The latest [Cardano](/news/article/cardano-midnight-new-privacy-blockchain) news making headlines has primarily focused on developments in its ecosystem. 

Unfortunately, while many blockchain enthusiasts continue to lambast Charles Hoskinson, the project's founder, over a lack of strong decentralized applications (DApps) to challenge Ethereum's status as the most powerful decentralized finance (DeFi) network, many outlets have largely ignored the project's growing total value locked. 

## Latest Cardano news: Value locked in DApps explodes in 2023 

Cardano has been one of the most discussed projects in the smart contracts-backed blockchain technology sector for a long time. 

Hoskinson's ability to identify the problems associated with using blockchain, such as decentralization, security, and scalability, made it one of the most considered networks for several up-and-coming developers. 

After years of trailing [Ethereum](/news/article/eth-shanghai-upgrade-postponed) and later the likes of Internet Computer, [Solana](/news/article/a-look-into-solana-faucets), and Algorand, [Cardano](/news/article/cardano-analysis-and-explanation) finally triggered "[Alonzo](https://markets.businessinsider.com/news/currencies/cardano-ada-alonzo-upgrade-defi-smart-contracts-charles-hoskinson-2021-9)", a network upgrade that had been in development for years and remains an integral part of the expansion of its ecosystem. 

In September 2021, Alonzo made the blockchain smart contracts-compatible, and Hoskinson told Business Insider that he considered the move the most significant change in the history of his protocol. This made it possible for DApps to be created on the platform. 

According to data from [DeFiLlama](https://defillama.com/chain/Cardano), Cardano TVL on 1 January was approximately $48.9 million. In fewer than 120 days, about $122 million was added to this statistic due to increased interest in DApps deployed on the network. As of 11:00 UTC on 18 April, the total value locked was around $171 million. 

Much of the spike came from DApps such as decentralized exchanges Minswap, WingRiders, MuesliSwap, SundaeSwap, ADAX Pro, MeowSwapFi, and Genius Yield; decentralized lending platforms Meld, FluidTokens, Lending Pond, Aada, Optim Finance, and Liqwid; staking platform VyFinance; decentralized services applications World Mobile Token, Revuto; and collateralized debt positioning (CDP) applications Indigo and Djed Stablecoin. 

Since total value locked is one of the major indicators of the success of a blockchain protocol, a rise in the overall value of assets quantified in the US dollar (USD) bodes well for the smart contract protocol that processes thousands of transactions per second. 

Many analysts believe a significant rise in the demand for DeFi products will further impact the TVL of Cardano positively.  

Latest Cardano news: Development activity continues to soar 

In the blockchain technology and cryptocurrency space, development activity shows a particular protocol's health and growth. 

Cardano has always been in the top rankings when development activity is measured.  

As of 18 April, development activity stood at [424.73](https://app.santiment.net/watchlist/projects/all-assets-5496?charts=%7B%22isPriceChartActive%22%3Afalse%2C%22isPriceTreeMap%22%3Afalse%2C%22isVolumeTreeMap%22%3Afalse%2C%22isMovement%22%3Atrue%2C%22priceBarChart%22%3A%7B%22interval%22%3A%2224h%22%7D%2C%22socialVolumeTreeMap%22%3A%7B%22interval%22%3A%2224h%22%7D%2C%22priceTreeMap%22%3A%7B%22interval%22%3A%2224h%22%7D%7D). This placed Cardano third in the ranks behind Polkadot and Kusama's 601.33. This puts Cardano ahead of other protocols such as Flow (popular technology behind NFT projects such as NBA Top Shot and NFL ALL DAY), Chainlink, Cosmos, Internet Computer, Hedera Hashgraph, Status, Ethereum, Optimism, Solana, and Avalanche.  

Since development activity is correlated with total value locked through decentralized applications, the amount of liquidity locked in the project, coupled with the forging of many partnerships across Africa, could explode further to the $500 million milestone as the latest Cardano news unfolds. 

Wrong technology and ambitious roadmap have contributed to slow development  

On 6 April, the protocol's founder discussed the latest Cardano news with an analyst at CoinTelegraph, a popular crypto news portal. 

On a podcast dubbed [Hashing It Out,](https://cointelegraph.com/news/charles-hoskinson-cardano-delays-due-to-betting-on-wrong-tech-ambitious-roadmap) Hoskinson touched on many areas, particularly the future of crypto and his vision for the growing sector. 

He revealed that the crypto industry had seen impressive gains in the non-fungible token (NFT) sector while acknowledging that an ambitious roadmap and wrong technology have been significant setbacks in Cardano's quest to becoming what many industry experts deem as an Ethereum Killer, the main rival to Vitalik Buterin's blockchain technology. 

Despite the negatives, he admitted to seeing many positives in the adoption of crypto in Africa (primarily east and west) and disclosed that he plans on dealing with more individuals and companies rather than governments in the region due to political instability.   

## ADA is up more than 80% year-to-date (YTD)  

ADA is the native asset of Cardano. As one of the most demanded cryptocurrencies, the coin fell sharply in 2022 due to the collapse of TerraUSD (UST) in May and [Sam Bankman-Fried's FTX](/news/article/sam-bankman-fried-bail-co-signers-revealed) later in November. 

Thriving on positive market sentiment that has seen Bitcoin (BTC) and Ethereum (ETH) surpass $30,000 and $2,000, respectively, for the first time in months, ADA has also been on an uptrend of its own. 

After opening the year on 1 January with a trading price of[ $0.2464](https://coinmarketcap.com/currencies/cardano/historical-data/), it reached a then-yearly peak of $0.4192 in February on the back of a partnership with AI-powered technology [SingularityNET](link). It closed the first quarter of the year at $0.3989. 

Traders who added ADA to their investment portfolios during the year's opening day saw 60% returns during Q1 2023. 

Bitcoin leads the more than 20,000 cryptocurrencies on the market during bullish days and bearish seasons, while Ethereum leads changes in smart contracts-backed digital currencies. 

With the two coins seeing above-average daily volumes that have rekindled investor interest in searching for the next golden goose, ADA is back on the radar of many crypto lovers.  

As a result, the crypto asset rose to a new yearly peak price of $0.4606 on 15 April. This took its market capitalization to around $16 billion. 

## Will ADA retest $1?  

ADA reached an all-time high (ATH) price of $3.0992 on 2 September 2021. Since then, the coin has been on a downward spiral and continues to trade below $1.  

Its growing ecosystem (development activity), increasing daily trading volume, and a spike in total value locked have led to the trending of the question, can ADA retest the $1 mark across several crypto forums?  

Analyst [Elena R](https://coinpedia.org/price-prediction/cardano-price-prediction/). at crypto news and forecasting portal CoinPedia believes ADA could cross $1 again in the medium term.  

According to her, the slow process in the implementation and completion of the project's roadmap could see the coin reach the highest maximum price of $1.267 by the close of 2025. 

Latest Cardano News: TVL Soars More than $120M

Cardano Midnight is a privacy-focused blockchain set to revolutionize privacy and regulation in the blockchain landscape. The blockchain, a sidechain of Cardano, is yet to be launched.

According to its official website, it will be a [smart contract](/news/article/smart-contracts-blockchain) blockchain that allows users to only share information they want. It will enable users to share highly sensitive information without the fear of data leaks or censorship.

It will also allow developers to create DApps using many commonly used programming languages, making developing and deploying smart contracts easier.

The sidechain aims to protect the fundamental freedom of association by collaborating through open rules agreed upon by its community. It also seeks to protect the freedom of commerce by allowing users to exchange value securely and privately but in a regulatory-friendly way. Thirdly, it aims to protect freedom of expression by allowing users to express ideas and opinions without the fear of censorship.

## Zero-knowledge-proof technology (ZKP)

[Cardano Midnight](https://midnight.iohk.io/) is based on zero-knowledge-proof technology. The technology, which first appeared in computer science and cryptography, works by verifying information with minimal knowledge shared between parties.

