Byron: Phase 1 or Byron was released in September and represented the first version of Cardano released to the general public. It introduced the ADA cryptocurrency and the official Daedalus desktop wallet. Only three entities were in charge of transaction verification at this stage, which meant that Cardano was essentially centralized. Shelley: This second stage focused on making Cardano decentralized by finally allowing anyone to participate in the transaction verification process. It also made ADA a highly performant cryptocurrency — managing to process thousands of transactions per second.
Shelley officially launched in June A few delays later, Goguen is finally expected to introduce them in late This essentially means that the primary blockchain will be split up into several smaller chains, called shards. Voltaire will introduce a full-blown governance system with provisions for user voting on new features and proposals. Cardano will only become a truly decentralized platform once this phase is complete.
Even the ADA token is named after Ada Lovelace, the mathematician who became the first computer programmer. Ada was also the daughter of the romantic English poet Lord Byron. In particular, support for smart contracts was expected to be released several years before its actual launch in As with any cryptocurrency or blockchain platform, Cardano needs a mechanism to verify the authenticity of new transactions on the network. The first computer to find the correct solution is rewarded for their effort, and the transactions within that batch are recorded permanently.
The PoW consensus algorithm has proven to be rock solid over the past decade. However, it is not without its problems. It is also nearly impossible to scale the PoW mechanism beyond a handful of transactions per second without sacrificing either decentralization or security. For a multi-functional blockchain such as Cardano, an alternative consensus mechanism needed to be introduced.
To that end, the Proof of Stake algorithm was chosen for its low overall energy consumption and high scalability potential. The Ethereum community has also agreed on this front and is currently in the process of migrating its blockchain from Proof of Work to Proof of Stake. While Ethereum is still working out the kinks, Cardano already has a Proof of Stake-based blockchain platform live in production.
Validators are chosen based on two criteria — the number of tokens held and the duration of their holdings. This requirement ensures that fraudulent transactions or network attacks are financially unviable.
Once chosen, a validator has a short time window to vote on the transaction. Other validators will also chime in with their independent vote. In the end, these votes will be corroborated by the network. A higher stake translates to a more trustworthy vote, so a new malicious validator cannot corrupt or hijack the system. Assuming every vote is favorable, the transaction is permanently recorded to the blockchain, and every validator receives a reward in the form of ADA tokens.
As you may have already heard, Ethereum is currently in the midst of a multi-year migration to Proof of Stake — the same consensus network that powers Cardano. Does that mean Cardano is superior to Ethereum? Well, not quite. Cardano may already have a working Proof of Stake implementation, but it still lacks the ability to host and execute smart contracts on its blockchain. The existing Proof of Work blockchain is expected to become obsolete by late What happens after Cardano reaches feature-parity with Ethereum remains to be seen.
While some smart contracts and decentralized applications will definitely migrate to it, others may choose to stay on Ethereum. With a higher market cap and larger user base, Ethereum enjoys a clear early mover advantage. It has also been in the news cycle for far longer than Cardano. Many speculate that smart contracts will not migrate away from Ethereum wholesale. Instead, they will end up adding support for Cardano in addition to other platforms.
It recently added support for BSC due to rising transaction costs and wait times on the Ethereum blockchain. Cardano still has a few ways to go before it comes close to challenging established smart contract platforms.
To that end, here are a few alternatives you can consider instead:. Ethereum is already home to dozens of decentralized applications, with use-cases ranging from token swaps to crypto crowdfunding. Algorand: Algorand is yet another Proof of Stake-based cryptocurrency that excels at scalability.
Binance Smart Chain: The Binance Smart Chain has been the target of some criticism over the past few years due to its affiliation with the cryptocurrency exchange of the same name.
Nevertheless, it represents another platform that supports smart contract functionality today. With smart contracts due any month now, Cardano is certainly one of the most hyped projects in the cryptocurrency industry. As one of the top ten cryptocurrencies by market cap, you can find ADA on most major exchanges — including Coinbase, Kraken, and Binance.
Losing it will make your ADA permanently inaccessible, so consider yourself warned. A: Yes, anyone with a positive ADA token balance can stake. In contrast, Ethereum 2. Both official wallets, Daedelus and Yoroi, include provisions for staking, and you can even stake ADA held on a hardware wallet such as a Ledger Nano S. To begin, you will have to delegate your ADA tokens to a staking pool. As the name suggests, these pools are a collective entity and simplify the staking process for newcomers and inexperienced users.
Q: How much can I expect to make by staking Cardano? As of mid, you can expect a yearly return of roughly 4. This is important because staking rewards are paid out in ADA, not dollars. A: Staking is not meant to be risky but instead a way for you to help safeguard the network. To that end, you will not lose ADA while staking in most common scenarios. The only way you could lose your holdings is if you lost access to both the wallet and copies of your recovery phrase. The Chinese government has approved a South Korean crypto exchange to operate in the country despite barring all local crypto trading services.
