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Strica

TapTools

Cardano Summit 2023

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<p><span>Strica, a company working on solutions and use cases for the <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> blockchain, <a href="https://medium.com/@StricaHQ/introducing-warp-transactions-689d3e1339c7" target="_blank">unveiled a new feature</a> for the smart contract platform via their wallet, Warp Transactions.  According to an official press release, described as a “game changer for token transfers,” Warp Transactions were created to ease the burden of transaction fees paid when sending assets on this network. </span></p>
<h2><span>Cardano New Feature Eliminates Sender Fees, But There Is A Clause</span></h2>
<p><span>Usually, on <a href="https://www.newsbtc.com/news/cardano-ada-price-nears-a-pivotal-shift-a-breach-into-the-0-3-level/" target="_blank">Cardano</a>, every token transfer demands the sender to pay a minimum fee of 1.14 <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> to secure against network attacks. However, the Warp Transaction now offers an alternative for this mechanism.</span></p>
<p><span>Warp Transactions are based on the Unspent Transaction Output (UTXO) model. UTXOs refer to the small amount of digital currency after one executes a transaction. </span></p>
<p><span>Now, Warp Transactions are considered a type of UTXO transaction. They use the receiver address’s UTXOs to cover the minimum <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> fee required to process transactions on the <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> network.</span></p>
<p><span>However, there is a clause that this new feature employs a multi-signature function. Therefore, the receiver and sender must sign off for any transaction to be completed and published on the blockchain.</span></p>
<p><span>Furthermore, while Warp Transactions may mark a new era for the <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> community, this feature is only available for users of the Typhon Wallet. </span></p>
<p><span>Whenever a Warp Transaction is initiated, the receiving address is notified and given 24 hours to accept or reject the transaction.  </span><span>During this period, the tokens are moved from the sender’s wallet and are locked in a mempool, which acts as a “holding area” till the receiver approves or cancels the transaction. This mempool is managed by the backend of the Typhon Wallet. </span></p>
<h2><span>ADA Struggles For Market Breakout</span></h2>
<p><span>In other news, <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a>, native token of the <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">Cardano</a> network, has been moving sideways over the last few days. According to data from <a target="_blank" title="CoinMarketCap" href="https://www.cryptobreaking.com/go/coinmarketcap/">CoinMarketCap</a>, the altcoin has been stuck in a market ranging between $0.25 and $0.26 price zone since the start of September. </span></p>
<p><span>Before this market consolidation, <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> had been on a <a href="https://www.newsbtc.com/analysis/ada/ada-price-plunges-0-275-support/" target="_blank">downtrend</a>, losing about 12.9% of its value in August. </span><span>According to <a href="https://coincodex.com/crypto/cardano/price-prediction/" target="_blank">data from Coincodex</a>, the general sentiment around <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> remains bearish, with a Fear and Greed index of 41. </span></p>
<p><span>However, the prediction team projects that <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> will maintain its ranging market for now, reaching around 0.261 in the next five days. </span><span>At the time of writing, <a target="_blank" title="Cardano" href="https://www.cryptobreaking.com/go/cardano/">ADA</a> trades around $0.256 with a 1.09% loss in the last day based on <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank">data from CoinMarketCap</a>. The token’s trading volume is also down by 7.92% and is now valued at $104.7 million. </span></p>
<p><img src="https://www.tradingview.com/x/4WDnt10U/" alt="Cardano" /></p>
<pre>ADA trading at $0.2557 on the daily chart | Source: <a href="https://www.tradingview.com/chart/xg17RJqK/" target="_blank">ADAUSDT chart on Tradingview.com</a></pre>
<p>Featured image from The Independent, chart from <a target="_blank" title="TradingView" href="https://www.cryptobreaking.com/go/tradingview/">Tradingview</a>.</p>
<p> Source: NewsBTC.com</p>
 <div><h4>Links</h4>			<div><ul>
<li><a href="https://www.cryptobreaking.com/submit-a-press-release/" target="_blank">Submit your press release on this website</a></li>
<li><a href="https://www.cryptobreaking.com/advertise/" target="_blank">Advertise on our website</a></li>
<li><a href="https://www.cryptobreaking.com/go/etoro/" target="_blank">Buy and sell Bitcoin and other cryptos on eToro</a></li>
<li><a href="https://www.vincenzostefanini.it/portfolio/" target="_blank">Invest and copy a professional crypto trader on eToro automatically</a></li>
<li><a href="https://www.cryptobreaking.com/go/ledger/" target="_blank">Buy a Ledger crypto hardware wallet</a></li>
<li><a href="https://www.federicamontella.com/my-etoro-portfolio/" target="_blank">Invest and copy a professional stock trader on eToro automatically</a></li>
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Crypto Breaking

