future,” the Cardano Foundation states.</em></p>
<h2 id="h-cardano-emerging-as-a-reliable-blockchain-solution"><strong>Cardano Emerging as a Reliable Blockchain Solution</strong></h2>
<p>Cardano’s recent integration of the IBC protocol adds to the latest developments, boosting the chain’s reliability.</p>
<p>As <a target="_blank" href="https://zycrypto.com/cardano-hit-with-massive-ddos-attack-but-network-remains-unfazed-as-chang-hard-fork-nears/">earlier reported</a> by ZyCrypto, the Cardano blockchain recently mitigated against a Distributed Denial of Service (DDoS) attack. The attack did not affect the network’s operations, nor did the attacker steal any funds.</p>
<p>This development saw the network receive much <a target="_blank" href="https://x.com/Jordan_Crypt_SA/status/1805971058358370603">praise </a>from the crypto community, given the rise of hacking exploits in the industry.</p>
<p>The blockchain is also readying for a significant hard fork this month. The <a target="_blank" href="https://zycrypto.com/hoskinson-announces-cardano-game-changer-days-after-blasting-anti-ada-media-coverage/">Chang hard fork</a> will see Cardano enter the Voltaire era, which will be more decentralized and entirely run by community members.</p>
<p>The Cardano blockchain has a total value locked (TVL) of more than $212 million as more DApps continue building on the chain. Data from DeFiLlama also shows that Cardano on-chain volumes have more than doubled compared to the start of the month to $5.69 million in the last 24 hours.</p>
<p>In the last 24 hours, the price of Cardano’s native token, ADA, has surged by 1.6% to trade at $0.39 at the time of writing. </p>
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Zycrypto

ADA Ripe For Explosive Growth As Cardano Embraces IBC Protocol For Enhanced Interoperability

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																<p>Cardano (ADA) is the blockchain network founded by IOHK, a company created by Ethereum co-founder Charles Hoskinson in 2015. It is known for its methodical and scientific approach to building the ecosystem.</p>
<p>Cardano’s core team is also known for its meticulous, peer-reviewed development approach. Its proponents believe the slower pace is necessary for long-term growth, sustainability, and robustness.</p>
<p>As with any other crypto ecosystem, self-custody wallets play a very important role in Cardano. The following is a comprehensive overview of the best wallets to consider to store and use your ADA.</p>
<h2>Quick Navigation</h2>
<ul>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#1">Types of Cardano (ADA) Wallets</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2">The Best 6 Cardano Wallets</a>
<ul>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.1">Daedalus – Best Cardano Desktop Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.2">Nami – Best Cardano Web Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.3">VESPR – Best Cardano Mobile Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.4">Yoroi Wallet – Best Cardano Light Wallet</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.5">Eternl – Best Cardano Wallet for Staking</a></li>
<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#2.6">Exodus – Best Cardano Wallet for Hardware Integration</a></li>
</ul>
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<li><a target="_blank" href="https://cryptopotato.com/best-cardano-wallets/#3">Best Cardano (ADA) Wallets – Final Тhoughts</a></li>
</ul>
<h2 id="1">Types of Cardano (ADA) Wallets</h2>
<p>The broader categorization can be defined within two major types: hot and cold wallets.</p>
<p>Hot wallets are online software applications providing users with many features to store and manage cryptocurrencies like ADA. Other key features of hot wallets are cross-chain transfers and access to decentralized applications (dApps) on Ethereum, Cardano, Solana, etc.</p>
<p>In contrast, cold wallets are physical hardware devices similar to USB drives. They offer increased security by keeping cryptocurrencies offline, yet they’re not as flexible and dynamic—or user-friendly—as hot wallets.</p>
<p>Several subtypes of wallets exist, such as desktop, web browser, mobile, etc. However, Cardano is also quite popular because it supports many light wallets.</p>
<p>Let’s review them below.</p>
<h3>Desktop Wallets</h3>
<p>Desktop wallets are software programs installed on computers. They offer advanced features like integrated staking, support for a broader range of cryptocurrencies, and heightened security measures.</p>
<p>Most desktop wallets are non-custodial, meaning users have complete control over their private keys, allowing them to manage cryptocurrency transfers directly without relying on third parties like exchanges.</p>
