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Cardano Makers

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<ul><li><a target="_blank" href="https://crypto-economy.com/is-cardano-ada-better-than-ethereum-eth-charles-hoskinson-thinks-so/#Cardano_is_Superior_to_Ethereum_Says_Hoskinson" title="Cardano is Superior to Ethereum, Says Hoskinson">Cardano is Superior to Ethereum, Says Hoskinson</a></li><li><a target="_blank" href="https://crypto-economy.com/is-cardano-ada-better-than-ethereum-eth-charles-hoskinson-thinks-so/#How_ADA_Beats_ETH_in_terms_of_Staking" title="How ADA Beats ETH in terms of Staking?">How ADA Beats ETH in terms of Staking?</a></li></ul></div>
<p>In a recent <a href="https://twitter.com/IOHK_Charles/status/1686442050919571456" target="_blank">tweet</a>, <strong>Charles Hoskinson, the founder of Cardano (ADA), highlighted the financial advantage of Cardano over <a href="https://crypto-economy.com/ethereum-issues-a-1m-mev-block-reward-following-curve-finance-exploit/" target="_blank">Ethereum (ETH)</a> in regards to transaction costs.</strong><span></span></p>
<p>On August 1, Hoskinson claimed a <strong>transaction of 56 assets on the Cardano (ADA) network cost just $0.14, a fee he says, could never be matched by Ethereum (ETH).</strong> He explained the lower costs may be attributed to the unique features of Cardano’s blockchain architecture including extended UTXO (Eutxo), native assets, and its smart contract language Plutus.</p>
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<p>It's almost as if eutxo, native assets, and Plutus are a good idea or something? <a href="https://t.co/PEnKgQgcpV" target="_blank">https://t.co/PEnKgQgcpV</a></p>
<p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1686442050919571456?ref_src=twsrc%5Etfw" target="_blank">August 1, 2023</a></p></blockquote>
<h2><span></span>Cardano is Superior to Ethereum, Says Hoskinson<span></span></h2>
<p><strong>Extended UTXO refers to the underlying ledger model of the ADA network.</strong> Cardano’s EUTXO combines and matures Bitcoin’s (BTC) security and Ethereum’s (ETH) programmability. As per Hoskinson, this model is vastly superior to the account-based model used by other blockchains because it ensures enhanched security, interoperability ans scalibility.</p>
<p>On the other hand, <strong>Plutus is the platform’s smart contract language, which powers decentralized applications (DApps).</strong> It is a secure, full-featured programming environment based on Haskell, a top functional programming language. As a matter of fact, the security advantages that it provides makes sure there is an easier and robust way to check the correctness of the smart contracts.</p>
<p><img src="https://crypto-economy.com//wp-content/uploads/2023/08/Cardano-and-Ethereum-e1690964532733.jpg" alt="Is Cardano (ADA) Better than Ethereum (ETH)? Charles Hoskinson Thinks So" srcset="https://crypto-economy.com//wp-content/uploads/2023/08/Cardano-and-Ethereum-e1690964532733.jpg 825w, https://crypto-economy.com//wp-content/uploads/2023/08/Cardano-and-Ethereum-e1690964532733-300x109.jpg 300w, https://crypto-economy.com//wp-content/uploads/2023/08/Cardano-and-Ethereum-e1690964532733-768x278.jpg 768w, https://crypto-economy.com//wp-content/uploads/2023/08/Cardano-and-Ethereum-e1690964532733-18x7.jpg 18w" /></p>
<p>The ADA founder reiterated <strong>these elements are designed to ensure secure and cost-efficient transactions, creating a comprehensive and sustainable network than other blockchain platforms.</strong> He noted the lower transaction cost is a major point of contention between ADA and ETH.</p>
<p>The Ethereum network is particularly infamous for high gas fees. Many users have expressed frustration with the lofty fees associated with using Ethereum (ETH), making it difficult to justify using the platform for smaller transactions.</p>
<h2><span></span>How ADA Beats ETH in terms of Staking?<span></span></h2>
<p><strong>This is not the first time the Cardano Founder has denounced Ethereum.</strong> Previously,Hoskinson had <a href="https://www.youtube.com/watch?v=P7ST5FbZ1E8" target="_blank">criticized</a> Ethereum’s network by calling it overrated and outlining a lack of vital qualities. More rcently, he also explained why ADA is superior to ETH in terms of staking.</p>
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<p>Cardano is pretty special. It's almost like a lot of people thought about how to build an excellent staking protocol years ago and made it happen <a href="https://t.co/SydlMTYyy1" target="_blank">pic.twitter.com/SydlMTYyy1</a></p>
<p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1642688908478795776?ref_src=twsrc%5Etfw" target="_blank">April 3, 2023</a></p></blockquote>
<p>Furthermore, in Aplril 2023, Hoskinson took to Twitter to <a href="https://twitter.com/IOHK_Charles/status/1642688908478795776" target="_blank">reveal</a> the Cardano [ADA] network had significantly more unique staking wallets than Ethereum (ETH). <strong>The data provided by Hoskinson showed that the number of unique users staking on Cardano was nearly 1.23 million as compared to just 88,400 on the Ethereum chain.</strong></p>
<p>In the recent past, <strong>Cardano makers have put in formidable efforts to bolster network adoption as well as bringing in several upgrades to improve efficiency.</strong> On July 30, ADA devs, launched a long-anticipated upgrade, <em>“Mithril,”</em> a stake-based signature protocol, in an effort to enhance the speed and efficiency of node syncing times on the mainnet, raming upsecurity and transaction processing timelines.</p>
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Crypto economy (EN)

