 It offers a WebSockets API that enables local clients to speak Ouroboros' mini-protocols via JSON/RPC.
 
 Can you explain Ogmios in one three sentences?
Ogmios is a lightweight bridge interface for cardano-node. It offers a WebSockets API that enables local clients to speak Ouroboros' mini-protocols via JSON/RPC. Ogmios is a fast and lightweight solution that can be deployed alongside relays to create entry points on the Cardano network for various types of applications (e.g. wallets, explorers, chatbots, dashboards…)

Can you explain Ogmios to me like I’m five?
To understand what Ogmios is, you must first understand where it fits in Cardano landscape. Cardano is a network of programs (a.k.a nodes) connected to each other and exchanging messages to run the Cardano blockchain. A Cardano node has an interface that allows for other programs to interact with it (very much like buttons on a remote to control the TV). However, that interface relies on novel communication methods, that were designed in-house by the networking team at IOG. To this day, the only tooling that fully implement those unique communication methods is written in Haskell* (as if all the buttons on the remote control were in Chinese, but you only speak French). So to interact with a Cardano node, one has no other choice than to write a Haskell program, which is a bummer for many application developers.

This is where Ogmios comes into play. Ogmios is written in Haskell, so it can speak with Cardano nodes just fine. But it also translates all the interfaces provided by the node using communication methods that are more common and accessible to the vast majority of developers (namely, WebSockets & JSON). Ogmios is a sort of translator; instead of speaking to a Cardano node directly, applications can speak to Ogmios using a language they know, and Ogmios translates it to the node and back to the applications.

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OGMIOS

Intersect

Intersect Development Update #26 - August 9th

<article>
<div>
<ul>
<li><strong>Cardano’s Node 9.1.0 launch is pivotal for the Chang Hard Fork, marking significant progress in on-chain decision-making.</strong></li>
<li><strong>While ADA’s price hasn’t surged yet, the upgrade holds potential for a future rally similar to the Alonzo Hard Fork.</strong></li>
</ul>
<hr />
<p>Following the innovative launch of Cardano Ogmios v6.4.0, we <a target="_blank" href="https://www.crypto-news-flash.com/ada-down-despite-cardanos-launch-of-ogmios-v6-4-0-upgrade/">reported</a> last month, Cardano has launched Node 9.1.0, which is crucial for the upcoming Chang Hard Fork upgrade. This node introduces the final version needed to implement on-chain decision-making within the Cardano ecosystem. The Dawn of the Chang Hard Fork Era is equipped with a crucial feature, the Conway genesis file, which differentiates it from the previous Node 9.0.0.</p>
<p>This launch was announced by Intersect on X and confirmed by Cardano founder Charles Hoskinson on his personal X account. The Chang Hard Fork upgrade, initially scheduled for the first half of 2024, is expected to significantly advance Cardano’s infrastructure and capabilities.</p>
<blockquote>
<p>Node 9.1.0 is here!</p>
<p>The final version to bring on-chain decision making to Cardano is here. As with all hard-forks, Cardano upgrades when the community is ready.</p>
<p>SPO's ➡️ <a target="_blank" href="https://t.co/UwgSE0dWc0">https://t.co/UwgSE0dWc0</a></p>
<p>DApps, wallets, exchanges &amp; more get <a target="_blank" href="https://twitter.com/hashtag/ReadyforChang?src=hash&amp;ref_src=twsrc%5Etfw">#ReadyforChang</a> ➡️ <a target="_blank" href="https://t.co/vDJ4yyIdHP">https://t.co/vDJ4yyIdHP</a> <a target="_blank" href="https://t.co/fnHLgupBmn">pic.twitter.com/fnHLgupBmn</a></p>
<p>— Intersect (@IntersectMBO) <a target="_blank" href="https://twitter.com/IntersectMBO/status/1816491283676033133?ref_src=twsrc%5Etfw">July 25, 2024</a></p></blockquote>
<p>However, unlike the previous update, as discussed in the CNF earlier <a target="_blank" href="https://www.crypto-news-flash.com/ada-price-shoots-up-10-as-159-projects-launch-on-cardano-accompanied-by-9-62m-native-tokens-and-84-2m-transactions/">report</a>, which drove ADA price up 10% as 159 projects launched on Cardano, accompanied by 9.62M native tokens and 84.2M transactions, this upgrade is still taking its time to hit the expected surge. Previous upgrades like the Alonzo Hard Fork in 2021 had a substantial positive impact on ADA’s price, suggesting potential similar outcomes with the Chang Hard Fork.</p>
<p>The upgrade could potentially lead to a price rally, as it is expected to break the upper boundary of the <a target="_blank" href="https://www.crypto-news-flash.com/cardano-foundation-launches-pragma-a-new-chapter-in-open-source-blockchain-development/">wedge pattern</a>. As of now, according to CoinMarketCap data today, Cardano (ADA) is trading at <strong>$0.3966</strong>, with a decrease of <span><strong>2.47%</strong></span> in the past day and <strong><span>5.75%</span></strong> in the past week. See ADA price chart below.</p>
<hr /><h6>Recommended for you:</h6><div><div><h2>Subscribe to our daily newsletter!</h2></div><p><span>          No spam, no lies, only insights. You can unsubscribe at any time.</span><br /></p></div>
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<p>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.</p> </article>