<p>Desktop wallets have their fair share of downsides: they require an internet connection, making them vulnerable to malware, hackers, and other online threats, and they require a certain level of technical proficiency to install and operate effectively.</p>
<h3>Web Wallets</h3>
<p>Web wallets are browser extensions that allow users to manage, store, and transact with cryptocurrencies directly through web browsers like Chrome, Firefox, and Opera. They provide flexibility and accessibility and support various digital asset activities, including dApps, Web3 applications, and NFTs.</p>
<p>However, they might not be as dynamic as desktop or mobile wallets and might not offer the same number of features.</p>
<h3>Mobile Wallets</h3>
<p>Mobile wallets, available for iOS and Android devices, provide convenience for managing assets on the go. Most mobile-based wallets are user-friendly and allow users to explore Web3 and DeFi applications across several blockchains.</p>
<p>The principal risks of mobile wallets should be evident—malware attacks, phishing scams, SIM swaps, and the potential loss of your mobile device.</p>
<h3>Light Wallets</h3>
<p>Light wallets operate through an external full node that allows them to interact and receive specific and relevant transaction payments, data, and other information without downloading the entire blockchain. That’s because the full node already has a copy of that ledger.</p>
<p>These features make light wallets a convenient solution that offers accessibility, as they’re faster to set up, require minimal device storage, and have user-friendly interfaces. However, they are as secure as the external node, which means dependency, and may lack certain advanced functionalities compared to full nodes (like running the actual validator node).</p>
<h3>Hardware Wallets</h3>
<p>Hardware wallets provide elevated security for cryptocurrencies by generating and storing private keys offline, safeguarding them from internet-based threats like hacking and online attacks. This offline storage minimizes the risk of unauthorized access to funds.</p>
<p>Despite offering the highest security measures, hardware wallets have some drawbacks. Their small size makes them prone to loss, potentially resulting in the loss of funds. Additionally, they lack the flexibility and dynamism of software wallets, which may restrict specific user preferences or functionalities.</p>
<p>Despite the robust security features of hardware wallets, fund loss or hacking incidents are typically attributed to user error or the physical loss of devices.</p>
<p>The following article explores and details the best Cardano wallets in the market. These wallets were chosen based on their level of security, flexibility, fees, and overall functionality.</p>
<h2 id="2.1">Daedalus – Best Cardano Desktop Wallet</h2>
<p><a href="https://daedaluswallet.io/" target="_blank">Daedalus</a> is one of the best Cardano wallets for desktop users. While it’s not an official wallet of the Cardano blockchain, it’s mentioned on the protocol’s official website as IOHK supports it.</p>
<p>Daedalus is open-source and can be downloaded in multiple operating systems, such as MacOS, Linux, and Windows.</p>
<p>Daedalus is designed with web technologies based on Electron, an established open-source protocol for developing cross-platform desktop applications.</p>
<h3>Notable Features of Daedalus</h3>
<ul>
<li>Fully open-source, can be reviewed by anyone</li>
<li>Allows ADA staking, with rewards earned directly on the wallet</li>
<li>Runs a full node</li>
<li>It’s compatible with most operating systems</li>
</ul>
<h3>Daedalus Security</h3>
<p>One of the things that makes Daedalus stand out is that it runs a full node. That means the wallet downloads and stores a copy of the entire Cardano network on your desktop. This is better overall in terms of security and decentralization than light clients.</p>
<h3>Pros and Cons of Daedalus</h3>
<p>Pros explained:</p>
<ul>
<li>Developed and supported by IOHK</li>
<li>High level of security</li>
<li>Allows users to stake ADA</li>
<li>Fully open-source</li>
<li>Desktop support for most operating systems</li>
<li>Provides hardware wallet integration (Ledger)</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>Requires a large amount of storage space (around 10GB of space to download)</li>
<li>Syncing blockchain transactions takes a long time, given that it’s a full node.</li>
<li>No access to dApps on Cardano</li>
</ul>
<h2 id="2.2">Nami – Best Cardano Web Wallet</h2>
<p><a href="https://www.namiwallet.io/" target="_blank">Nami</a> is a browser-based Cardano wallet built exclusively for the Cardano blockchain. It’s a lightweight client that accesses transaction data through external nodes.</p>