Cardano Announces Warp Transactions, ADA Remains Stuck In Ranging Market | Crypto Breaking News

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 <div>
 <p><span>Strica, a company working on solutions and use cases for the Cardano blockchain, <a href="https://medium.com/@StricaHQ/introducing-warp-transactions-689d3e1339c7" target="_blank">unveiled a new feature</a> for the smart contract platform via their wallet, Warp Transactions.  According to an official press release, described as a “game changer for token transfers,” Warp Transactions were created to ease the burden of transaction fees paid when sending assets on this network. </span></p>
<h2><span>Cardano New Feature Eliminates Sender Fees, But There Is A Clause</span></h2>
<p><span>Usually, on <a href="https://www.newsbtc.com/news/cardano-ada-price-nears-a-pivotal-shift-a-breach-into-the-0-3-level/" target="_blank">Cardano</a>, every token transfer demands the sender to pay a minimum fee of 1.14 ADA to secure against network attacks. However, the Warp Transaction now offers an alternative for this mechanism.</span></p>
<p><span>Warp Transactions are based on the Unspent Transaction Output (UTXO) model. UTXOs refer to the small amount of digital currency after one executes a transaction. </span></p>
<p><span>Now, Warp Transactions are considered a type of UTXO transaction. They use the receiver address’s UTXOs to cover the minimum ADA fee required to process transactions on the Cardano network.</span></p>
<p><span>However, there is a clause that this new feature employs a multi-signature function. Therefore, the receiver and sender must sign off for any transaction to be completed and published on the blockchain.</span></p>
<p><span>Furthermore, while Warp Transactions may mark a new era for the ADA community, this feature is only available for users of the Typhon Wallet. </span></p>
<p><span>Whenever a Warp Transaction is initiated, the receiving address is notified and given 24 hours to accept or reject the transaction.  </span><span>During this period, the tokens are moved from the sender’s wallet and are locked in a mempool, which acts as a “holding area” till the receiver approves or cancels the transaction. This mempool is managed by the backend of the Typhon Wallet. </span></p>
<h2><span>ADA Struggles For Market Breakout</span></h2>
<p><span>In other news, ADA, native token of the Cardano network, has been moving sideways over the last few days. According to data from CoinMarketCap, the altcoin has been stuck in a market ranging between $0.25 and $0.26 price zone since the start of September. </span></p>
<p><span>Before this market consolidation, ADA had been on a <a href="https://www.newsbtc.com/analysis/ada/ada-price-plunges-0-275-support/" target="_blank">downtrend</a>, losing about 12.9% of its value in August. </span><span>According to <a href="https://coincodex.com/crypto/cardano/price-prediction/" target="_blank">data from Coincodex</a>, the general sentiment around ADA remains bearish, with a Fear and Greed index of 41. </span></p>
<p><span>However, the prediction team projects that ADA will maintain its ranging market for now, reaching around 0.261 in the next five days. </span><span>At the time of writing, ADA trades around $0.256 with a 1.09% loss in the last day based on <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank">data from CoinMarketCap</a>. The token’s trading volume is also down by 7.92% and is now valued at $104.7 million. </span></p>
<p><img src="https://www.tradingview.com/x/4WDnt10U/" alt="Cardano" /></p>
<pre>ADA trading at $0.2557 on the daily chart | Source: <a href="https://www.tradingview.com/chart/xg17RJqK/" target="_blank">ADAUSDT chart on Tradingview.com</a></pre>
<div>
<p>Featured image from The Independent, chart from Tradingview.</p>
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		<p><img alt="Semilore Faleti" src="https://secure.gravatar.com/avatar/63bda068e88f86c9f4310ed993d60b1b?s=80&amp;d=mm&amp;r=g" srcset="https://secure.gravatar.com/avatar/63bda068e88f86c9f4310ed993d60b1b?s=160&amp;d=mm&amp;r=g 2x" />		</p>
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			<p>
				Semilore Faleti is a cryptocurrency writer and analyst that works for NewsBTC, providing insights into the latest developments in the cryptocurrency world. 
With articles featured in other prominent publications such as Coinmash and Bitcoinist, Semilore has a known passion for covering the growing impact of blockchain technology in the global financial world.
Beyond his professional work, Semilore has a deep interest in music and politics. He enjoys discovering new artists, attending concerts and music festivals, and closely following global affairs and issues of social justice and equality.
You can follow Semilore on Twitter @SemiloreFaleti.			</p>
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NewsBTC

