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<div id="content"><div><div><div id="primary"><div><div><div><div>&ndash; Advertisement &ndash;<a target="_blank" href="https://bit.ly/3uvm777" rel="noopener"><img fifu-featured="1" alt="" title="" width="728" height="90" data-src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png" src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png"></a></div>COTI announces yet another partnership for Cardano&rsquo;s stablecoins.COTI, a DAG-based layer-1 protocol and the official issuer of Cardano stablecoin Djed, has announced yet another partnership for the algorithmic stablecoin. According to&nbsp;a Medium blog post today by COTI, Cogito Protocol is the latest firm to indicate interest in Cardano&rsquo;s Djed.&ldquo;We are pleased to announce another Djed partnership, this time with Cogito Protocol, a spin-off from SingularityNET, a multichain, decentralized AI platform,&rdquo; COTI said in an announcement.We are happy to announce a new Djed partnership, this time with Cogito Protocol, <a target="_blank" href="https://twitter.com/Singularity_NET?ref_src=twsrc%5Etfw" rel="noopener">@Singularity_NET</a>&rsquo;s spin-off, to add <a target="_blank" href="https://twitter.com/search?q=%24Djed&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener">$Djed</a> to its treasury reserve and explore other integration opportunities.Read more: <a target="_blank" href="https://t.co/WVGR3iuWj5" rel="noopener">https://t.co/WVGR3iuWj5</a> <a target="_blank" href="https://twitter.com/search?q=%24COTI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener">$COTI</a> <a target="_blank" href="https://t.co/kUeqFVs29Z" rel="noopener">pic.twitter.com/kUeqFVs29Z</a>&mdash; COTI (@COTInetwork) <a target="_blank" href="https://twitter.com/COTInetwork/status/1572210264191148032?ref_src=twsrc%5Etfw" rel="noopener">September 20, 2022</a>Per the announcement, Cogito Protocol will explore the possibility of launching stablecoin trading pairs between Cardano&rsquo;s Djed and its tracercoins, a new class of digital currencies.&nbsp;Furthermore, Cogito will also be adding Djed to its treasury reserve in a bid to shield the value of Cogito&rsquo;s stablecoins from fluctuating.Commenting on the development, Cloris Chen, Cogito&rsquo;s CEO, said the company partnered with COTI to use Djed because it has been following the development of the stablecoin for years.&ldquo;We have been following Djed&rsquo;s development for a long time. This partnership showcases the collaborative and inclusive nature of Cardanoland, and together,&rdquo; Chen said.Growing Adoption of Cardano&rsquo;s StablecoinIt is noteworthy that the development suggests&nbsp;<a target="_blank" href="https://thecryptobasic.com/2022/09/13/cotis-new-partnership-will-allow-cardano-stablecoin-djed-to-be-used-as-a-payment-method-for-nfts/" rel="noopener">a growing interest in Djed by top Cardano-related projects</a>. Since COTI was chosen as the official issuer by the Cardano development team, the DAG-based layer-1 protocol has collaborated with top companies to foster the widespread adoption of the stablecoin.As reported by TheCryptoBasic,&nbsp;<a target="_blank" href="https://thecryptobasic.com/2022/07/30/coti-engage-five-more-companies-extends-cardano-stablecoin-djed-partnerships/" rel="noopener">COTI inked partnership deals with five companies for Djed</a> in just one month. Some of the companies that have indicated an interest in Djed include Wingriders, Trading Trent, Kirkstone, Iagon, Thrift, Astarter, and Cardano Warriors.&ldquo;This partnership, along with some of the previous ones we have announced, will ensure the proper utilization of Djed across the entire Cardano ecosystem and create an increased use-case for it across multiple platforms,&rdquo; COTI noted.&ndash; Advertisement &ndash;</div>Source: https://thecryptobasic.com/2022/09/20/cogito-protocol-to-use-cardano-djed-as-a-treasury-reserve-for-its-stablecoins/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=cogito-protocol-to-use-cardano-djed-as-a-treasury-reserve-for-its-stablecoins</div></div><h2>Post navigation</h2></div></div></div></div>