<p>Nami is one of the best ADA wallets for its user-friendliness and easy setup, but also because it’s pretty feature-rich. It’s also one of the few wallets that supports Cardano tokens like ADAX and USDM, the blockchain network’s native fiat-backed stablecoin.</p>
<h3>Notable Features of Nami</h3>
<ul>
<li>Users can stake, send, and receive ADA and Cardano tokens, including stablecoins like USDM</li>
<li>Supports all NFTs on the Cardano blockchain, making it one of the few Cardano wallets to provide such a feature</li>
<li>Supports multipool staking. Users can stake ADA with Nami and delegate it to one or multiple Cardano Stake Pools</li>
<li>While the wallet is free to use, but there might be fees and commissions from third-party services</li>
<li>It allows users to import one recovery phrase and pair multiple hardware wallets, which is a plus in terms of security</li>
</ul>
<h3>Nami Security</h3>
<p>Nami provides basic security mechanisms. It supplies users with a seed phrase of 24 words and allows hardware wallet integration with Trezor or Ledger for an extra layer of security.</p>
<h3>Pros and Cons of Nami</h3>
<p>Pros explained:</p>
<ul>
<li>User-friendly wallet with easy setup</li>
<li>Provides several features, such as NFT trading, multipool staking, and more</li>
<li>Supports Cardano tokens</li>
<li>Allows multiple hardware wallet integrations</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>No mobile app</li>
<li>Limited to ADA</li>
</ul>
<h2 id="2.3">VESPR – Best Cardano Mobile Wallet</h2>
<p><a href="https://vespr.xyz/" target="_blank">VESPR</a> is the best Cardano wallet for mobile users. It’s another non-custodial lightweight wallet exclusively built for the Cardano ecosystem.</p>
<p>VESPR operates as a non-custodial wallet, ensuring user privacy by not storing personal information such as email addresses, passwords, secret recovery phrases (SRPs), or private keys.</p>
<p>Likewise, the wallet is praised for its simple and intuitive design—but it’s packed with enough features to keep advanced users busy all day.</p>
<h3>Notable Features of VESPR</h3>
<ul>
<li>VESPR features a built-in decentralized exchange (DEX) aggregator that helps users find the best exchange rates across all Cardano DEXs</li>
<li>The wallet allows users to explore hundreds of dApps on the Cardano ecosystem thanks to its dApp Browser feature</li>
<li>It supports NFTs on Cardano, allowing users to send, receive, and trade NFTs directly on the wallet</li>
<li>VESPR is a community-run project, with users having the right to vote on proposals to improve or change the wallet</li>
<li>Allows users to stake ADA and earn around 3% APY directly on the wallet</li>
</ul>
<h3>VESPR Security</h3>
<p>VESPR leverages multiple encryption methods to safeguard users’ funds and general data. Likewise, it allows users to set up passwords, pins, and biometric authentication. For an extra security touch, it supports hardware wallet integration with Ledger.</p>
<p>VESPR was also the first ADA wallet to undergo an audit.</p>
<h3>Pros and Cons of VESPR</h3>
<p>Pros explained:</p>
<ul>
<li>User-friendly mobile wallet</li>
<li>Supports staking</li>
<li>Community-led project</li>
<li>Open-source</li>
<li>Feature-rich wallet</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>No support for other wallets or blockchains</li>
<li>No desktop support</li>
</ul>
<h2 id="2.4">Yoroi Wallet – Best Cardano Light Wallet</h2>
<p><a href="https://yoroi-wallet.com/#/" target="_blank">Yoroi</a> is a light wallet designed by EMURGO, a crypto company that produces blockchain products for Cardano. It’s available as a browser extension and has a mobile version for iOS and Android users.</p>
<p>Yoroi comes with a handful of features for ADA enthusiasts, including an NFT gallery for users to display, explore, store, and trade NFTs and a Web3 portal to access Cardano’s vast ecosystem of dApps and decentralized protocols.</p>
<h3>Notable Features of Yoroi Wallet</h3>
<ul>
<li>Yoroi facilitates onboarding by providing a user-friendly interface for wallet funding, staking, and swapping tokens</li>
<li>It provides a dApp browser and supports several blockchains, including EVM-compatible networks</li>
<li>While it does not provide multipool staking, users can stake ADA by delegating to network validators</li>
<li>Besides ADA, it supports Cardano-based tokens, including stablecoins such as USDM</li>
</ul>
<h3>Yoroi Wallet Security</h3>
<p>Yoroi is a self-custodial wallet that generates encrypted private keys for users and allows them to set up password protection and recovery seed options in case they lose access to their funds. The wallet is also open-source, allowing anyone to explore the source code on GitHub.</p>
<p>Yoroi also allows users to integrate a hardware wallet, like Trezor and Ledger, adding an extra layer of security for their funds.</p>