The technology is popular because it tries to eliminate issues plaguing other authenticating ways, like hacking and loss of control of user data. Other privacy-focused blockchains using the technology include Monero (XMR) and ZCash (ZEC).

## DUST tokens

DUST token will be the native token of Midnight. Its use cases haven't yet been revealed. However, most project followers believe it will be used to pay gas fees. The token will co-exist with ADA, the native token of Cardano.

Once it launches, stakers on Cardano will earn DUST tokens automatically together with ADA rewards, according to its developers.

## Allegations

After the sidechain's announcement, Monero was quick to point out that it had a "backdoor". The privacy network claimed that the opportunity for authorities to audit, which was mentioned in the announcement of Midnight, is a “backdoor” for regulators.

IOG countered the allegations stating that regulators' interference would only be possible if authorized. Monero later called off its allegations and deleted the tweets that drew suspicion to the project.

The sidechain was [announced](https://twitter.com/IOHK_Charles/status/1593624972001349632) on 18 November, 2022. However, informants reveal that developers have been working on it, in secret, for four years. Charles Hoskinson, the CEO of IOG, admitted that he had to bite his tongue on many occasions not to reveal the project.

## Conclusion

Cardano Midnight and its native token, DUST, are part of the [Voltaire era](https://roadmap.cardano.org/en/voltaire/). If successful, the project is set to revolutionize privacy and regulation in the crypto space and give blockchains like Monero and ZCash a run for their money.

As of writing, not much about the project is known. However, according to Hoskinson, 2023 is set to be a fun and exciting year for the project. Updates are on the way.


blue image of cardano coin and click face showing midnight

Cardano Midnight: A New Privacy Blockchain 

According to CoinGecko statistics, the value of [ADA](/news/article/cardano-price-prediction) increased by more than 21% late Sunday, re-entering territory not seen since November. Cardano, the eighth-largest cryptocurrency by market capitalisation, witnessed its price surge to $0.33, a level not seen since 19 November. Cardano's value increased faster than that of the top two cryptocurrencies, Bitcoin and Ethereum.

## Why has the price of Cardano risen? 

The reasons for the jump in ADA this week need more examination. The blockchain's most recent key milestone was the September deployment of the [long-awaited Vasil split](/news/article/cardano-vasil-hardfork). Nonetheless, Cardano co-founder [Charles Hoskinson](https://iohk.io/en/team/charles-hoskinson) has recently received considerable attention.

Hoskinson's company, Input Output HK, is preparing for the upcoming release of the Lace Cardano wallet. In June, Hoskinson announced the establishment of Nessie's, a restaurant and whiskey bar accepting ADA. Hoskinson also announced on Thursday that his new Hoskinson Health & Wellness Clinic in Wyoming would accept ADA as payment.

## Views on the price of Cardano going up 

Cryptocurrency [trader](https://www.benzinga.com/markets/cryptocurrency/23/01/30325079/ethereum-rival-cardanos-20-surge-amazes-analyst-did-they-figure-out-a-cure-for-cancer) Lark Davis was shocked by ADA's remarkable price jump, asking: "Did they discover a cure for cancer or something?".

Dan Gambardello, a trader, has publicly claimed that ADA is cheap and oversold.

## The price of Solana also increases

Solana had the best opening week of the year of any top-20 coin, with a 60% rise in seven days. It's a stunning comeback for SOL, which fell more than 41% in the aftermath of the [FTX crash](/news/article/ftx-bankrupt-who-to-blame). Solana, sometimes dubbed an "Ethereum killer," was a favourite of Sam Bankman-Fried. 

According to CoinGecko, the disgraced founder's fall from grace last autumn brought Solana with it, down 94% from its all-time high of $259 recorded only one year previous. Last week's increase occurred as Solana creators released a new, Shiba Inu-themed BONK currency to compete with SHIB. Even though the launch celebration was short-lived, BONK outperformed all major cryptocurrencies during the week.


cardano cryptocurrency coin over image of crypto trading app with green filter

Price of Cardano and Solana Up 21%

[Cardano, a blockchain platform](https://www.coinbase.com/learn/crypto-basics/what-is-cardano) focusing on security and scalability, has seen a surge in price in recent weeks. But what is the prediction for the future?

Cardano's [current price](https://coincodex.com/crypto/cardano/) is $0.426895, with a 24-hour trading volume of $1.35 billion, a market capitalisation of $14.25 billion, and a market domination of 1.33%, up from a nearly 20% drop in past months. 

On the previous day, the price of ADA jumped 7.78% in the last 24 hours.

## Experts Weigh In: What's the Cardano Price Prediction for 2025?

[Despite this](https://cointelegraph.com/news/cardano-price-chart-paints-burj-khalifa-with-7-month-losing-streak-more-losses-ahead), the majority of analysts remain bullish about Cardano's future. Analysts predict that Cardano will conclude 2023 between $1.50 and $2, depending on whether the whole cryptocurrency industry experiences growth in 2023. [Analysts predict that Cardano might test $10 by the end of 2025 in the long run](https://www.analyticsinsight.net/cardano-price-prediction-is-cardano-a-good-investment/#:~:text=That%20said%2C%20most%20analysts%20are,by%20the%20end%20of%202025.).

## Fundamental Analysis of Cardano's Price Predictions: Why ADA May Reach $10 by 2025

Although the future is difficult to predict, many experts agree that [Cardano](/news/article/cardano-hard-fork) is undervalued and has great potential. Based on its fundamentals, ADA may reach $10 by 2025. Here's why:

First, Cardano has a strong team behind it, [led by Charles Hoskinson](https://cointelegraph.com/news/charles-hoskinson-and-eth-dev-get-into-a-war-of-words-post-vasil-upgrade), one of the co-founders of Ethereum.

Second, Cardano is built on a unique blockchain platform [designed to be more scalable](/news/article/cardano's-method) and efficient than existing cryptocurrencies. Finally is Cardano's hard fork launch, [Vasil](/news/article/cardano-hard-fork). 

These factors indicate a bright future for ADA and a possible price increase to $10 by 2025.

## Technical Analysis of Cardano's Price Predictions

Cardano is a blockchain platform that uses a unique Ouroboros algorithm for its Proof of Stake protocol. This makes it one of the world's most reliable and secure blockchains.

On 2 September, 2021, when it was trading at a record high of $3.10, [Cardano attained its highest price](https://coincodex.com/crypto/cardano/). Since its ATH, the price has never been lower than $0.330862. (cycle low). Since the low of the last cycle, the ADA price has risen to $0.437360 (cycle high). The sentiment surrounding the Cardano price prediction is now neutral.

As a reminder, this is merely a forecast and not financial advice.



Cardano Price Prediction

[Cardano](https://cardano.org/) claims to be one of the most advanced and diverse ecosystems in the blockchain industry. It is quite a [revolutionary project](/news/article/cardano-samsung-climate-change) introducing multiple use cases for the blockchain. That’s why its native currency, [ADA](/news/article/crypto-news-cardano), often seems lucrative to investors and the ADA price in GBP matters.  

But as the token is relatively undervalued, many are hesitant to invest in the project. If you want to know its potential, here’s everything you need to know!

## ADA price GBP today

As of today (29 November 2022), Cardano's price in Pound Sterling is [£0.3655](https://coinmarketcap.com/currencies/cardano/markets/). It shows a 5.88% upward movement with a 24-hour trading volume of £642,454,898. CoinMarketCap’s market capitalisation is around £12,620,277,858, with a circulating supply of 34.33 billion tokens.

![ada price gbp.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/ada_price_gbp_2fa11dc1b7.png)

[Source](https://coinmarketcap.com/currencies/cardano/)

Comparatively, Cardano’s value in USD is $0.4156, with an ascending trend of over 6.5%. Besides, its market cap in USD makes up $14,357,628,346.