Crypto News Flash (EN)

Cardano Launches Node 9.1.0: The Dawn of the Chang Hard Fork Era

<div>
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 <div>
 <p><span><a target="_blank" href="https://coingape.com/">Home</a></span> / <span><a target="_blank" href="https://coingape.com/blog/">blog</a></span> / <span>Cardano (ADA) Price is Rising 17%; What Investors should know</span> </p>
 <p>
Discover why Cardano (ADA) is on the rise with a 17% price surge. Learn about the factors driving its growth, including whale activity and significant blockchain upgrades.				</p>
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 <p><img alt src="https://secure.gravatar.com/avatar/15cb07dcdea2cc4d03ee31fb1dc1de95?s=60&amp;d=mm&amp;r=g" srcset="https://secure.gravatar.com/avatar/15cb07dcdea2cc4d03ee31fb1dc1de95?s=120&amp;d=mm&amp;r=g 2x" /> </p>
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 <p><img src="https://coingape.com/wp-content/uploads/2024/07/Cardano-ADA-Price-is-Rising.webp" alt="Cardano (ADA) Price is Rising" srcset="https://coingape.com/wp-content/uploads/2024/07/Cardano-ADA-Price-is-Rising.webp 1200w, https://coingape.com/wp-content/uploads/2024/07/Cardano-ADA-Price-is-Rising-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/07/Cardano-ADA-Price-is-Rising-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/07/Cardano-ADA-Price-is-Rising-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/07/Cardano-ADA-Price-is-Rising-272x182.webp 272w" /> </p> 
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<p>The recent surge in Cardano (ADA) price, increasing by 17% in one week, has drawn considerable interest. Many ADA investors are now making profits due to certain factors like a significant rise in large investor activity and recent advancements in blockchain technology. Let’s take a closer look at the reasons behind ADA’s increasing price and consider what investors should remember.</p>
<h2><strong>Current Market Performance of Cardano (ADA)</strong></h2>
<p><img src="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-090301.png" alt="Current Market Performance of Cardano (ADA)" srcset="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-090301.png 1864w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-090301-300x157.png 300w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-090301-1224x641.png 1224w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-090301-768x402.png 768w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-090301-1536x804.png 1536w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-090301-150x79.png 150w" /></p>
<p><a target="_blank" href="https://coingape.com/price/cardano">Cardano (ADA) price</a> is trading at $0.4183, showing an increase of 4.63%, over the past day. This performance follows a bullish trend, which saw ADA’s value skyrocket by 19% over the past week. However, the previous month has been bearish for the token, dropping in price by 3.31%.</p>
<p>The market cap and trading volume have also seen an increase, reaching $15 billion and $329.2 million, over the past 24 hours respectively.</p>
<h2><strong>Why is Cardano (ADA) Rising?</strong></h2>
<p>Various factors are behind ADA Price Surging.</p>
<h3><strong>1. Whale Activity</strong></h3>
<p>The rise in ADA’s price is due to various factors, the most significant being a noticeable rise in whale activity. <a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=ownership&amp;chart=concentration" target="_blank">IntoTheBlock</a> data shows a significant increase in transactions made by prominent investors. Transactions surged from 14.51 million ADA to 110.8 million ADA within a 24-hour period on July 8th and 9th.</p>
<p>This increase came after a sharp decline from 223.8 million ADA on July 4 to 25 million ADA on July 5, showing a massive 1218% rise. Massive acquisitions are included in the strategic agendas of big investors, boosting the demand for ADA and subsequently increasing its price.</p>
<h3><strong>2. Cardano’s New Upgrad</strong>e</h3>
<p>In addition to whale activity, Cardano has recently undergone a crucial upgrade on its mainnet. The latest upgrade, v6.5.0, introduces several enhancements that contribute to the blockchain’s robustness and scalability.</p>
<p>According to Cardano Foundation’s technical director, <a href="https://x.com/_KtorZ_/status/1811725601377570921" target="_blank">Ktorz,</a> this upgrade is compatible with Cardano node 9.0.0 and includes the Ogmios upgrade. This upgrade features a new ledger state query for the protocol’s treasury and reserves.</p>