A report unveiled this news on February 7, noting …. A report unveiled this news on February 7, noting that DBX had become the first South Korean crypto exchange to establish a subsidiary dubbed Tabi in China.
Reportedly, Chinese authorities granted the exchange a corporation establishment license. After this, the exchange received a certificate of incorporation on February 5, making things official. The license to establish a corporation this time received from the Chinese government is a license that was obtained from the opposition to the establishment of foreign exchanges in China, so it can give even greater meaning.
While he reminisces on how leading South Korean exchanges such as Bithumb were massive money transfer systems for both individuals and businesses in China, Adrian believes that this is a bullish move.
In my view, this legalization is just a controlled way to open up new international business avenues while crypto exchanges become more and more useful, like a bank.
According to him, the country has a competitive business environment backed by a large English -speaking population. This news comes as China continues prohibiting domestic crypto trading.
The country started banning crypto activities as early as by outlawing the operations of crypto exchanges. The government soon expanded this bar to include crypto mining and trading altogether.
However, the country has been gradually warming up to digital assets. Authored by Wang Jin, an arbitrator for the commission, the report detailed that China only prohibits the use of BTC as a currency. The citizens first paid less attention to it but they had to study and see its potential.
The first Bitcoin transaction in the country was registered in late via a pioneering digital asset startup Bitcoin Vietnam in collaboration with an online cryptocurrency broker in Israel Bits of Gold.
The crypto users in Vietnam started to appreciate the benefits of making transactions using digital currencies such as lower transaction fees, no chargebacks, unprecedented trust between crypto companies and their customers, no inflation, quick receipt of money than via legacy financial institutions, and many others. In Vietnam, digital currency is available in popular forms such as debit cards, credit cards, or mobile wallets.
The use of cryptocurrencies in the country has been growing significantly due to several factors including the cheap cost of electricity that favor the crypto mining business, existing friendly financial regulations, and others. According to the report by VietnamNews, there are over a million crypto-asset users in Vietnam with huge amounts of USD in transactions daily.
Among the 74 countries that were surveyed, Vietnam has the second-highest rate after Nigeria in terms of digital currency use, and this rate has increased majorly due to the growth of remittance payments in the country, according to the report by Statista. The ease of doing cryptocurrency business is still at stake in Vietnam caused by many factors including the language barrier issue.
Besides, issuing, supplying, or using cryptocurrency as means of payment is an act prohibited in the country. However, no single person has been arrested for using Bitcoin or any form of digital currency, meaning that the ban is mostly formal.
Nevertheless, the financial watchdogs are on the alert. Back in , FTP University had accepted its foreign students to pay tuition using Bitcoin but the Vietnamese state bank stopped this move.
USD However, the future of digital currencies seems to be promising. But to ensure the growth of the industry, the government needs to properly regulate the digital currency sector instead of deeming it illegal. This would give a chance for fintech innovations including cryptocurrency to prosper.
Since its launch, the crypto space has been reeling in adopters from all walks of life. Keen to leverage the benefits of cryptocurrencies, renowned celebrities also began hopping on to this bandwagon …. Keen to leverage the benefits of cryptocurrencies, renowned celebrities also began hopping on to this bandwagon to avoid being left out.
While most celebrities shied away from supporting the crypto industry at first, this is no longer the case. The number of celebrity crypto enthusiasts has been growing rapidly. This population includes famous individuals in the sports, music, acting, and tech sectors among others. While the nascent sector offers numerous perks to celebrities, the relationship is mutually beneficial.
This is because celebrities have millions of followers both online and offline. As such, they are a powerful avenue that could help the crypto industry become mainstream. The celebrities that have fully embraced the crypto and blockchain industries include, Who does not know Lionel Messi, a football superstar? On December 8, , Sirin Labs unveiled that it had appointed Messi as its brand ambassador.
After he posted that he was happy to join the blockchain revolution on Facebook and Instagram, he potentially invited his fans to go the blockchain way too. On August 25, , he started promoting an Ethereum-based prediction platform dubbed Stox. In so doing, Suarez invited his Mayweather is a boxing champion and like Suarez, he also promotes Stox.
He teamed up with Hubii for this deal three days before his historic fight with Conor McGregor on August 26, As a result, he marketed the Hubii Network to his followers; 13 million on Facebook, 19 million on Instagram, and 8 million on Twitter. Mike Tyson is a boxing legend well-known for his ferocious boxing style. He joined hands with Bitcoin Direct in to launch Bitcoin ATM, which reportedly completes a transaction in less time than Tyson knocked out an opponent.