## An analysis of ADA price GBP

[October](/news/article/crypto-hacks-peaking-october) has been a tough month for this blockchain platform. But towards the end, it gained momentum as the price reached almost £0.37. Previously, the critical support level for ADA was at £0.34, and the key resistance level was £0.37. Now, its value has moved above this resistance, which hints toward a possible bullish trend.

The currency’s value has risen by around 5% in the past seven days. Now, it seems to be in the position of going past this level and capitalising on the upward trend. If it manages to sustain its current value, it may see an upswing that will take it to the 0.45 GBP mark. 

## Cardano against Dogecoin

Cardano has experienced a price correction and is showing signs of a [bullish position](/news/article/will-crypto-recover). But its performance is not as impressive as Dogecoin. Recently, it has overtaken Cardano as the eighth-largest crypto in terms of market cap. Moreover, DOGE has surged over 46% in the past seven days. 

As of today, [DOGE’s value](/coins/doge) has reached £0.1131. It also briefly touched the £0.13 mark, which was the highest in the past six months. However, Dogecoin is currently down by 2.50%. Nonetheless, these gains are massive in comparison to Cardano. This is the reason DOGE has surpassed ADA in the rankings. 
 
## Price patterns in the past of ADA

ADA’s price history suggests that it performs well only during the bull cycles and struggles badly during the bear cycles. When it was launched in 2017, its value was only around £0.020, reaching £0.98 at the end of the year. In 2018’s bear market, it plunged to £0.11. 

From 2018 to 2020, Cardano’s value remained between £0.03 to £0.07. Then, in the bullish market of 2021, it reached its highest value of £2. After that, the value continued to drop. This indicates the highly volatile nature of ADA. That’s why long-term [investments in Cardano](/news/article/cardano-investment) have always been a bet.


ADA Price in GBP: Conversion and Analysis

Cardano analysis shows that the network offers a resilient [and scalable](/news/article/cardano's-method) blockchain using a Proof of Stake consensus process. Designed to conduct transactions, the blockchain platform Cardano uses its native cryptocurrency, ADA, to facilitate the process.

Founded in 2015 and made public in 2017, Cardano is a decentralised blockchain. Since it doesn't rely on cryptocurrency mining, it is more energy-efficient and scalable. It has established itself as a competitor to PoW blockchains like Bitcoin.

The [goals for Cardano's development](https://www.youtube.com/watch?v=-LWVdXBshdI) are significant. As per the developers, when voting and treasury management on the blockchain are added to Cardano's capabilities, it will eventually become completely decentralised.

While the Cardano platform can handle any transaction, its ultimate goal is to establish an ecosystem that enables smooth interoperability across various blockchains. Let's move into some more detailed Cardano analysis.

## Cardano analysis: It ranks way ahead of its competitors in terms of decentralised nature

The first significant benefit our Cardano analysis reveals is how decentralised the network is. For instance, it provides more than 3,100 staking pools and has staked 70% of the circulating supply. If you look at the numbers, you'll have to agree that Cardano is among the best compared to other Layer 1 blockchains. Cardano's 3,100 validators put it far ahead of its rivals, with Avalanche having 1,200 and Solana with 1,900 validators.

If we pay more attention, we can notice that 22% of the active holdings and 72% of the total pools are operated by single pool operators. This is fantastic since these smaller single pool operators should gain a more significant stake than a small number of large corporations to control everything. Speaking of influential organisations, Binance has the largest staking group, yet it only represents 11% of the total stake. Things seem to be going exceptionally well in decentralisation.

The K parameter for Cardano is the primary reason for their decentralised nature. People are motivated to spread out their state when a pool is oversaturated since it reduces the staking reward. Also, the community of Cardano is quite proud of its decentralisation, which is the second factor.

Being decentralised has its benefits. First, users can always use their coins and tokens thanks to a decentralised infrastructure. A contract's conditions, such as those of a loan, cannot be altered by either party. No third party can stop someone from spending coins or tokens that they have in their wallet. If the coins are secured in a smart contract, the conditions for possession and release will be explicit. The global network that is run by thousands of people all across the world is almost impossible to stop.

## Proof of Stake vs Proof of Work

Continuing our Cardano analysis, let's look at the different algorithms.

On a blockchain network, Proof of Work and Proof of Stake algorithms are used to validate cryptocurrencies. The primary distinction is how they select and qualify users to add transactions.

The PoW consensus algorithm involves challenging puzzles that powerful computers used by miners must solve. Using trial and error methods, the issues are resolved.

The ability to add new blocks for transactions to the blockchain belongs to the first miner who solves the problem or cryptographic equation. The transaction is then added to the blockchain once the miner has verified the block. The miners receive compensation for their participation in the form of digital coins, which they could later sell on the crypto exchanges or hold as part of an investment strategy.

Staking in a PoS system performs similarly to mining in a proof of work system. It selects a network participant to add the most recent transactions to the blockchain and receive cryptocurrency in return.

While PoS operates on the idea of staking, PoW entails competing to solve a challenging mathematical problem to get the opportunity to verify the block. Because the two systems operate on fundamentally different principles, PoS can perform the same purpose as PoW while using only a tiny amount of energy. And for this reason, Cardano is way more environmentally friendly than others like Bitcoin and Litecoin.

## Cardano's major network upgrade - Vasil hard fork

Any Cardano analysis must take account of the [Vasil hard fork](/news/article/cardano-hard-fork). It was intended to improve the platform's transaction throughput rates, DApp development potential, security, and usability in general. On 22 September, Cardano's long-awaited Vasil upgrade finally went live after several delays and setbacks. The hard fork is intended to boost Cardano's decentralised apps (DApps) development potential and to increase the ecosystem's scalability and general transaction throughput capacity from the outside. A hard fork is a network upgrade when the people in charge of a blockchain platform want to add or change specific features to the ecosystem.

The improvement will increase the ecosystem's transaction effectiveness and block latency rates. Diffusion pipelining, a method that aims to speed up block propagation times while boosting the network's transaction processing capacity, will also be used due to the hard fork. It will increase scalability, [smart contracts' potency](/news/article/smart-contracts-blockchain), and interoperability between Cardano's blockchain and other blockchains.

## Smart contract platform of the Cardano blockchain - Plutus

Cardano's Plutus significantly differs from Ethereum's Solidity. Since they come from two entirely distinct programming paradigms, it shouldn't be surprising that they are quite different in almost every way. There are many advantages to the Plutus language, but most result from using a functional programming language. As a result, their smart contracts are simpler to verify, and you can demonstrate mathematically that they will behave as you anticipate. There are also less strange edge circumstances that could mistakenly result in a million-dollar hack in general.

Plutus makes it possible to construct distributed applications and smart contracts using an innovative integrated method that is more practical and secure than previous options. The same language is used in both on-chain and off-chain code.

## Cardano analysis: Two layers of blockchain

A settlement layer (CSL) and a computation layer (CCL), which operate as the essential building blocks of every transaction, comprise the [third-generation blockchain platform](https://cointelegraph.com/blockchain-for-beginners/a-beginners-guide-to-the-cardano-network-and-the-ada-ecosystem) that makes up the Cardano ecosystem.

## Cardano Settlement Layer (CSL) 

To isolate a transaction's value from its computational data, Cardano's inventors set out to create a system.
The Cardano Settlement Layer controls the exchange of value or currency between the sender and the recipient. In other words, the routing layer for all control layers and systems is the settlement layer.

The CSL uses two specialised scripting languages, Plutus and Marlowe, to shift the value and extend support for the overlay network protocol.

## Cardano Computation Layer (CCL)

The foundation of Cardano's CCL implementation is its capacity to support the long-term scaling of specialised protocols. As technology develops, this entails adding hardware security modules (HSM) to the current stack of protocols.

The two layers of the Cardano blockchain enable the ecosystem to proactively adopt modifications to promote quicker and more secure transactions while removing any user metadata that turns out unnecessary for the procedure.