<p>It also includes new protocol parameters, such as the reference script fee and maximum size. These improvements are designed to address potential bottlenecks and support Cardano’s progression towards complete decentralization.</p>
<p>Moreover, the completion of the Chang hard fork on July 9 has bolstered investor confidence in Cardano’s technological advancements and future potential.</p>
<p>The hard fork, combined with the ongoing development and new functionalities introduced by the v6.5.0 upgrade, underscores Cardano’s commitment to enhancing its blockchain infrastructure and scalability.</p>
<h3><strong>3. On-Chain Transaction Volume: Profit vs. Loss</strong></h3>
<p>ADA’s daily on-chain transaction volume ratio between profit and loss acts as a crucial signal of market sentiment. This metric of 1.05 indicates that for every loss-making transaction, there were 1.05 profitable transactions.</p>
<figure><img src="https://coingape.com/wp-content/uploads/2024/07/Cardano-Ratio-of-Daily-On-Chain-Transaction-Volume-in-Profit-to-Loss.webp" alt="Cardano Daily On-chain Transaction Volume Ratio in Profit to Loss" srcset="https://coingape.com/wp-content/uploads/2024/07/Cardano-Ratio-of-Daily-On-Chain-Transaction-Volume-in-Profit-to-Loss.webp 2048w, https://coingape.com/wp-content/uploads/2024/07/Cardano-Ratio-of-Daily-On-Chain-Transaction-Volume-in-Profit-to-Loss-300x102.webp 300w, https://coingape.com/wp-content/uploads/2024/07/Cardano-Ratio-of-Daily-On-Chain-Transaction-Volume-in-Profit-to-Loss-1224x414.webp 1224w, https://coingape.com/wp-content/uploads/2024/07/Cardano-Ratio-of-Daily-On-Chain-Transaction-Volume-in-Profit-to-Loss-768x260.webp 768w, https://coingape.com/wp-content/uploads/2024/07/Cardano-Ratio-of-Daily-On-Chain-Transaction-Volume-in-Profit-to-Loss-1536x520.webp 1536w, https://coingape.com/wp-content/uploads/2024/07/Cardano-Ratio-of-Daily-On-Chain-Transaction-Volume-in-Profit-to-Loss-150x51.webp 150w" /><figcaption>Cardano Daily On-chain Transaction Volume Ratio in Profit to Loss (Source: Santiment)</figcaption></figure>
<p>This optimistic proportion indicates an overall positive sentiment among Cardano (ADA) holders and traders.</p>
<h3><strong>4. Technical Indicators Supporting Cardano (ADA)’s Rise</strong></h3>
<p>Presently sitting at 53.66, the Relative Strength Index (RSI) shows that there is more demand for buying than for selling. The RSI is an important measure that evaluates market conditions. It signals overbought levels with values above 70 and oversold levels with values below 30.</p>
<p>The current <a target="_blank" href="https://coingape.com/glossary/rsi-relative-strength-index/">RSI</a> of ADA indicates increasing demand and indicates that the price increase is supported by significant buying interest.</p>
<h2><strong>Conclusion</strong></h2>
<p>Cardano (ADA) price surge is supported by higher levels of whale activity and major technological updates. Investor confidence and blockchain capabilities were boosted by the recent v6.5.0 upgrade and Chang hard fork. Investors should keep an eye on important technical indicators and updates to stay informed about possible future price movements as ADA continues to rise. By combining strategic whale transactions with ongoing improvements, ADA is set up for further growth in the changing cryptocurrency market.</p>
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 <ul> <li><a target="_blank" href="https://coingape.com/blog/cardano-ada-price-is-rising-17-what-investors-should-know/#TabA207319">About author</a></li>
 <li><a target="_blank" href="https://coingape.com/blog/cardano-ada-price-is-rising-17-what-investors-should-know/#TabD207319">Disclaimer</a></li>
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With over four years of experience in the cryptocurrency, Fintech, blockchain, and Web3 industries, I bring a wealth of knowledge and expertise to every piece I write. Backed by a Masters in Business Administration, my writing combines insightful analysis with a deep understanding of market trends, technological advancements, and regulatory landscapes. Whether crafting engaging articles, informative guides, or thought-provoking analyses, I strive to deliver content that informs, educates, and inspires readers in this rapidly evolving space. 
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 <p><img alt src="https://secure.gravatar.com/avatar/15cb07dcdea2cc4d03ee31fb1dc1de95?s=200&amp;d=mm&amp;r=g" srcset="https://secure.gravatar.com/avatar/15cb07dcdea2cc4d03ee31fb1dc1de95?s=400&amp;d=mm&amp;r=g 2x" /> </p>
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 <p> The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.</p></div>
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Coingape