While rolling out the ATM line, Tyson noted that he was elated to join the Bitcoin revolution, potentially influencing millions of his fans to do the same. Kutcher is a bit-time Hollywood actor and a significant technology investor. He first tweeted about blockchain technology, Ethereum in specific, in At the moment, he is an investor in Bitbay exchange. Also, his company, Sound Ventures backed Unikrn, a blockchain-based eSports betting platform in As such, Kutcher could potentially influence his followers; 18 million on Facebook, 2.
Jamie Fox is an Oscar award-winning actor, singer comedian, and producer. He tweeted that he was eager to participate in the ICO that would help build an exchange that does not have trading fees.
In so doing, he marketed the crypto sector to his approximately 5 million fans. He is an American rapper who owns a marijuana dispensary in California. Apparently, the blockchain leaves no stone unturned when it comes to disrupting legacy industries. This saw him become a board member of the company. He shared the news of working with Paragon via a tweet, attracting the attention of his more than 1 million followers.
In his Instagram post, he held a Centra titanium debit card. He claimed that the card was the ultimate winner in cryptocurrency debit cards.
Nas is an American rapper, songwriter, entrepreneur, and investor. While he still makes hip-hop music, he is a serious investor. This path saw him invest in more than 40 startups.
One of the startups he invested in was San Francisco-based Coinbase exchange. At the moment, Coinbase is the leading crypto exchange in the US. A report unveiled that he had started working for Ethereum as a coder. His love for the blockchain industry also saw him donate several personal items for the TokenStars Crypto Christmas Charity Auction.
Mel is an English songwriter, singer, rapper, and TV personality. She was among the first celebrities to take note of the potential of cryptocurrencies. In , she became the first musician to accept Bitcoin as payment for her music.
According to her, Bitcoin united her fans across the globe. While other artists, including 50 Cent followed this trend, she remains the pioneer. With each passing day, more celebrities continue joining the crypto space. He pledged his support for Chainlink on April 7, Do you think partnerships between celebrities and crypto firms could be the key to making crypto mainstream?
Share your thoughts in the comment section below. Jinia Shawdagor is a fintech writer based in Sweden. She is passionate about cryptocurrency, blockchain and iGaming, and has been writing professionally since Jinia loves everything positive, travelling and feels joy from the little things in life.
The actual writing of this piece took around six hours, though I have been thinking on this issue for at least the past nine years since I started writing my Easy Money book. I have been told …. I have been told that the backlash from the bitcoins believers will be huge.
And if you choose to abuse at least read the piece first. You will be able to abuse better. Bulbulon ko abhi intezar karne do. Let the bubbles wait for now. He was a pioneering figure in what is known as Surrealism.
He signed it and handed it to the waiter. The waiter passed it on to the manager. He was delighted and he used the same trick at different New York restaurants to pay for meals.
Now what was happening here? He could print his own money his drawings had value , and people were willing to accept it as a form of payment. Anyone can create his or her own money as long as others are willing to accept it, though one thing needs to be kept in mind. They have gone overboard with printing money and spending it, created high inflation, as too much has chased the same set of goods and services, and in the process destroyed the prevailing form of money.
If you are interested in details, I would suggest that you read my Easy Money trilogy. Dear Reader, you must be wondering by now why am I recounting this story in a piece which is headlined to be about the bitcoin bubble. Have some patience, everything will become clear very soon.
Read on. Bitcoin is a digital currency that does not use banks or any third party as a medium or at least that is how it is conventionally defined. It is governed by a string of cryptographical codes, which are believed to be military grade and very tough to break. The price of a bitcoin has rallied big-time over the last few months. The number of bitcoins is finite and the code behind it is so written that they cannot go beyond a limit of 21 million tokens.
Interestingly, mining, or the generation of a bitcoin, happens when a computer solves a complex algorithm. Anyone can try to mine bitcoins, but with a finite number being generated at regular intervals and with an increase in the number of people joining the mining race, it has become increasingly difficult to solve the algorithm and generate bitcoins. As of January 11, , the number of bitcoins in circulation stood at The rate at which bitcoins are being created has slowed down over the years and the last fraction of the 21 millionth bitcoin will be created only in Hence, there is an overall limit to the number of bitcoins that can be created.
This is the main logic offered in support of buying and owning bitcoins. The genesis block contained a headline from The Times newspaper published in London dated January 3, The headline and the date are permanently embedded into the bitcoin data. Netflix Netflix. While alchemist Edward Elric searches for a way to restore his brother Al's body, the military government and mysterious monsters are watching closely.
Watch all you want. Videos FullMetal Alchemist. FullMetal Alchemist Trailer. More Details. Watch offline. Available to download. Japanese, Sci-Fi Movies. This movie is Mind-Bending, Exciting. German, English, French, Russian, Turkish.
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