## Cardano analysis: Tokenomics

Every epoch (five days) on the Cardano Network, Cardano validators (pool operators) and their respective delegators receive incentives. Rewards come from both monetary expansion and transaction fees.

The reserve, established by the difference between the total supply of ADA and the maximum supply of ADA, is where the monetary expansion originates from. The total supply of ADA comprises both the ADA held in the treasury and all ADA that is currently in use. The maximal supply of ADA, however, is 45 billion.

Our Cardano analysis shows that 0.3% of the reserve is given as staking rewards and treasury financing with each epoch. This will continue until exhaustion after a few years.

## ADA - The native token

The maximum quantity of ADA, the native token of Cardano, is 45 billion tokens. Cardano analysis reveals as that 34.4B ADA are in circulation as of November 2022.

In total, 25.927 billion ADA were sold to investors during the genesis block distribution. Of that sum, 5,185,414,108 ADA, or 20%, were distributed to the three significant corporations (IOHK, EMURGO, and Cardano Foundation).

As a result, during Cardano's official launch, 31,112,484,646 ADA was available, with a total of 13,887,515,354 ADA set aside as the reserve for staking incentivisation.

## Staking ADA

Pool operators, also known as validators, charge a commission for their operations, which include running staking pools. Delegators receive staking rewards based on how much they have pledged. Staking income is automatically distributed and compounded by the protocol every five days - one epoch.

There is no lock-up time, and delegators can choose and delegate to any staking pool. There is no unbounding period; stakers can withdraw their payouts whenever they want.

However, Cardano's analysis reveals that it takes three epochs, or about 15-20 days, for the original stake to start yielding returns.

The treasury receives 20% of all income earned, and the expansion rate is currently set at 0.3%. The delegator makes according to their stake amount minus the commission charge, depending on how well the pool performs.
At the current pace, delegators might anticipate a total annual percentage yield of about 5%.

## Cardano analysis: eUtxo is superior to account-based architecture

Using a mechanism known as extended Utxo(eUtxo), Cardano has a distinctive method for maintaining records for their blockchain.

The Cardano analysis shows that the network chose to abandon the account-based architecture in favour of something more like Bitcoin's Utxo model because, as you can see, it wanted to be different from Ethereum.

First, in this section of Cardano analysis, let's concentrate on eUtxo's benefits. eUtxo allows you to produce a transaction or output from your address as long as you have the required number of inputs into it. Given that all necessary inputs are present, Cardano transactions have the unique virtue of being guaranteed to execute. This is a vastly superior alternative compared to account-based systems, where transactions frequently fail if the network changes while they are being processed.

Second, as long as they do not use the same inputs, the eUtxo architecture enables Cardano nodes to perform transactions in parallel. They are far more scalable than account-based systems, which handle transactions one at a time within a block. Additionally, transaction fees can be precisely calculated before a transaction is sent. It is far better for users than Ethereum, where we occasionally send a transaction, but the cost is much greater than anticipated. There are many more advantages to eUtxo, but these should help you understand why Cardano chose this model over others used by their competitors.

## Cardano Ballot: The decentralised voting app

Despite the fact that the [Cardano Ballot](https://cardanofoundation.org/en/news/the-cardano-ballot-developing-a-decentralized-voting-app/?utm_campaign=Cardano%20Summit%202022&utm_content=225015074&utm_medium=social&utm_source=twitter&hss_channel=tw-4135644558) was created only for the Cardano Summit 2022, it sparked debates about an enterprise-grade solution and the steps necessary to deploy it. Cardano's Metadata Tools team, notably the Cardano Foundation, is mindful of the expanding research and development towards self-sovereign identification (SSI). We could expect more from the Cardano team in this direction.

The Metadata Tools team came across both respectable elements within the Cardano development environment and places that may use further research and development throughout designing and creating the Cardano Ballot. They are now compiling and evaluating future directions for enhancing the Cardano development and user experience to continue their collaborative work with the ecosystem. 

## Cardano analysis: The Etter Edition 01

Etter Edition 01, a collaborative effort by Christian Etter and Alexander E. Brunner that combines physical and NFT generative art, was facilitated by the Cardano Foundation. The Swiss-based Web3 infrastructure company NMKR issued the [Etter Edition 01](https://cardanofoundation.org/en/news/cardano-foundation-facilitates-launch-of-etter-edition-01/) NFTs, which are redeemable on the Cardano blockchain for actual works of art.

Cardano analysis confirms that the physical version of Etter Edition 01 will feature generative motion graphics identical to those used in the Cardano blockchain's digital NFT version. The project is an example of how Cardano can make it easier to create NFTs with sophisticated metadata features.

The NFT can also be purchased with any currency, demonstrating the outstanding interoperability possibilities the Cardano ecosystem offers. A decentralised algorithm inside the artwork alters the painting endlessly throughout time, fusing the distinctive characteristics of the physical and the digital worlds. The algorithm will be guaranteed to be authentic and unchanged by this ground-breaking usage of the Cardano blockchain, making the code a crucial component of the artwork.



Cardano Analysis and Explanation

In this article, I have analysed Cardano's performance along with the ADA to GBP conversion rate to determine whether it is a good investment.

[Cardano](https://cardano.org/) is a highly developed and diverse ecosystem in the blockchain industry. It is often dubbed a [revolutionary project](/news/article/cardano-hard-fork) with various use cases. Thus, Cardano’s native token, ADA, may seem like a good prospect for [investment](/news/article/cardano-investment). 

Though the token may seem undervalued, it has seen a few highs and lows in the past. Nonetheless, it has experienced high volatility since 2018, so gauging its potential has become difficult. If you are considering investing in it, here you can find the ADA to British Pound Sterling  conversion rate and analyse whether it will be a good investment for the coming years.  

## ADA Price today

As of today, 24th November 2022, the token changes hands at around 0.3154 USD, according to [CoinMarketCap](https://coinmarketcap.com/currencies/cardano/). Its current market cap is $13,472,917,601, with the past 24 hours trading volume of $580,517,946.

Its value in Pound Sterling is £0.3372, which is currently down by 4.08%. Its previous close was £0.335802, with a trading volume of 503.63 million.

## ADA to GBP price analysis

Before you move on to the price predictions, observing the previous patterns in ADA's price is vital. In the beginning, in 2017, its price was a mere £0.020. However, it started to gain momentum towards the end of the year and reached £0.98. Then during the bear market of 2018, it slipped to £0.11.

![Picture1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_f2971f5883.png)
 
[Source](https://finance.yahoo.com/chart/ADA-GBP#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-)

After that, it made modest gains on and off, but its value remained between £0.03-0.07. Finally, in 2021, it made its all-time high of around £2. But, it continued its downward trend from the end of 2021 until now.

This shows that it may make some gains in the next bull cycle, but its high volatility makes it risky. Therefore, according to my analysis, [Cardano](/news/article/crypto-news-cardano) might not be the ideal choice for long-term investments.


ADA to GBP Price Analysis

The climate crisis is, without a doubt, one of the most significant challenges for humanity. And if we are to tackle it, we need actionable strategies. [Blockchain](/news/article/blockchain-energy-fud) is one solution that can substantially help in combating climate change. Several initiatives have deployed this tech to track institutions' [carbon footprints](/articles/our-news/sustainable-future).

One such initiative is the Cardano Samsung partnership for a massive planting drive. The tech giant [Samsung](https://www.samsung.com/uk/) has launched a new project with Cardano's [Veritree](https://www.veritree.com/) for reforestation, aiming to provide nature-preserving solutions.

Let's learn how this smartphone enterprise is leveraging a crypto-based platform to tackle climate change!

## Cardano Samsung partnership

At the beginning of this year, one of the world's most renowned smartphone manufacturing companies, Samsung, launched a [project](https://news.samsung.com/us/samsung-veritree-plant-millions-trees-fight-climate-change/) to confront climate change. The company joined forces with a plantation management firm, Veritree. The plan of this project is the conservation of forests in Madagascar.

