What is Going on With Cardano (ADA)? Absolute Stability in Wake of Others Failing
Cardano (ADA) absolutely stable Cardano now has smart contracts Good for Dapps, NFTs, Staking and more Bug Fixing through Blue, White and Purple Taurus Collecting Staking Rewards in Cardano What is going on with Cardano (ADA)? Absolute stability in...
- Cardano (ADA) absolutely stable
- Cardano now has smart contracts
- Good for Dapps, NFTs, Staking and more
- Bug Fixing through Blue, White and Purple
- Taurus Collecting Staking Rewards in Cardano
What is going on with Cardano (ADA)? Absolute stability in the wake of others failing. Cardano keeps ticking stabilized by solid foundation of stakeholders, methodological design approach, scalable, decentralized, and secure with equitable distribution.
Cardano entered the smart contracts arena with the arrival of Alonzo Hard Fork; however, the price of ADA did not show impressive performance.
Price lovers are like: Can’t get as excited as you see the price. A convincing statement about the price being low: Trust me, you want it to go down and stabilize. This will provide a much higher spring up.
Left wondering: Does that mean staking and DeFi? Combined? Cause that would be exciting. Many are still wondering if there is DeFi for earning rewards on Cardano or not yet?
The Alonzo upgrade was supposed to pitch Cardano against its competitor Ethereum. This also means that Cardano will be able to deploy DeFi apps for widening its ecosystem. There are nearly 150 projects who are developing their ideas through the Cardano’s Project Catalyst innovation program.
Currently, in the Goguen era, Cardano is equipped with the capabilities of building Dapps. It will now be possible for developers to add a multi-currency ledger, which will extend the usefulness of Cardano to create new natively supported tokens. Thus making it possible to bring in NFTs, new cryptocurrencies, and several other digital and physical assets on Cardano. Bug fixing continues through the three levels of Blue, White, and Purple.
During the upgrade, users complained of longer transaction times. This is normal, as initial technical hiccups are unavoidable.
Meanwhile, Cardano Foundation expressed: We’re pleased to announce that Cardano staking capabilities have been integrated into Taurus-Protect, the leading digital asset custody platform in Europe.
Taurus is a leading digital asset trading platform in Europe. Thus, investment banks, online banks, private banks, and crypto banks will start using Cardano, leveraging Taurus’ infrastructure.
Clarification: Taurus clients will now be able to collect staking rewards on Cardano by using the Taurus-protect.
JP Aumasson, Taurus co-founder and Chief Security Officer, “We are pleased to integrate Cardano and further expand our PoS protocols offering to our clients. We enjoyed collaborating with the Cardano technology teams and look forward to integrating smart contracts in the near future.”
Taurus solutions are entrusted with the full spectrum of banks: systemic banks, investment banks, private banks, retail/digital banks, crypto-banks, trading venues.
Thus, Cardano staking in Taurus provides for huge scope for adoption.
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