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Is Cardano (ADA) Better than Ethereum (ETH)? Charles Hoskinson Thinks So - Crypto Economy

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<p><a target="_blank" href="https://crypto-economy.com/">Home</a><span> - </span><a target="_blank" href="https://crypto-economy.com/category/cryptocurrencies/cardano-news/">Cardano News</a><span> - </span><span>Cardano (ADA) Releases Mithril Protocol to Increase Network Efficiency</span></p>
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<div><p><a target="_blank" href="https://crypto-economy.com/cardano-ada-releases-mithril-protocol-to-increases-network-efficiency/"><img src="https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-1-e1690806392432-768x432.jpg" alt="Cardano (ADA) Releases Mithril Protocol to Increases Network Efficiency" srcset="https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-1-e1690806392432-768x432.jpg 768w, https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-1-e1690806392432-300x169.jpg 300w, https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-1-e1690806392432-1024x576.jpg 1024w, https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-1-e1690806392432-18x10.jpg 18w, https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-1-e1690806392432.jpg 1200w" /></a>
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<ul><li><a target="_blank" href="https://crypto-economy.com/cardano-ada-releases-mithril-protocol-to-increases-network-efficiency/#What_is_Mithril" title="What is Mithril?">What is Mithril?</a></li><li><a target="_blank" href="https://crypto-economy.com/cardano-ada-releases-mithril-protocol-to-increases-network-efficiency/#Cardano_Continues_to_Boost_Network" title="Cardano Continues to Boost Network">Cardano Continues to Boost Network</a></li></ul></div>
<p><strong>The Cardano (<a href="https://crypto-economy.com/cardano-remains-unreliable-despite-advances/" target="_blank">ADA</a>) network has launched a long-anticipated major upgrade, <em>“Mithril,”</em> </strong>a stake-based signature protocol that enhances the speed and efficiency of node syncing times on the mainnet.<span></span></p>
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<p>In a world driven by constant innovation, blockchain based networks also need substantial upgrades to increase their network efficiency and compete with other rival blockchains. These routine updates are necessary in order to improve security as well as bolster further decentralization of the network.</p>
<p>With the data load on blockchains bulking up each passing day, several networks have begun to deploy improvements to their current ecosystems. The Cardano blockchain is the latest one to be getting ready to receive a network revamp, that seems to have stirred a buzz in the global crypto community.</p>
<h2><span></span>What is Mithril?<span></span></h2>
<p>On July 30, Charles Hoskinson, CEO of the firm that’s behind Cardano (ADA) took to Twitter to announce the the launch of Mithril. <strong>The new protocol enhances node­ synchronization speed and efficie­ncy on the mainnet and has been meticulously designed to elevate the security and transaction processing timelines. </strong></p>
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<p><a href="https://t.co/9t5ixVIkw3" target="_blank">https://t.co/9t5ixVIkw3</a> <a href="https://t.co/J9oiMMiUQn" target="_blank">pic.twitter.com/J9oiMMiUQn</a></p>
<p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1685511417804251136?ref_src=twsrc%5Etfw" target="_blank">July 30, 2023</a></p></blockquote>
<p>As per the official <a href="https://iohk.io/en/blog/posts/2023/07/20/mithril-nears-mainnet-release/" target="_blank">website</a>, Mithril empowe­rs the nodes to swiftly validate block authe­nticity without the need to download the­ complete blockchain history, encancing the scalability, se­curity, and performance of the ne­twork.</p>