BitcoinEthereumNews

Cogito Protocol To Use Cardano Djed As a Treasury Reserve for Its Stablecoins

<div id="content"><div><div><div id="primary"><div><div><div><div>&ndash; Advertisement &ndash;<a rel="nofollow noopener" target="_blank" href="https://bit.ly/3uvm777"><img fifu-featured="1" alt="" title="" width="728" height="90" data-src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png" src="https://thecryptobasic.com/wp-content/uploads/2022/04/Follow-Us-On-Google-News.png"></a></div>Cardano developers are not resting on their oars as they enter the final stages of developing a network optimization solution.In a tweet on Tuesday, Cardano chief Charles Hoskinson urged stake pool operators (SPOs) to get involved in testing Mithril, a Cardano network optimization solution, as it enters the final stages of development.&ldquo;SPOs, get involved with Mithril,&rdquo; the Input Output Global (IOG) founder tweeted.SPOs, get involved with Mithril. <a rel="nofollow noopener" target="_blank" href="https://t.co/vG1B2oVp8u">https://t.co/vG1B2oVp8u</a>&mdash; Charles Hoskinson (@IOHK_Charles) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/IOHK_Charles/status/1564712933212311553?ref_src=twsrc%5Etfw">August 30, 2022</a>Mithril is a solution developed by Cardano developers to optimize the data-sharing process between applications and nodes on the network. Notably, node synchronization is time-consuming as each node contains a full copy of the blockchain, requiring new nodes to download and verify each block. These require specialized equipment and extra time to synchronize the chain state. Mithril solves these by providing certified snapshots of the blockchain state in a staked-based signature scheme.Notably, the team first introduced Mithril at the Cardano Summit in 2021. The IOG <a rel="nofollow noopener" target="_blank" href="https://iohk.io/en/blog/posts/2022/08/29/mithril-proof-of-concept-is-now-open-source/">blog post</a> reveals that the participation of all SPOs will make the Mithril network fully secure. Furthermore, CardanoLand stake pool notes in a tweet that it takes only 40 mins to launch the Mithril node on the testnet.Started Mithril node on Preview Testnet successfully, it only took 40 min to setup. <a rel="nofollow noopener" target="_blank" href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Etfw">@IOHK_Charles</a> great documentation. <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/Going4No1?src=hash&amp;ref_src=twsrc%5Etfw">#Going4No1</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/CardanoMithril?src=hash&amp;ref_src=twsrc%5Etfw">#CardanoMithril</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/hashtag/CardanoCommunity?src=hash&amp;ref_src=twsrc%5Etfw">#CardanoCommunity</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/timbharrison?ref_src=twsrc%5Etfw">@timbharrison</a> <a rel="nofollow noopener" target="_blank" href="https://twitter.com/benohanlon?ref_src=twsrc%5Etfw">@benohanlon</a> <a rel="nofollow noopener" target="_blank" href="https://t.co/DkmJqtD8dQ">pic.twitter.com/DkmJqtD8dQ</a>&mdash; &#8371; CardanoLand (ACL) (@CardanoLand) <a rel="nofollow noopener" target="_blank" href="https://twitter.com/CardanoLand/status/1564748637544058883?ref_src=twsrc%5Etfw">August 30, 2022</a>It bears mentioning that the Cardano network is on the brink of a significant upgrade at this time. On a live stream on Friday, Hoskinson noted that he expects the long-awaited Vasil hard fork to launch on the main network (mainnet) in September, barring any serious slowdown in development.Notably, the Vasil hard fork upgrade promises to improve the network&rsquo;s throughput, reduce transaction costs, and improve smart contract and decentralized app (dApp) development with improvements to the smart contract scripting language Plutus. Consequently, the upgrade is set to usher in a wave of dApps that promise to boost the total value locked (TVL) on the Cardano network.As reported by The Crypto Basic on Monday, <a rel="nofollow