The Veritree platform assists in environmental solutions by leveraging blockchain tech. The Cardano Network powers this platform. That's why Samsung would collaborate with the [ADA token](/news/article/ada-coin-price-prediction) blockchain for its eco-friendly initiative. Together these firms will be working on the reforestation of Madagascar forests with Mangroves.

## Cardano Samsung tree planting drive via Veritree

Veritree is an innovative firm that offers reforestation as a service. Its plantation management system has a verifiable mechanism to bring transparency. The firm aims to plant over 1 billion trees in a decade by assisting different companies in their eco-friendly projects. 

This project is taking place in different regions of the Republic of Madagascar. These regions include Mahabana, Kandrany, and Mariano Mangrove. For this purpose, Mangroves are selected as they can quickly grow in these coastal regions. Veritree set the target of planting 2,000,000 trees in the first quarter of 2022 and has successfully achieved it.

![cardano samsung 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cardano_samsung_1_18ad489ffc.png)
 
Since a verifiable system is used, anyone can track the stats for this plantation drive. Besides the tree count, it shows the area covered, and the tonnes of CO2 absorbed from the environment due to reforesting. According to their stats, reforestation has covered 200 hectares and reduced approximately 431,225 tonnes of CO2 from the environment.  

## What lies ahead for Cardano and Samsung?

Samsung is a tech giant that primarily deals in smartphones and other electronics. On the other hand, Cardano is a famous blockchain ecosystem that includes various DeFi projects. Both of them are quite distinct from each other. Yet, they share one common goal: to thrive in the crypto space and reduce atmospheric carbon emissions. 

The smartphone behemoth has already announced plans to enter the space. Samsung plans to build a [crypto exchange](/news/article/samsung-south-korea-exchange) in South Korea by 2023. It also aims to develop a unique NFT marketplace which consumers can explore through their smart TV. It will be an in-built feature in the company's smart TVs that will supposedly make trading NFT easier; a few reports suggest that the brand might leverage the ADA's blockchain for its marketplace. 

Cardano's network is one of the most popular blockchains. However, it has not yet reached the level of its competitors because of its low price. That's why its plans also involve experimenting with novel ideas like Veritree. 

The protocol recently went through a [hard fork upgrade](/news/article/cardano-hard-fork) to upscale its performance. The network might also seek expansion in African countries. So, it may create an opportunity for this network to work with the tech giant on other projects. 
Not only that, Cardano is planning numerous on-chain and off-chain developments. This may include increasing block size, updating Plutus, and improving nodes.   

## Samsung and blockchain technology

A smartphone manufacturer's name is not common in the crypto world. However, this company is looking to change this trend. The Cardano-Samsung partnership is not the only instance for blockchain use. 

The [Samsung blockchain](https://www.samsung.com/global/galaxy/apps/samsung-blockchain/) is already live. It includes a Keystore and wallet that you can use to process your daily transactions. A decentralised crypto exchange is also part of the plans to enter the crypto world, which is planned to roll out in 2023. As the company is looking to capitalise on the crypto market, exposure to Cardano via Veritree can be beneficial.  
 



Cardano and Samsung team up to tackle climate change

The [Cardano (ADA)](https://cardano.org/) network welcomes a new update, Vasil. After the [Ethereum Merge](/news/article/ethereum-the-merge) last week, on Thursday, September 22, the Cardano hard fork was successfully released. It is the most significant upgrade on the blockchain since last year’s smart contract update. It is likely to enhance the capability and performance of the blockchain. 

Charles Hoskinson, the co-founder of the network, announced the deployment of the Vasil in a [live Twitter space](https://twitter.com/IOHK_Charles/status/1573055811382829056). Meanwhile, [Input Output Hong Kong (IOHK)](https://iohk.io/), a blockchain firm, also proclaimed the procedure’s success. 

In a tweet, the firm said the launch took place at 21:44:00 UTC and collaborated with the Cardano foundation.

![cardano.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/cardano_306c5cc934.png)
 
Previously, IOHK also disclosed one significant feature of ADA’s recent update: block transmission will be possible without complete validation.

## What is the Cardano hard fork upgrade?

A hard fork is a blockchain split that results in two branches of the same protocol. It validates previously invalid transactions and blocks or vice-versa to develop a new version. There can be several reasons behind this update, like the performance limitations. 

In [Cardano’s](/news/tag/cardano) case, the Vasil update improved the network’s performance. It is to enhance the transaction speed and lower the transaction cost. Moreover, its Plutus smart contract will be upgraded to improve the decentralised applications.  

Though the Vasil has been deployed, the full features of this advancement will be accessible to the developers after September 27, as the upgrade is a lengthy five-day procedure. 

Before it went live, Charles Hoskinson said that the [Cardano hard fork](/news/article/cardano-vasil-hardfork) is one of the hardest to execute for the developers. This is the reason it got delayed and rescheduled several times. Initially, it was planned to take place in June but got postponed because of bugs in the mainnet causing compatibility issues. 
 




The Cardano hard fork upgrade goes live

AstroSwap is a decentralized exchange (DEX) built for the Cardano ecosystem. Launched in October 2021, it is a layer 2 DEX made on the Velas network, considered the fastest blockchain in the world.

AstroSwap’s link with the Velas network allows users to trade and swap Cardano tokens at faster speeds with lower fees. The project also features Galaxy Pools, where users can stake their tokens and earn and Space Lottery, where users can play and win amazing prizes.

## ASTRO Token

ASTRO token is AstroSwap’s native token. Also launched in October 2021, the token started pretty well thanks to a successful IDO exclusive on ADAPad. Within a few hours of launch, ASTRO tokens hit a [21,000%](https://finance.yahoo.com/news/astro-trades-over-33-000-182751241.html) ROI. They would continue to rise and hit a peak of 50,000% ROI within a few days after launch.

However, despite their great start, ASTRO tokens would begin to depreciate and end the year 2021, trading at $0.1345. For most of January 2022, the tokens would trade at $0.1, hitting $0.2 on a few good days. By the end of January, they were down, trading at $0.08137.

For most of March 2022, ASTRO tokens traded between $0.007 and $0.009. They picked up by the end of the month to close each worth $0.01206. The coins did drop again and have continued to trade below $0.01 as of writing.

According to [Coinmarketcap](https://coinmarketcap.com/currencies/astroswap/), while ASTRO tokens show some price appreciation, they are currently worth $0.001905. They are ranked the 1575th largest cryptocurrencies by market cap. 

ASTRO tokens have a max supply cap of 10,000,000,000 ASTRO coins. There are currently 428,462,821 ASTRO coins in public circulation. If you wish to invest in the tokens, they are available on AstroSwap, PancakeSwap, Gate.io, BKEX, and ZT. They are not listed in many crypto exchanges.

## What sets AstroSwap Apart?

Several things enable [AstroSwap](https://www.astroswap.app/#Tokenomics) to stand out as a worthwhile crypto project.

•   Features: Swapz Bridge is a feature that allows users easily and quickly bridge tokens between networks with minimal fees. Other features include Galaxy Pools for staking and Space Lottery for awarding loyal users.

•   High APY: Users can access ultra-high APYs not found anywhere within the crypto ecosystem. The High APY is possible thanks to the 45% of the total ASTRO token supply set aside for staking incentives.

•  Partnerships: It has the backing of a few strategic partners, including ADAPad, WagyuSwap, Swaps, and Bluezilla, a veteran incubator firm.


AstroSwap’s road map also shows that bigger and better things are coming. The project seeks to continue to introduce DAO governance and voting rights, [NFT collection](/news/category/nft-news), and lending and borrowing Protocols. The future seems bright for the project.




A simple AstroSwap guide for beginners

Cardano is one of a few blockchain-based projects working on solving its scalability trilemma. Its developers have been working on a scaling solution called Hydra capable of solving its scalability problem without compromising on decentralization and security.