<p>Not only this, the new protocol will also expand the kinds of decentralised applications (dApps) it could host. <span>In a nutshell, <strong>the Mithril upgrade is aimed at making Cardano better in terms of efficiency of its speed, security, and decentralised decision-making capabilities.</strong></span></p>
<p>Furthermore, the architecture of Mithril consists of three key parts: the Mithril Signer, the Mithril Aggregator, and the Mithril Client. Together, these components interact to provide a secure and dependable process, handling everything from creating new key pairs to ensuring that the ledger remains secure.</p>
<p><img src="https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-Mithril-1-e1690805889438.jpg" alt="Cardano (ADA) Releases Mithril Protocol to Increases Network Efficiency" srcset="https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-Mithril-1-e1690805889438.jpg 825w, https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-Mithril-1-e1690805889438-300x111.jpg 300w, https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-Mithril-1-e1690805889438-768x284.jpg 768w, https://crypto-economy.com//wp-content/uploads/2023/07/Cardano-Mithril-1-e1690805889438-18x7.jpg 18w" /></p>
<p>As the Mithril protocol mainnet beta has now been launched, the team is monitoring the network and expects it to start producing certificates during the next Cardano epoch.<strong>In addition to rele­asing Mithril, Cardano has also introduced node v.8.1.2—a minor update of the­ir node that brings enhanceme­nts to the Plutus interprete­r.</strong> Plutus serves as the smart contract language­ utilized by Cardano to build DApps on the network.</p>
<h2><span></span>Cardano Continues to Boost Network<span></span></h2>
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<p><span><strong>Over the past few months, Cardano makers have put in formidable efforts to bolster adoption as well as bring in several changes.</strong> On April 11, ADA maker Input Output Global (IOG) launched </span><span>Lace 1.0,</span><span> the network’s first lightweight wallet solution, on the mainnent. </span></p>
<blockquote>
<p>We are delighted to announce that <a href="https://twitter.com/marlowe_io?ref_src=twsrc%5Etfw" target="_blank">@Marlowe_io</a> has been audited both internally and externally by <a href="https://twitter.com/tweagio?ref_src=twsrc%5Etfw" target="_blank">@tweagio</a>, and is now available for developers to run on Cardano mainnet!</p>
<p>Marlowe is a set of tools that enables the development, integration, and deployment of <a href="https://twitter.com/hashtag/smartcontracts?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#smartcontracts</a> on… <a href="https://t.co/M5dMygDf7J" target="_blank">https://t.co/M5dMygDf7J</a></p>
<p>— Input Output (@InputOutputHK) <a href="https://twitter.com/InputOutputHK/status/1663497066935451649?ref_src=twsrc%5Etfw" target="_blank">May 30, 2023</a></p></blockquote>
<p>The wallet aims to transform the way users interact with the Cardano blockchain ecosystem as it combines multiple functions in one place. In addition, recently, IOG <a href="https://crypto-economy.com/cardano-announces-the-launch-of-marlowe-a-smart-contracts-platform/" target="_blank">launched</a> an open source toolset allowing any user to develop apps. Called ‘Marlowe’, the toolkit offers the community a simple way to create smart contract and dApps without the need for programming skills or experience with coding.</p>
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Cardano (ADA) Releases Mithril Protocol to Increase Network Efficiency - Crypto Economy