Cardano (ADA) Price is Rising 17%; What Investors should know

<article>
<div>
<ul>
<li><strong>Despite the innovative launch of Cardano Ogmios v6.4.0, ADA’s price has experienced a slight decline.</strong></li>
<li><strong>The launch reflects Cardano’s commitment to expanding blockchain functionality and fostering community participation.</strong></li>
</ul>
<hr />
<p>Following the recent update from CNF regarding <a target="_blank" href="https://www.crypto-news-flash.com/cardanos-project-catalyst-launches-fund-11-with-50-million-ada-for-community-ideas/">Cardano’s Project Catalyst and the launch of Fund 11</a>, which allocates 50 million ADA for community-driven initiatives, Cardano has introduced a new release, Cardano Ogmios v6.4.0.</p>
<p>This development, highlighted in an <a href="https://x.com/cardano_updates/status/1798716971640655875" target="_blank">official tweet by Cardano Updates</a>, and detailed further on the GitHub page of Cardano Solutions, showcases Cardano’s commitment to enhancing the functionality and user-friendliness of its blockchain tools.</p>
<blockquote>
<p>New Release: cardano-ogmios v6.4.0</p>
<p>Check it out here: <a target="_blank" href="https://t.co/mVWMkwZQR9">https://t.co/mVWMkwZQR9</a></p>
<p>Released by KtorZ – KtorZ<a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> <a target="_blank" href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> <a target="_blank" href="https://twitter.com/hashtag/Koios?src=hash&amp;ref_src=twsrc%5Etfw">#Koios</a></p>
<p>— Cardano Updates (@cardano_updates) <a target="_blank" href="https://twitter.com/cardano_updates/status/1798716971640655875?ref_src=twsrc%5Etfw">June 6, 2024</a></p></blockquote>
<p>Ogmios v6.4.0 acts as a lightweight bridge interface for the cardano-node, bringing significant improvements to blockchain interactions:</p>
<ul>
<li><strong>Integration and Compatibility</strong>: Fully integrated with <code>cardano-node==8.11.0-pre</code>, the upgrade has been thoroughly tested across diverse network setups, including Mainnet, Preprod, Preview, and SanchoNet.</li>
<li><strong>Error Handling Enhancements</strong>: New error types have been added, such as <code>UnauthorizedGovernanceAction (code=3165)</code> for unauthorized governance activities, and <code>InvalidGenesis (code=2004)</code> for errors in genesis configurations.</li>
<li><strong>API Updates</strong>: Introduction of negative Ada values in transaction error codes <code>3128</code> and <code>3135</code>, along with enhanced TypeScript support for the genesisConfiguration state query.</li>
<li><strong>Docker Support</strong>: The update includes Docker images for both standalone and combined setups with cardano-node, ensuring extensive compatibility across various network environments.</li>
</ul>
<p><a target="_blank" href="https://www.crypto-news-flash.com/cardanos-breakthrough-privacy-enhancing-token-protocol-set-to-launch/">Despite these advancements</a>, Cardano (ADA) is trading at<strong> $0.4597</strong>, marking a decrease of <span><strong>0.22%</strong></span> over the past day, although it has registered a <span><strong>2.36%</strong></span> increase over the past week. This modest downturn occurs amidst broader market adjustments and ongoing developments within the <a target="_blank" href="https://www.crypto-news-flash.com/cardanos-game-changer-midnight-network-gears-up-for-launch-privacy-powered-ada-sidechain/">Cardano network</a>.</p>
<hr /><h6>Recommended for you:</h6>
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<p>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.</p>			</article><section>
		<img src="https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Jeff-Manurung-1-96x96.jpg" alt srcset="https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Jeff-Manurung-1-96x96.jpg 96w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Jeff-Manurung-1-300x300.jpg 300w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Jeff-Manurung-1-150x150.jpg 150w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Jeff-Manurung-1-24x24.jpg 24w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Jeff-Manurung-1-48x48.jpg 48w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Jeff-Manurung-1.jpg 480w" />		
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			<p>Dr. Jeff Taylor is an experienced crypto journalist with a Ph.D. in Biochemistry, whose primary mission is to educate everyone about the potential of Bitcoin and the blockchain technology. His fascination with cryptocurrencies began during his tenure as a former trader when he discerned the distinct advantages of decentralized money compared to traditional payment systems and CBDC's.
Business Email: info@crypto-news-flash.com 
Phone: +49 160 92211628</p>
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Ogmios is a lightweight bridge interface for cardano-node.

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