<h3>Pros &amp; Cons of Yoroi Wallet</h3>
<p>Pros explained:</p>
<ul>
<li>Supports ADA staking</li>
<li>Supports Cardano tokens</li>
<li>Provides a dApp browser</li>
<li>Supports hardware wallet integration</li>
<li>Comes in a mobile version for iOS and Android</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>Does not support multipool staking</li>
<li>Relies on external nodes for accessing blockchain data</li>
</ul>
<h2 id="2.5">Eternl – Best Cardano Wallet for Staking</h2>
<p><a href="https://eternl.io/" target="_blank">Eternl</a> is a versatile light wallet developed by the team behind TITAN and AHL, two popular Cardano staking pools. It’s among the most popular Cardano wallets on social media and the ADA community.</p>
<p>Eternl comes in multiple versions—browser extension, desktop, and mobile. It’s self-custodial, so users bear responsibility for their privacy and security. Similarly, it’s a community-run project with an open-source code, encouraging developer contributions.</p>
<p>It’s one of the best Cardano wallets for staking because it supports all Cardano tokens and provides multipool staking with high APY. Moreover, the user-friendly interface facilitates all the features within the wallets.</p>
<h3>Notable Features of Eternl</h3>
<ul>
<li>Eternl provides access to Cardano dApps through a browser extension and a mobile app. It’s one of the best Cardano wallets for exploring and engaging with the ecosystem</li>
<li>Supports multipool staking, providing users with 3.5% in APY on multiple Cardano pools</li>
<li>Supports multiple types of tokens, including NFTs and Cardano-based tokens, making it a versatile solution for users</li>
<li>Allows users to integrate hardware wallets for extra security</li>
</ul>
<h3>Eternl Security</h3>
<p>Eternal provides all the necessary security features, such as a recovery phrase, password, biometric access, and other mechanisms. However, it’s not open-source, which might be a concern because it’s a light wallet relying on external parties.</p>
<h3>Pros &amp; Cons of Eternl</h3>
<p>Pros explained:</p>
<ul>
<li>Accessible as a mobile app on the App Store and Google Play and as browser extensions for Brave Browser and Google Chrome</li>
<li>Fast synchronization for transaction and data retrieval</li>
<li>Staking and dApps: Eternl simplifies staking and connecting to decentralized applications, making it convenient for users to engage with Cardano’s ecosystem</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>It is not open source, leading to concerns about transparency among some users</li>
<li>Complex interface, which might not be ideal for new users</li>
</ul>
<h2 id="2.6">Exodus – Best Cardano Wallet for Hardware Integration</h2>
<p><a href="https://www.exodus.com/" target="_blank">Exodus</a> is a versatile crypto wallet that can be the best option for safeguarding ADA thanks to its integration with Trezor, more specifically, Trezor Safe 3, which supports over 8,000 cryptocurrencies and comes with security features like the Secure Element, a certified EAL6+ chip.</p>
<p>The wallet supports over 50 blockchain networks. It’s available as a desktop wallet, browser extension, and mobile app on iOS and Android.</p>
<h3>Notable Features of Exodus Wallet</h3>
<ul>
<li>Exodus supports in-app staking for ADA, allowing users to earn rewards directly on the app</li>
<li>The wallet provides a feature-rich browser extension for accessing Cardano dApps and NFTs</li>
<li>It provides a built-in exchange, allowing users to trade and manage ADA and other assets without recurring to external, centralized crypto exchanges</li>
<li>The wallet provides a fiat onramp, allowing users to purchase cryptocurrencies via services like Moonpay, Ramp, Sardine, and Robinhood Connect (availability varies by location). Purchases can be made using debit or credit cards, with funds deposited directly into the Exodus wallet.</li>
</ul>
<h3>Exodus Wallet Security</h3>
<p>Exodus’ security features are pretty basic. It only provides users with a seed phrase, and that’s about it. It does not provide scam alerts, biometric authentication, 2FA, or any other security mechanism in today’s wallets.</p>
<p>That said, Exodus reminds users that they bear full responsibility for their wallet’s safety; if their device is lost, compromised, or left vulnerable, their funds are at risk.</p>
<p>However, the Exodus team consistently updates users on the wallet’s status, promptly addresses any vulnerabilities, and makes it compatible with multiple hardware wallets.</p>
<h3>Pros &amp; Cons of Exodus Wallet</h3>
<p>Pros explained:</p>
<ul>
<li>Easy setup for desktops, browsers, or mobile devices. It allows users to sync a single wallet using a 12-word seed phrase</li>
<li>Customer support is available via chat, email, help pages, and educational content on safety practices</li>