<div id="content"><div><div><div id="primary"><div><div><div><ul><li>ADA Price at the time of writing &ndash; $0.9635</li><li>100K new wallets also joined Cardano</li><li>The total figure stands at 3.268 million as of April 19</li></ul><p>Movement on the Cardano blockchain is beginning to warm up, with 400 new tasks underway alongside 100,000 new wallets being made throughout the last month.</p><p>As indicated by a Tuesday Twitter post from Cardano makers Input Output (IOHK), there are almost 900 activities being developed on the organization. The figure has become by approximately 400 since March 11, after IOHK Vice President Tim Harrison expressed that the all out remained at around 500 through Linkedin post.</p><p>Cardano is a public and decentralized evidence of-stake (PoS) blockchain that was made by Ethereum fellow benefactor Charles Hoskinson in 2017 after he left the group over questions on the future course of the organization.</p><p>Highlighting a portion of the positive advancements on Cardano throughout recent days, IOHK featured six ventures going from token trades to decentralized finance (DeFi) applications that went live on the mainnet, entered test nets or sent off by means of open beta.</p><h2>Cardano doesn&rsquo;t even make the top 15 blockchains</h2><p>One new venture certainly standing out is the AGIX ERC-20 Converter Bride, which was created as a team with SingularityNET.</p><p>The device went experience this week and it empowers clients to connect over Ethereum-based ERC-20 Tokens for use on Cardano, with the organization&rsquo;s DeFi area expected to be a critical recipient.</p><p>Notwithstanding expanding quantities of activities being developed, the quantity of decentralized applications (DApps) ready on Cardano seems, by all accounts, to be restricted, with DefiLlama posting only 10 unique stages representing $224.96 worth of all out esteem locked (TVL). Outstandingly, four of those stages have $0 TVL additionally beyond their local tokens.</p><p>On the nonfungible token (NFT) side of things, Cardano doesn&rsquo;t make the main 15 blockchains concerning deals volume throughout the course of recent hours, notwithstanding fifteenth positioned Theta just producing $375 during that period.</p><p>It has been a gradual process for Cardano since sending off smart contracts in September, with the organization yet to completely take off and give the guaranteed rivalry to Ethereum, or even individual ETH executioners like Solana, Avalanche and Flow.</p><p>Nonetheless, organizer Charles Hoskinson as of late proposed in a video presented on his YouTube channel that the tide could before long turn with the forthcoming Vasil Hard Fork update in June. He expressed that it will give a &ldquo;enormous execution improvement to Cardano&rdquo; and its savvy contract abilities.</p><p><a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/2022/04/19/founder-jack-dorsey-slams-twitters-board-amid-takeover-push/">ALSO READ: Founder Jack Dorsey slams Twitter&rsquo;s board amid takeover push</a></p><h2>ADA Wallet flood</h2><p>One area of solid development right now is wallet action on Cardano, with information from Cardano Blockchain bits of knowledge showing that the quantity of ADA wallets has expanded by 100,000 since March 22. The complete figure as of April 19 stands at 3.268 million.</p><p>Inside that time period, the typical pace of new ADA wallets each day has flooded from around 2,000 to 8,129. The quantity of exchanges/installments each day has scarcely poked, in any case, diminishing from 106,952 on March 22 to 106,525 on April 19.</p><p>Zooming out, exchanges bigger than $100,000 have expanded by 50x since the beginning of 2022, recommending that a solid institutional interest may as of now be there.</p><div><div><p><a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/author/andrew-smith/" title="Andrew Smith"> <img fifu-featured="1" loading="lazy" width="64" height="64" data-src="https://www.thecoinrepublic.com/wp-content/uploads/2022/02/Andrew-Smith.jpeg" src="https://www.thecoinrepublic.com/wp-content/uploads/2022/02/Andrew-Smith.jpeg"></a></p><p>Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing</p><p><a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/author/andrew-smith/" title="Andrew Smith"><img fifu-featured="1" loading="lazy" width="64" height="64" data-src="https://www.thecoinrepublic.com/wp-content/uploads/2022/02/Andrew-Smith.jpeg" src="https://www.thecoinrepublic.com/wp-content/uploads/2022/02/Andrew-Smith.jpeg"></a></p><div><p>Latest posts by Andrew Smith <span>(<a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/author/andrew-smith/">see all</a>)</span></p></div></div></div></div><p>Source: https://www.thecoinrepublic.com/2022/04/20/400-new-projects-in-a-month-on-cardano/</p></div></div><h2>Post navigation</h2></div></div></div></div>


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400 new projects in a month on Cardano

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<p>The number of ADA wallets has grown by 100,000 since March 22.  As a result, a total of 3.268 million wallets have now been created.  There are also 400 new projects in the works on the Cardano Network.</p>
<hr><h2 id="h-nieuwe-projecten-en-wallets">New projects and wallets</h2>
<p>According to an April 19 Twitter post from Cardano makers Input Output (IOHK), there are nearly 900 projects in development on the network.  That number has increased by about 400 since March 11.  OHK Vice President Tim Harrison stated via<a target="_blank" href="https://www.linkedin.com/posts/timbharrison_cardano-buildingoncardano-defi-activity-6908159190955917313-hz9V/" rel="noopener"> a Linkedin post</a> that the total was about 500.</p>