## What is Cardano’s Hydra?

Hydra is a layer 2 scaling solution designed to address Cardano’s scalability and security issues. It has been in the works for more than five years and is soon to be launched.

Hydra utilizes a process called isomorphic scaling to maximize throughput, minimize latency and reduce storage requirements on Cardano.
Isomorphic scaling works by processing transactions off the main chain while reserving the main chain as a secure settlement layer.

To participate in Hydra (the second layer), each pool on Cardano must create a Hydra head. Each Hydra head has Cardano’s functions. Network participants’ can easily run smart contracts, create dApps, vote, use micropayments and execute other functionalities on a Hydra head.

## Cardano  vs. Ethereum scalability method

Arbitrum is a layer 2 scaling solution that aims to speed up Ethereum’s transaction time and lower the blockchain’s high fees. 
The project supports the Ethereum Virtual Machine (EVM), enabling Ethereum Defi developers to integrate their decentralized applications with it without having to make any modifications.

Arbitrum uses a process called optimistic roll up to log batches of transactions submitted on the Ethereum main chain and executes them on inexpensive scalable layer-2 sidechains.

Compared, while both [Hydra and Arbitrum](https://twitter.com/_KtorZ_/status/1433505586361081856?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1433505586361081856%7Ctwgr%5Eb9c103dce1c89fd222e7e93110a91396bec47634%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fpgpvdi%3Fresponsive%3Dtrueis_nightmode%3Dfalse) are layer 2 scaling solutions, they use different techniques for scalability. Cardano’s method (Hydra) uses state channels while Arbitrum uses optimistic roll up to increase transaction speeds and low fees on the Ethereum blockchain.
Hydra also differs from Arbitrum in that its isomorphic scaling mechanism allows transactions running on a Hydra head to be mapped to layer one transactions and vice versa. 

## Cardano vs. Bitcoin’s scalability method

The Lightning Network is a layer-2 solution designed to make [Bitcoin](/coins/btc) transactions fast and cheaper. It allows off-chain transactions.
The Lightning Network uses smart contracts to enable off-chain payment channels between parties. Only when payment channels have been established can funds be transferred between a pair of users.

Compared, Cardano’s method (Hydra) can outperform Bitcoin’s Lightning network considering Hydra’s state channels, which allow for fast and cheaper transactions. Hydra heads also make Cardano more highly scalable than the Bitcoin blockchain. 

Unlike Cardano’s method (Hydra) the Lightning network was not co-designed with Bitcoin. Hydra was designed with special provisions in place to enable it to accommodate Cardano. It is, therefore, easy to move in and out of the system while still maintaining security properties.

## Bottom line 

While not the fast or the last scalable solution in the crypto space, Cardano’s method (Hydra) stands out as one of the best yet to be launched. If it does operate as expected then it can easily help Cardano with its scalability issues. The layer-2 solution seems to have what it takes to boost Cardano’s capabilities.



Cardano’s Method Aim to Solve Scalability Trilemma

This article is about investing in new altcoins - how to start, what to do, the risks, and ones to watch out for.
Altcoin is the short hand for alternative coins, which refers to all cryptocurrencies that aren't Bitcoin.

## How can I get started with new altcoins?

There are a few ways to acquire new altcoins: buy them on an exchange, mine them, or receive them as a gift.
If you're looking to buy altcoins, the most common way is to use an exchange. You can search for a list of businesses that offer a variety of altcoins on their platform. But it is highly advised to do your research before choosing an exchange, as some are more reputable than others.

You'll need to purchase a [mining](/news/article/best-crypto-miner) rig to start mining altcoins. This can be expensive, so research and compare different rigs before purchasing. Once your rig is set up, you'll need to download mining software and configure it to start mining coins.

You could also participate in airdrops. Airdrops are when a cryptocurrency project distributes free new altcoins to the community. To participate in an airdrop, you only need a wallet address where the tokens will be sent.

## What are the risks of investing in new altcoins?

When it comes to investing in new altcoins, there are a few risks you should be aware of. Firstly, new altcoins are incredibly volatile and can go up or down in value rapidly. Secondly, new altcoins are still in their early stages and may not be as developed or reliable as more established cryptocurrencies.

Finally, altcoins are often less regulated than traditional currencies, so there is more potential for fraud or scams. As with any investment, it's essential to do your research before investing in any altcoin.

## What are the most promising altcoins right now?

Bitcoin is the most well-known and established cryptocurrency on the market, but many other altcoins are worth looking into. These cryptocurrencies have been created in response to Bitcoin and often offer different features or solutions to the problems that Bitcoin has.

Some of the most promising altcoins include Litecoin, Ethereum, Cardano, Polkadot, Polygon, Cosmos (ATOM), and Dash.

Litecoin is similar to [BTC](https://bitcoin.org/en/), but has a faster transaction speed and a lower transaction fee.

Ethereum is a wildly popular cryptocurrency, second in popularity after BTC, and is based on a platform where decentralized applications are developed.

Dash is a cryptocurrency that offers private transactions and instant payments.

If you're interested in getting into altcoins, it's essential to research to find out which ones are the most 
promising for you. As with any investment, it's always important to be cautious and aware of the risks involved.

## Conclusion

Choosing which new altcoin to invest in can be challenging as there are so many.

Research carefully and find coins with a good team behind them, a solid plan for the future, and a good track record. No matter what happens, never invest more than you can afford to lose, and remember to keep your coins safe.


How to Get Started With New Altcoins

Are you looking for the best Cardano NFT marketplace options? Then you've come to the right place.

Cardano is a popular and reputable public blockchain founded by Charles Hoskinson, the co-founder of [Ethereum](/coins/eth). It stands out as a Proof-of-Stake blockchain. It features a native token, ADA, that can be used to pay transaction fees and be staked to earn rewards.

Launched in 2017, like Ethereum, Cardano features smart contract functionality. Developers use it to create decentralised apps (dApps) and decentralized finance platforms (DeFi).

Among the many projects built on the Cardano blockchain are NFT marketplaces. The blockchain supports several reputable NFT marketplaces with different features. In this article, we zoom into five of the best Cardano NFT marketplace options.

## [CNFT.io](https://cnft.io/)

Launched by a decentralised team in July 2021, CNFT.io is the first Cardano NFT marketplace. It is one of the biggest Cardano NFT marketplaces.

CNFT.io features various listing options and supports several Cardano wallets, including Nami and Gero. It has a native token, $CNFT. $CNFT tokens are utility tokens that can be used to access projects on CNFT.io's upcoming Launchpad, special giveaways, promotions, and more.

To access CNFT.io, users must first sign in with a username and password. To purchase any NFT on the platform, users must first fund their crypto wallets. It charges a 2.5% service fee for each NFT sold.

## Jpg.store

Jpg.store is another reputable Cardano NFT marketplace that markets itself as the number one NFT marketplace on Cardano. Its minimalistic design makes it quite user-friendly. Locating available NFTs on the platform is a walk in the park.

Jpg.store features several listing options, minting tools, and a Launchpad, allowing NFT creators to mint, verify, distribute, and market their new NFT projects. It supports several crypto wallets, including Nami, Gero, and Typhon.

Jpg.store stands out with its open-source smart contracts. The platform is all about transparency. Several other pluses include rarity charts on every asset page, traits filtering, and royalties for creators. This Cardano NFT marketplace charges a 2% service fee.

## Tokhun.io

Tokhun.io is a great Cardano NFT marketplace that was initially designed as a minting platform before evolving into a smart contract-driven marketplace. Like CNFT.io, it is among the first NFT marketplaces to be launched on Cardano. It was established in March 2021.

Tokhun.io features various listing options, minting tools, serialised minting, an auction system, creator royalties, and authenticity validation. Like CNFT.io, Tokhun.io has a native token, $TKHN, which can be used to buy, sell, and mint NFTs.