<li>Regular updates and security reports every two weeks</li>
<li>Supports staking directly through the wallet</li>
<li>Allows hardware wallet integration with Ledger and Trezor</li>
</ul>
<p>Cons explained:</p>
<ul>
<li>Lack of extra security mechanisms, such as 2FA, biometric access, and more</li>
<li>Not open source</li>
</ul>
<h2 id="3">Best Cardano (ADA) Wallets – Final Тhoughts</h2>
<p>There’s a wallet to suit every preference. However, it’s crucial to analyze each wallet’s pros and cons, range of features, functionalities, and security to choose the Cardano wallet that best suits you.</p>
<p>Our comprehensive guide on the best Cardano wallets highlights their diverse range of applications—each offering unique features tailored to different needs.</p>
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Best Cardano (ADA) Wallets in 2024 - Top 6 Options Reviewed

<div>
<p>TL;DR</p>
<ul>
<li>Cardano’s Total Value Locked (TVL) has experienced<strong> a 166% increase quarter over quarter</strong>, solidifying it as one of the leading DeFi platforms in the crypto market.</li>
<li><strong>Minswap remains one of the most popular dApps</strong> on Cardano, but the entry of new players like <strong>Indigo</strong> expands the platform’s DeFi ecosystem.</li>
<li>The <strong>Midnight project will provide advanced data protection solutions</strong> in both the DeFi and traditional finance worlds.<br />
<hr />
</li>
</ul>
<p><strong><a href="https://crypto-economy.com/knowing-cardano-protocol/" target="_blank">Cardano’s</a> ecosystem has seen significant <a href="https://messari.io/report/state-of-cardano-q4-2023" target="_blank">growth</a> in recent months, achieving significant advancements in the decentralized finance (DeFi) space</strong> and technological innovation. This growth is reflected in several key aspects, such as the increase in Total Value Locked (TVL), activity in decentralized applications (dApps), and community engagement in project governance.<span></span></p>
<p>Firstly, <strong>TVL has experienced a substantial increase</strong>, reaching record levels in the last quarter. This increase, which has been<strong> 166% quarter over quarter</strong>, highlights the growing interest and confidence in Cardano’s ecosystem among users and developers. This rise in TVL has propelled Cardano’s position in the global ranking, consolidating it as <strong>one of the leading DeFi platforms in the crypto market</strong>.</p>
<p>In addition to the TVL increase, <strong>activity in dApps has also been significant.</strong> <strong>Minswap</strong>, an automated exchange platform, <strong>has maintained its position as one of the most popular dApps on Cardano</strong>, with a notable increase in transaction activity. However, the entry of new players like Indigo has diversified the dApp landscape on Cardano, demonstrating the growing competition in the platform’s DeFi ecosystem.</p>
<p><img src="https://crypto-economy.com/es//wp-content/uploads/sites/4/2023/12/Cardano-Ada-1.jpg" alt="Cardano post" /></p>
<h2>Cardano Owes Itself to Its Own Community; the Central Axis of Its Growth</h2>
<p>However, it also faces key challenges. T<strong>he implementation of the stateless extended unspent transaction output (eUTXO)</strong> mechanism has required decentralized exchanges (DEXs) <strong>to develop innovative solutions to adapt to Cardano’s infrastructure</strong>. Despite these challenges, projects like MuesliSwap are actively working to improve their processes to make the most of the platform’s unique capabilities.</p>
<p>In addition to <a href="https://crypto-economy.com/defi-decentralized-finances/" target="_blank">DeFi</a> advancements, is also exploring <strong>new opportunities in the realm of data protection and privacy</strong>. Associated projects like <strong>Midnight</strong> are using zero-knowledge technology to offer <strong>advanced data protection solutions</strong>, which could have applications in both the DeFi world and traditional financial services.</p>
<p>Ultimately, Cardano’s continued success largely depends on <strong>the commitment and participation of its community</strong>. Projects like Project Catalyst are playing a fundamental role in involving community members <strong>in decision-making processes and resource allocation for innovative projects on the platform</strong>.</p>
<p>As the platform continues to scale and evolve, it is expected to continue playing an important role in transforming the global financial market towards a more decentralized and secure future.</p>
</div>

Dapps On Cardano ($)

Insights in to decentralized apps on Cardano network. Developed by @AdriaStakePool & @matiwinnetou

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