noopener" target="_blank" href="https://thecryptobasic.com/2022/08/29/one-of-three-requirements-for-vasil-launch-met-as-75-cardano-blocks-are-now-created-by-vasil-friendly-nodes/">one of the three requirements for launching the hard fork on the mainnet has been met</a>, as 75% of block-producing nodes were running version 1.35.3, the final node for the basil upgrade. <a rel="nofollow noopener" target="_blank" href="https://pooltool.io/networkhealth">Pooltool</a> currently puts the figure at 82% today.The remaining metrics include integration by at least 25 central exchanges and the top 10 dApps by TVL. The <a rel="nofollow noopener" target="_blank" href="https://iohk.zendesk.com/hc/en-us/articles/7981157534105-Ecosystem-readiness-for-Vasil-upgrade">data</a> shows that four exchanges have upgraded while several are in the process, while four of the top 10 dApps have already finished testing node 1.35.3.&ndash; Advertisement &ndash;</div>Source: https://thecryptobasic.com/2022/08/31/cardano-founder-charles-hoskinson-pushes-network-optimization-solution-as-vasil-hard-fork-approaches/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=cardano-founder-charles-hoskinson-pushes-network-optimization-solution-as-vasil-hard-fork-approaches</div></div><h2>Post navigation</h2></div></div></div></div>

Cardano Founder Charles Hoskinson Pushes Network Optimization Solution As Vasil Hard Fork Approaches

<div> <a href="https://go.stormgain.com/visit/?bta=100771&amp;nci=11741" target="_Top"><img src="image/svg+xml,%3Csvg%20xmlns=&#039;http://www.w3.org/2000/svg&#039;%20viewBox=&#039;0%200%20728%2090&#039;%3E%3C/svg%3E" width="728" height="90" data-lazy-src="//stormgain.ck-cdn.com/tn/serve/?cid=527347"></a> Cardano, which is a 3rd generation crypto, is working towards removing the limitation which otherwise is possessed by 1st generation Bitcoin and 2nd generation Ethereum. Scalability has been a significant issue for Proof of Work blockchain-based networks, and the trading fees of Ethereum is now as equivalent as Bitcoin that exceeds $1. On the other hand, Cardano is working towards eliminating all these factors for luring massive networkers towards digitalization and accepting cryptocurrencies with an enhanced use case and adaptability.<a href="https://go.stormgain.com/visit/?bta=100771&amp;nci=11741" target="_Top" rel="nofollow noopener"><img src="image/svg+xml,%3Csvg%20xmlns=&#039;http://www.w3.org/2000/svg&#039;%20viewBox=&#039;0%200%20728%2090&#039;%3E%3C/svg%3E" width="728" height="90" alt="Cardano (ADA) Appears Intraday Bullish; Trades Above $0.130" title="Cardano (ADA) Appears Intraday Bullish; Trades Above $0.130" data-lazy-src="//stormgain.ck-cdn.com/tn/serve/?cid=527347"></a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Ethereum</a> is currently clogged and average TX fees are above $1. It is similar to <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Bitcoin</a>.<a href="https://twitter.com/hashtag/Scalability?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Scalability</a> is still a big issue for <a href="https://twitter.com/hashtag/PoW?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#PoW</a> <a href="https://twitter.com/hashtag/blockchains?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#blockchains</a>. People would like playing with <a href="https://twitter.com/hashtag/blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#blockchain</a> but the high fees prevent it. The <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Cardano</a> era will fix it. It is time for migration. <a href="https://t.co/HLomYKJNhu" rel="nofollow" target="_blank">pic.twitter.com/HLomYKJNhu</a> &mdash; Cardanians.io (@Cardanians_io) <a href="https://twitter.com/Cardanians_io/status/1285932005713154049?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">July 22, 2020</a> With Shelly in place to hit the market and working of Cardano, the competitors of the network are going to face a tough year ahead. Shelly has been the major throughput for Cardano and is growing impressively throughout the network. Not even a day has passed and the <a href="https://twitter.com/hashtag/Shelley?