Cardano ecosystem set to expand with custom-built sidechains

    The toolkit will allow for creators of sidechains to choose their own consensus mechanism and other application-specific features, whilst inheriting the security of the main chain. Input Output Global (IOG) — the team behind the Cardano ecosystem — will release a software toolkit in late Jan. 2023 that will enable developers to deploy custom-built sidechains…

    Cardano, Polkadot, Kusama lead in development activity over the past month

    Over the past month, the highest blockchain development activity was recorded in Cardano (ADA), Polkadot (DOT), Kusama (KSM), Cosmos (ATOM), Decentraland (MANA), and Ethereum (ETH) – data from Santiment revealed. Development activity indicates a project’s dedication to creating a viable product. According to Santiment, Cardano (ADA) is currently the most actively developed crypto. Multiple innovations…

    Cardano developer to issue dollar-pegged stablecoin USDA

    Cardano developer Emurgo announced plans to issue a US dollar-pegged stablecoin, USDA, on the Cardano network in early 2023. Emurgo plans to introduce USDA by the end of Q1 2023. Emurgo, Cardano’s official commercial arm, said in a statement that USDA will be the first regulated stablecoin on the blockchain backed by a fiat currency….

    Cardano ‘Vasil’ upgrade goes live, benefiting DeFi apps

    Cardano, the world’s 5th-largest cryptocurrency with a market cap of $15 billion, successfully deployed a highly-anticipated upgrade – ‘Vasil’ – on Sept. 23, aiming to improve network throughput and smart contract performance for DeFi Apps. The performance improvements are expected to benefit decentralized finance applications (dApps) built on Cardano, and some of them are set…

    Cardano to launch its own algorithmic stablecoin Djed soon

    Djed, Cardano’s algorithmic stablecoin, developed in collaboration with the COTI network, might launch shortly after the Vasil Hard Fork mainnet launch, its team revealed. The tentative date of the launch could be in the last week of July. “We are also waiting for Cardano’s Vasil Hard Fork to take place. The Vasil Hard Fork will…

    Cardano network adds over 70,000 wallets in 30 days despite price falls

    The number of wallets on the Cardano (ADA) blockchain has grown by more than 70,000 over the last 30 days, even when the ADA’s price declined along with the rest of the crypto market. Meanwhile, ADA whales’ transactions have risen to a 4-month high ahead of an upcoming hard fork, which will improve the network’s…