<p lang="en" dir="ltr">As of today, nearly 900 projects are <a target="_blank" href="https://twitter.com/hashtag/BuildingOnCardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#BuildingOnCardano</a>&#9874;&#65039; And this number goes up day by day.  Keeping track of all the news from this incredible ecosystem is not easy &amp; this is why every week we compile an ecosystem digest with highlights &amp; updates.<a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener">#cardano</a> <a target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener">$ADA</a></p>
<p>&mdash; Input Output (@InputOutputHK) <a target="_blank" href="https://twitter.com/InputOutputHK/status/1516101805180084233?ref_src=twsrc%5Etfw" rel="noopener">Apr 18, 2022</a></p>
<p>Cardano is a public and decentralized proof-of-stake (PoS) blockchain created in 2017 by Ethereum co-founder Charles Hoskinson.  Hoskinson left the team due to disagreements over the future direction of the network.</p>
<p>IOHK discussed six projects, ranging from token swaps to DeFi applications, that went live on the mainnet.  A new project that is getting a lot of attention is the AGIX ERC-20 Converter Bride.  This project was developed in collaboration with SingularityNET.</p>
<p>The tool went live this week and will allow users to bridge Ethereum-based ERC-20 coins for use on Cardano.  The DeFi sector of the network is expected to be a major beneficiary.</p>

<p lang="en" dir="ltr">After all these years Cardano has finally found utility, to copy Ethereum. <a target="_blank" href="https://t.co/kdwaZaQJGf" rel="noopener">https://t.co/kdwaZaQJGf</a></p>
<p>&mdash; MatiGreenspan.near (@MatiGreenspan) <a target="_blank" href="https://twitter.com/MatiGreenspan/status/1516161122277154827?ref_src=twsrc%5Etfw" rel="noopener">Apr 18, 2022</a></p>
<hr><h2 id="h-de-kansen-van-cardano">Cardano&rsquo;s odds</h2>
<p>Despite the increasing number of projects, the number of DApps active on Cardano seems to be limited.  DeFi Llama lists just 10 different platforms that account for $224.96 in total value locked (TVL).  Four of those platforms have $0 TVL.  On the NFT side, Cardano doesn&rsquo;t even make the top 15 in terms of sales volume over the past 24 hours. </p>
<p>It has been a slow burn for Cardano since the launch of smart contracts in September.  The network has yet to get off the ground fully and it must provide the promised competition to Ethereum (ETH) and Solana, Avalanche and Flow.</p>
<p>Founder Charles Hoskinson recently suggested in a video on his YouTube channel that the tide could turn quickly with the upcoming Vasil Hard Fork upgrade in June.  He stated that it will be a huge improvement for Cardano and its smart contract capabilities.</p>
<hr><h2 id="h-aantal-ada-wallets-nemen-toe">Number of ADA wallets increasing</h2>
<p>Strong growth is seen in the wallet activity on Cardano.  The number of wallets on the Cardano Blockchain has increased by 100,000 since March 22.  The total amount on April 19 stands at 3.268 million.</p>

<p lang="en" dir="ltr">just getting started <a target="_blank" href="https://t.co/HGBiJY7n7U" rel="noopener">https://t.co/HGBiJY7n7U</a></p>
<p>&mdash; Charles Hoskinson (@IOHK_Charles) <a target="_blank" href="https://twitter.com/IOHK_Charles/status/1516097510380433409?ref_src=twsrc%5Etfw" rel="noopener">Apr 18, 2022</a></p>
<p>Within that time frame, the average number of new ADA wallets has increased from approximately 2,000 to 8,129.  However, the number of transactions per day barely increased, from 106,952 on March 22 to 106,525 on April 19.</p>
<p>Trades over $100,000 have increased 50x since the beginning of 2022.  This suggests that there may already be a strong <a target="_blank" href="https://cointelegraph.com/news/institutional-demand-as-large-transactions-on-cardano-up-50x-in-2022" rel="noopener">institutional </a>question is.</p>
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400 new projects and 100,000 new wallets on Cardano

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