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Shelley</a> mainnet candidate keeps growing beautifully. That&rsquo;s what we call true decentralization. Go <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Cardano</a>!<a href="https://twitter.com/PooltoolI?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@PooltoolI</a> <a href="https://twitter.com/RichardMcCrackn?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@RichardMcCrackn</a> <a href="https://twitter.com/angelstakepool?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@angelstakepool</a> <a href="https://twitter.com/PoolGrow?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@PoolGrow</a> <a href="https://twitter.com/CardanoSG?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@CardanoSG</a> <a href="https://twitter.com/CardanoLand?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@CardanoLand</a> <a href="https://t.co/6sxs6VOYQx" rel="nofollow" target="_blank">pic.twitter.com/6sxs6VOYQx</a> &mdash; AtlasStakePool (@AtlasStakePool) <a href="https://twitter.com/AtlasStakePool/status/1286637217994215425?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">July 24, 2020</a> Regarding this, ADA coin price has been spiking and maintaining a stance above $0.100 right after the high it claimed in the early half of the ongoing month. At the press time, Cardano was trading at $0.130, well above $0.10 and $0.11. <h2>Cardano Price Analysis</h2> <figure id="attachment_65190" aria-describedby="caption-attachment-65190"><a href="https://www.cryptonewsz.com/wp-content/uploads/2020/07/ADA-Price-Chart-2.jpg"><img title="Cardano (ADA) Price News" src="image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAYYAAADcAQMAAABOLJSDAAAAA1BMVEUAAACnej3aAAAAAXRSTlMAQObYZgAAACJJREFUaIHtwTEBAAAAwqD1T20ND6AAAAAAAAAAAAAA4N8AKvgAAUFIrrEAAAAASUVORK5CYII=" loading="lazy" data-src="/wp-content/uploads/2020/07/ADA-Price-Chart-2.jpg" alt="Cardano News" width="1265" height="582"></a><a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank" rel="noopener">ADA/USD Chart By TradingView</a></figure>Cardano&rsquo;s price movement in two-time frames has been different yet holds one thing in common is the bullish crossovers after having traded persistently in the last two weeks now. <a href="https://www.cryptonewsz.com/cardano-turns-up-to-be-intraday-gainer/">ADA coin</a>, since the beginning of the ongoing month, has been exhibiting a steep surge in the price. Moreover, the currency has grown over 570% in 4 months from crashing and touching the YTD bottom around $0.020 to hitting an approximate 2-year high at $0.135. ADA coin has been on a roll due to its blockchain network of Cardano without any price manipulation. The technicals here are undoubtedly drawing positive sentiments irrespective of the MACD indicator that holds bearish divergence as the price of ADA pulls back from trading around $0.140 to currently trading at $0.130. However, Cardano is retaining strong support from MA50 &amp; MA200 at $0.0997 and $0.0602. The 20-day Bollinger Bands do not project any massive volatility in the upcoming days, which has led to increased demand, and the RSI is therefore inclined to the overbought region at 64.82. <a href="https://www.cryptonewsz.com/wp-content/uploads/2020/07/ADA-Price-Chart-1-1.jpg"><img title="Cardano Price News" src="image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAYYAAADcAQMAAABOLJSDAAAAA1BMVEUAAACnej3aAAAAAXRSTlMAQObYZgAAACJJREFUaIHtwTEBAAAAwqD1T20ND6AAAAAAAAAAAAAA4N8AKvgAAUFIrrEAAAAASUVORK5CYII=" loading="lazy" data-src="/wp-content/uploads/2020/07/ADA-Price-Chart-1-1.jpg" alt="ADA News" width="1265" height="535"></a> On the other hand, the 25-day movement of ADA coin is holding a constant trade after breaching above $0.100 and $0.11 with complete support from 50-day, 200-day, and 10-day MA. With an intraday gain and bullish candlewick, we see a slight widening of 20-day BB on a 2-hourly chart, which is not a major concern at the moment as the intraday demand has risen above 70 at 74.92 on the RSI graph and the coin is strongly a great investment. </div>

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