While Tokhun.io isn’t the most visually appealing Cardano NFT marketplace, it does have a decent social media following. You need to sign up for a user account to mint, sell, or buy any NFT from the Cardano NFT marketplace. There is a 2.5% service fee to consider.

## Galaxy of Art

Galaxy of Art is a Cardano NFT marketplace backed by a team of ten persons from Germany, the USA, Greece, and India. The individuals range from programmers, project managers, financial experts, and educational experts to artists.

Like most NFT marketplaces on Cardano, Galaxy of Art claims to be the largest NFT marketplace on Cardano. This is yet to be proven. Launched in January 2022, Galaxy of Art is fairly young. However, it has quickly proven to be a reliable NFT marketplace.

Galaxy of Arts features various listing options, minting tools, and a time auction system. Users are, however, limited to using insider wallets. They cannot link their accounts to external crypto wallets.

## Cardahub

Cardahub is an easy-to-use marketplace that markets itself as the most advanced NFT service on Cardano. While its superiority claims are yet to be proven, it is the most technically refined NFT marketplace on Cardano.

Cardahub, among other things, features various listing options, minting tools, collection pages, free and premium minting, and a Launchpad. Its strategic partnerships are another reason it has become quite popular since its launch in 2021. It has over 25 partnerships that have helped with its growth.

Cardaub supports several wallets, including Nami, Gero, Eternl, Flint, and Yoroi. You will have to connect either of the supported crypto wallets to create, sell, or buy NFTs from the platform.

It is impressive that the platform is run by a team of Vietnamese crypto-enthusiasts working remotely from Switzerland, Germany, Sweden, and Vietnam.

## Final word

Without a doubt, Cardano supports some of the best NFT marketplaces around. While some are still in their early stages, many continue to show great promise.

CNFT.io, Tokhun.io, Cardahub, jpg.store, and Galaxy of Art are only a few of the many NFT marketplaces on Cardano. Most, if not all, of the NFT marketplaces are easy to use and feature various listing options.

With a Cardano wallet, you can easily start minting and selling your NFTs on either of the platforms.


Cardano NFT Marketplace Options for You

Amid the crypto crash, [Cardano](/news/tag/cardano) is pushing towards the Mithril update. The update can benefit the ecosystem’s security by incorporating a threshold multi-signature system. According to today’s crypto [news](https://cardano.org/news/), Cardano blockchain is about to introduce an update for better security, lesser overheads, and smooth transactions.

The proposal was presented by the lead developers of Input Output Global, Pyrros Chaidos and Aggelos Kiayias. They believe that Cardano staking can be used for multi-signature trades. In addition, the protocol might help the stake pools in signing the Cardano blocks.

Mithril’s functioning is quite different from the multi-signature system, and it can provide better transparency and efficiency. Speculation about the update led to a surge in 'crypto news Cardano' searches.

So, here’s everything you need to know about Cardano’s Mithril update!

## What’s Mithril protocol?

Mithril is a fictional metal that is lightweight yet as strong as triple steel. This is the same phenomenon that the Mithril protocol uses. It shapes a lighter blockchain but ensures a high level of security.

The previous multi-signature system requires the approval of the majority for each transaction. The logarithm to process the approval of the majority takes time, and there is room for efficiency. This is where the Mithril protocol can help blockchains with the staking mechanism for getting multi-signatures.  

## Main features of Mithril protocol design

Mithril protocol differs in many ways from the previous multi-signature mechanism for transactions. However, it is an advanced version of the multi-signature systems having 7/8 or 6/7 multi-sig wallets. Mithril protocol can weigh the Cardano tokens staked by users to evaluate how they can sign for a transaction.

The protocol works on a complex design, ensuring higher efficiency and trust in the system. Key features of the Mithril protocol include:


•	The protocol leverages the sign staking system to complete multi-signatures for higher efficiency.

•	Its setup ensures better transparency without the need for altering trust settings.

•	The trade-off between efficiency and time is used to avail flexibility.

•	It has a traceable and scalable procedure.


## Cardano staking for multi-signature transactions

It leverages the staking system for creating multi-signatures. So, for completing one multi-signature, it randomly selects different signers and weighs the number of ADAs they have pledged. Then it takes the aggregate of their stakes. Through this process, the Mithril protocol makes one stake threshold multi-signature. As the signers are selected randomly, this process can be scaled and verified.

For further clarification, you can refer to Mr. Schmiedel's explanation of how the Mithril protocol works.

## Use cases of Mithril Protocol

If you are wondering what the applications of this Mithril protocol are, here you can explore a few of its use cases! 

### 1) Full node applications like Daedalus

Mithril protocol can be highly beneficial for full node applications like Daedalus. It can speed up the synchronization while ensuring the security of the full node data. In addition, it can enhance the usage of time and resources, making the system efficient.

### 2) Mobile applications

This protocol can also be used in different mobile applications. It can offer a mechanism that works with trustless technology. Therefore, the users do not have to trust the other party or a third party to use the application. It has predefined conditions; if they are met, the application will give you the said result.

### 3) Lightweight blockchains

Mithril protocol can also work for lightweight blockchains by providing a verification mechanism. For instance, it can securely verify the forward and backward transactions and ensure efficiency. Also, it can approve the state of a blockchain by validating the Proof-of-Stake (PoS.)

### 4) Voting applications based on staking

Voting applications can also be designed with the Mithril protocol. Its threshold multi-signature can work for validating each vote to ensure transparency.

## Final Thoughts

As per today’s crypto news Cardano is moving towards implementing the Mithril protocol in their blockchain. This protocol works with the staking mechanism to multisign each transaction. It selects users at random and takes the aggregate of their ADA tokens. Through this, it creates one multi-signature for a transaction.

The Mithril protocol is more time and resource-efficient than previous multi-signature systems. Also, it ensures better security for blockchains as you can easily verify transactions through it. Its use cases show that the protocol can be highly beneficial for various web 3.0 projects.


Crypto News: Cardano (ADA) pushes toward Mithril update

Cardano has announced the opening of a 4-week window for developers of decentralized applications (dApps) and software engineers at cryptocurrency exchanges to test the protocol’s upcoming upgrade before it is launched onto the main network. 

Input Output Hong Kong (IOHK), the developers behind this upgrade ,have pointed out that this is the most significant upgrade undertaken on the Ouroboros protocol to date. 

## What the Vasil hardfork entails

The latest update will bring capability upgrades and significant performance to the chain. Aside from that, it will improve script performance for developers, and lower costs by providing higher throughput. The [Vasil hardfork](https://cointelegraph.com/news/cardano-s-vasil-hard-fork-proposal-submitted-countdown-commences) is trending because of the lesser impact the Alonzo update had on stakeholders of the project which was evident in the 11 decentralized applications on the blockchain, according to DeFiLlama. 

As one of the few chains that have found an answer to the blockchain trilemma (decentralization, security, and scalability), the update will come with the implementation of diffusion pipelining. This would improve the scalability of the blockchain for the creation of dApps. Last year, Cardano founder Charles Hoskinson pointed out that the protocol will  host thousands of applications by the end of 2021. Unfortunately, this has not been the case as projects such as Avalanche (AVAX) and Solana (SOL) have attracted substantial market share due to Hoskinson’s project not reaching full functionality, as per the roadmap given to its followers. 

Through this update, block creation will be relatively faster since they would not need full validation before transmission. This will pave the way for developers to finally build their dApps on one of the most vibrant ecosystems in the space. 
Based on analytics from Santiment (a data tracking tool), the protocol leads the entire space concerning development activity in June. 

Projects such as Kusama and Polkadot trail the Cardano, which has also been dubbed as the potential Ethereum Killer. Despite naysayers such as [Bill Gates](https://www.monitalks.io/news/article/bill-gates-crypto) and Warren Buffet’s opposition to Bitcoin, many analysts believe the Cardano crash will not last long. Digital Coin Price forecasts ADA to reach an average price of $0.58, a minimum price of $0.54, and a maximum price of $0.62 by the end of 2022. 


