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July was a month of integrations and infrastructure. With the trend of DeFi getting hotter, you’ll also notice an uptick of DeFi projects that we are collaborating with.
Business updateCoinone infrastructure for Tron First on the list is our successful Coinone integration. Coinone is a premier Korean based exchange that now allows users to stake Tron TRX tokens directly in their accounts. A feature that is powered in the background by Ankr, and paves the way for more exchange integrations with our technology.
Ferrum Network Integration Second in our business updates is the integration with Ferrum Network and their entire product line. They originally were using Infura, but have moved away due to the robust and affordable cloud infrastructure we provide to blockchain-native enterprise clients.
Giving back with Oasis Lastly, Ankr is giving back in our partnership with the Oasis Foundation. We’re closely working with the Oasis team and supporting the Oasis Community Node program, and providing free hosting to all approved members of the program.
Community UpdateWe know that constant interaction with our users is key to developing a personal connection which is why we also devote our time “partnering” with the community, if you will.
Ignite community launch Ankr is heating things up with a move to Ignite, an uncensorable and decentralized microblogging social network with features that’ll be familiar for Twitter users. The service is built upon our partner Binance’s Smart Chain, and users can check us out here.
Celo Vote dApp launch Governance is an essential part of many prominent cryptocurrencies but can be hard for the user just looking for passive income.
Our new CeloVote automates this and allows users to earn the maximum potential reward in a matter of seconds. The dApp is integrated with our platform and is just as easy as deploying any other node.
AMA with DeFi project Meter Meter is one of the many DeFi projects we are collaborating with this month. What separates Meter from the rest is pegging its purchasing power to electricity, which results in far more stable value than any fiat currency.
Our AMA (following our partnership) transcript can be read here.
Development UpdateDeFi Integrations Besides Meter, we were also able to offer our services to upcoming projects Plutus DeFi and Keysians. Both are nascent platforms in the sector, and we look forward to seeing how our relationship with each deepens in the following months.
Polkadot, the next big thing Polkadot’s validator node integration was completed this month, allowing users to interact with the protocol looking to connect all blockchains. Additionally, Polkadot parachains Bifrost and ChainX completed integration this month as well with more on the way.
Binance Smart Chain integration Binance is working on a chain supporting smart contracts, optimized for developers and Ankr is thrilled to help.
Late last month we had launched developer tools to help get development going, and this month we followed up by enabling BNB staking for the Testnet! Keep an eye on this one, as we will release more news in the coming days!
Bitcoin Full node integration The several hours (or days, depending on your system) that it takes to initialize the 300GB blockchain for Bitcoin core is one of the main reasons why there are so few nodes.
We’re excited to announce that Bitcoin full nodes are now part of our platform — and we will suggest our community on some things you can do with all the time you’ll be saving. Keep your eyes on our blog!
Additional full node integrations Following on the heels of Bitcoin’s node integration, users can also now deploy full nodes to perform data analytics for the Decred, Elastos, ETH Classic, NEO, and Nuls native blockchains.
Looking forwardWith the final ETH 2.0 testnet version “Medalla” being announced for an August 4th launch, we should start to see further developments for DeFi and Ethereum related dApps.
Regardless, Ankr is ready for when ETH 2.0 launches on the mainnet!
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Cryptocurrency Cardano (ADA) and blockchain 3.0, detailed information about the project. Imagine what it would be like if you had a blockchain:submitted by AVAY11 to u/AVAY11 [link] [comments]
But when you combine the positive characteristics of the first two with some additional unprecedented features, you get third-generation blockchains like Cardano.
1. What is a cardan?Cardano is a 3rd generation open source blockchain platform that is expected to provide unprecedented support for dapps smart contracts and applications.
But we have Ethereum for that, don't we?
Well, Ethereum is not that good and has faced network congestion more than once. So we need something better designed from the ground up. Cardano is one of them.
You may think of Cardano as Ethereum, but inside it is a robust, research-based approach that lays the groundwork for what should be achieved and how effective.
And just like Ethereum, Cardano has its own cryptocurrency called Cardano (ADA), which serves as fuel for the Cardano network.
Cardano is more than just a cryptocurrency. It is a technology platform that is capable of running financial applications that are used daily by individuals, organizations and governments around the world. The platform is built in modules, which provides flexibility in system maintenance and allows for upgrades using soft branches. Once the settlement layer at which Ada will operate is completed, a separate computing layer will be created to handle smart contracts, digital legal agreements that will underpin future trade and business. Cardano will also run decentralized applications or DApps, services not controlled by any one party but running on the blockchain.
2. How does Cardano cryptocurrency work?Cardano has deliberately made it modular, so future updates and iterations can be easy.
Cardano consists of two parts: the computational level and the computational level. The settlement level is for calculating cryptocurrency transactions (ADO transactions) and the calculation level is for calculating smart contracts and DApps code.
For this reason, the team can change the agreed Protocol at the calculation level at any time without breaking the calculation level and Vice versa.
The unique thing about Cardano is its long-term plans.
Charles Hoskinson, CEO of Cardano, says they want to create something like a TCP / IP Protocol that can last for decades and eventually make the economy for 3 billion disadvantaged people comprehensive. That's why there's so much focus on research and peer review.
In fact, Charles says they chose their consensus Protocol, the so-called Ouroboros, very carefully.
Through Ouroboros, the time in Cardano is divided into eras, which are further divided into slots, which are short time periods of about 20 seconds, and each slot has a designated leader. Slot leaders can create no more than one block in their assigned slot and are therefore rewarded with transaction fees collected in the era.
But this slot leader is determined according to your Commission in the system. So if there are more ADA transactions in the system, the chances of you becoming a slot leader will be higher.
Thus, Cardano provides security as well as proof of work Bitcoin, but cheaper and more efficient. This method also makes Cardano much faster when you don't have to wait 10 or more minutes for a transaction to complete.
Cardano is developing more scalability capabilities, and we'll talk about that later in this article.
3. Cryptocurrency Cardano and its team
Cardano's team is also very decentralized and distributed, as it consists of inspirational minds from three different organizations, namely:
4.Cardano offer and market capitalization (ADA)Cardano has been on the market since September 2017.
The total fixed ADA offer is 45,000,000,000 ADA, of which 25,927,070,538 ADA are on the market.
5. How to buy Cardano cryptocurrency (ADA)The Cardano project is steadily gaining popularity, and therefore the number of exchanges trading Cardano cryptocurrency is also growing. Here are some of the exchanges through which you can buy/sell cryptocurrency Cardano:
6. Cardano (ADA) walletsCardano is not an ERC 20 token. Instead, it has its own dedicated blockchain from the beginning and therefore has a completely different wallet designed by the Cardano team.
The only viable and popular wallet for Cardano right now is the Daedalus wallet, which is the main client for storing, sending and receiving Cardano.
The most popular Cardano wallets:
7. Cardano's future and roadmapCardano is focused on solving 4 critical problems faced by the blockchain world today, all in one place:
Also, when you're focused on building a Protocol that can last decades, you need very careful planning.
On the other hand, Cardano is written in Haskell, and there are very few developers around the world, and this is also one of the reasons for its slow development.
But even when it is completed, smart contract and Apps development will require knowledge of the Plutus programming language. This can be a huge learning curve, and also to prevent the adoption of Cardano. It's too early to make a decision, as Cardano will need another year or more to fully develop it, and such things will only become clearer once development is complete.
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