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Cardano Announces Warp Transactions, ADA Remains Stuck In Ranging Market

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<p>Strica, the software powerhouse behind Cardano-centric tools such as Cardanoscan.io, Typhon Wallet, and Flac Finance, has introduced Warp Transactions. This innovation promises to revolutionize the way ADA token transfers are conducted on the Cardano network.</p>
<p>The crux of the issue lies in Cardano’s inherent requirement for a minimum of approximately 1.14 ADA to accompany any token transfer. This mechanism, while designed to shield the network from potential threats and spam, has been a point of contention for users. The necessity to attach this minimum ADA when sending tokens has been seen as cumbersome. Warp Transactions, as integrated into the Typhon Wallet, offers a solution to this predicament.</p>
<h2>Here’s How Warp Transactions Work On Cardano</h2>
<p>“To understand the Warp Transactions it is required that we deep dive a bit into how UTXOs work, transactions are built, signed, and submitted on the network,” the <a href="https://medium.com/@StricaHQ/introducing-warp-transactions-689d3e1339c7" target="_blank">blog post</a> from Strica explains. In essence, the Warp Transaction is a pure UTXO transaction, leveraging multi-signature capabilities, and operates without the need for smart contracts. “The Warp Transaction is sent and signed by a sender and is also signed by the receiver to accept the incoming tokens,” the post further elucidates.</p>
<p>Remarkably, Warp Transactions are exclusive to Typhon Wallet users. Either the sender or receiver can cancel or reject the transaction. Moreover, tokens involved in the transaction are temporarily “locked” until the transaction either completes or is canceled. If the receiver does not sign within 24 hours, the Warp Transaction automatically expires.</p>
<figure><img src="https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-651x660.png" alt="Cardano warp transaction" srcset="https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-651x660.png 651w, https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-414x420.png 414w, https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-768x778.png 768w, https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-64x64.png 64w, https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-75x75.png 75w, https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-750x760.png 750w, https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335-1140x1155.png 1140w, https://bitcoinist.com/wp-content/uploads/2023/09/Screenshot-2023-09-07-135335.png 1482w" /><figcaption>Cardano Warp Transactions | Source: Medium</figcaption></figure>
<p>The ingenious aspect of this innovation lies in Typhon Wallet’s approach to the ADA requirement. By leveraging the receiver’s UTXOs, the wallet compensates for the mandatory ADA, effectively shifting the ADA cost from the sender to the receiver’s wallet.</p>
<p>Multi-signature transactions, though a foundational element of Cardano since its inception, have been seamlessly integrated into this process by Typhon Wallet. The transaction mandates signatures from both the sender and receiver. Upon detecting an incoming transaction, the receiver is presented with the option to either sign, thereby accepting the tokens, or to reject the transaction outright.</p>
<p>Addressing the role of mempools in this architecture, Warp Transactions employ an intermediate mempool, curated and managed by Typhon’s backend infrastructure. This serves as a provisional repository until the transaction garners full signatures, post which it is relayed to the Cardano network for inclusion in a block.</p>
<p>Potential security concerns regarding the intermediate mempool have been preemptively addressed by Strica. As elucidated in their blog, the transactional data within Typhon’s mempool is no different from what is already propagated on the Cardano network. The transparency and integrity of the process remain uncompromised.</p>
<p>Charles Hoskinson, the inventor of Cardano, lauded the development. Sharing the blog post, he expressed his appreciation with a GIF, commenting, “well done.” In response, Strica tweeted, “Honoured! Today is the real celebration, the full team is happy to see a reaction from Charles. Years of hard work paid off.”</p>
<figure><img src="https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56.png" alt="Cardano ADA price" srcset="https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56.png 3628w, https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56-640x295.png 640w, https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56-980x452.png 980w, https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56-768x354.png 768w, https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56-1536x708.png 1536w, https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56-2048x944.png 2048w, https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56-750x346.png 750w, https://bitcoinist.com/wp-content/uploads/2023/09/ADAUSD_2023-09-07_13-51-56-1140x525.png 1140w" /><figcaption>ADA price, 1-day chart | Source: <a href="https://www.tradingview.com/x/LgzEMVdo/" target="_blank">ADAUSD on TradingView.com</a></figcaption></figure>
<p>Featured image from iStock, chart from TradingView.com</p>
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Bitcoinist

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Cardano Unveils Warp Transactions: A Game-Changer For ADA

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