 Cardano Vasil hardfork countdown begins

Ready to diversify your portfolio? Then let's discover how to buy altcoins.

Cryptocurrencies offer plenty of ways to get involved in the market. At the time of writing, over 19,000 cryptocurrencies and dozens of blockchain platforms are traded on almost 600 exchanges worldwide. 

New cryptocurrencies are emerging daily and pushing inferior cryptos far from the top. Even though it may seem shaky, the market is still constantly growing. More and more entrepreneurs, investors, companies, and even governments are resorting to crypto as a way to fight against recession.
At the time of writing, [BTC](/coins/btc) held just a little over 46% of the total market cap of all cryptocurrencies. A few years ago, this number was almost 75%.
Bitcoin is hugely admired mostly by long-term holders. However, alternative coins or 'altcoins' are becoming more and more popular amongst short-term investors since their price is more prone to changes.

Altcoins come in various forms but finding the hidden treasure isn’t an easy task. 
The thing that makes certain altcoins more worthy – and attractive – is the possibilities they offer outside of BTC. 
Here are some popular altcoins by market cap.

Ethereum (ETH). First and foremost, ETH is a ledger technology on which users can build programs (DApps) and smart contracts. It has a more extensive supply and a quicker block processing speed.

Litecoin (LTC) - Known as Bitcoin's wingman, LTC shares similar features with the largest cryptocurrency but operates on a different algorithm.
Cardano (ADA). Third-generation, decentralised proof-of-stake (PoS) blockchain platform made to be a more efficient alternative to proof-of-work (PoW) networks such as Ethereum
[Polkadot (DOT)](https://polkadot.network/). DOT envisages aiding developers to construct their own blockchains and integrate them with each other 

## How to Buy Altcoins: Step-by-Step

To buy altcoins there are a few steps that need to be taken. There are many platforms on which you can buy altcoins. The process for buying may slightly differ, but the steps are mostly similar.
While we’d recommend beginners to use exchanges to protect from fraud, advanced traders can purchase altcoins over-the-counter directly from owners.

## Let’s get into the seven main steps of getting you altcoins

Step 1: Decide on the percentage of your crypto portfolio allocation
Even though altcoins are risky, that doesn’t mean they aren’t worth investing in. Therefore, separating your portfolio into different risk layers is good, especially if you plan to play with not-so-famous coins.

Step 2: DYOR to find the best altcoin for your needs
There are many factors to consider when buying an altcoin, such as wanting a brand name, wanting a native cryptocurrency or crypto that exists on a platform. It is also good to check if there is an official website and active subreddit of the specific altcoin you want to buy, what's the volume, is it supported by a wallet, and, of course, can it bring an actual profit.

Step 3: Exchange fiat to crypto
Most exchanges don't support USD purchases, so it's essential to buy supported cryptocurrencies in order to exchange them for the desired altcoin. Some exchanges support depositing assets via credit cards, purchasing stablecoins, and then trading that for the altcoin.

Step 4: Choose an exchange
Finding more crypto exchanges that offer wanted trading pairs is of utmost importance.  
Some important points to consider when selecting an exchange are their reputation, fee level, and are there any reports on previous hacking or bugs.

Step 5: Finding you a currency pair
Connect your Web 3.0 wallet storing the altcoins to the exchange. Watch closely for the trends of the currency pair and its performance for some time (one to three months is optional) before executing the trade. That’s how you will make sure you make the trade at the best moment. 

Step 6: Execute the transaction
When you are ready to execute, go to the chosen exchange and place your order. If you are placing the order for the first time, take some time to learn more about how placing orders work for the desired altcoin.

Step 7: Put purchased altcoins into a wallet
If you are buying to hold for the longer term, place your altcoins into the wallet. Remember, if there is only a tiny amount of altcoins, putting them into your wallet could lead you to lose since gas fees are usually high for the repeated transfer.


How to Buy Altcoins

## Why the [Cardano](https://cardano.org/) update milestone has been pushed back

According to Cardano co-founder Charles Hoskinson, the Vasil update will significantly increase Cardano's performance and smart contract capabilities. It was due to be completed by June 29, but the most recent estimate puts its release date in the last week of July. The developers added that a "few remaining issues" were required to certify that everything was "functioning as intended" and that they would "need a few more days" to accomplish this. 


## What the Vasil fork entails 

The Vasil hard fork will increase the Cardano update chain's speed and scalability. It will include new technologies, most notably diffusion pipelining, enabling more efficient block propagation, resulting in larger blocks, and various Cardano update Improvement Proposals to enhance data storage and access. The overall effect is more significant despite minimal alterations to the underlying technique.


## What is the market's anticipated reaction to the Cardano update? 

Despite the platform's decision to postpone the rollout of the Vasil hard fork, intended for June 29, the markets were unaffected. The previous three trading sessions have been positive, resulting in a 15% gain in price. Today, the cryptocurrency appears to have resumed its last aggressive bullish surge, which is already up 2.5 per cent. The move also seems to have positive momentum, indicating a likely higher market close. 

Therefore, we expect the Cardano update price prediction to continue its bullish run on the back of the three previous trading sessions. There is a good chance that prices will rise to the $0.65 resistance level which will significantly depend on the present bullish trend's strength. Our analysis will be in vain if prices fall below the $0.44 support level. The bearish trend will have been established by that time.


More [blockchain news](/news/category/blockchain-news).




Cardano Update: developers delay Vasil hard fork by a month

The Altcoin Season Index tracks whether investor interest points towards altcoins or [Bitcoin](/coins/btc). Normally, if three-quarters of the top 50 coins by market capitalization outperform Bitcoin over the last quarter (3 months or 90 days), the index could be called altseason.

On the other hand, if 75% of the top 50 coins cannot outpace Bitcoin regarding price performance in the last season (90 days), then there is Bitcoin Season.

[Altseason](/news/article/altcoin-season) is when there are more inflows into alternate coins than into the largest digital asset by market capitalisation, BTC.

## Importance of Altcoin Season Index 

Savvy crypto traders and investors use the altcoin season index to make decisions on whether they have to invest in altcoins or inject more money into Bitcoin.

A great example of the relevance of the Altcoin Season Index can be attributed to the current crypto climate, which is the second quarter (April to June) of 2022.

In April, the crypto altcoin season returned as Bitcoin dominance faded. An index of 100 tokens outperformed Bitcoin in March. Investors who wanted to diversify their assets in case Bitcoin plunged to new high lows bought more altcoins. They were not wrong, as the market crash of May led by Do Kwon's Terra project signaled a steep decline in all cryptocurrencies, with Bitcoin taking much of the fall.

In April, May, and June, the top 50 cryptocurrencies - including Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), TRON (TRX), Avalanche (AVAX), Shiba Inu (SHIB), Polygon (MATIC), FTX Token (FTT), Litecoin (LTC), Chainlink (LINK), Stellar (XLM), Uniswap (UNI), and Bitcoin Cash (BCH) - have not outperformed Bitcoin.

Although BTC has reached the same price levels as 2020, collectively, these cryptocurrencies and others have shed more in market value. Therefore, we can say that we are in Bitcoin Season and not altseason.
It is not surprising to see trader interest reflected in the liquidity of Bitcoin. Though much of this is related to huge selling due to the bearish trends of the market, high investor interest relative to a low-priced asset is a sign of positive reserve risk.

## How does Altcoin Season Index Relate to Bitcoin Fear and Greed Index?

Bitcoin [Fear and Greed Index](https://edition.cnn.com/markets/fear-and-greed) and Altcoin Season Index rely on BTC to make conclusions about crypto seasons.

Bitcoin Fear and Greed Index presents a bull market when the index is closer to 100 (greed) and a bearish market when the index is closer to 0 (fear). The performance of altcoins is measured against that of Bitcoin.

In conclusion, while we are not in an altcoin season in June, there is fear in the market concerning holding Bitcoin.


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