Bittime - Cardano, one of the leading blockchain platforms known for its focus on sustainability, scalability, and interoperability, is poised for another significant advance.
Charles Hoskinson , founder of Cardano, hinted at the network's integration with Firefly in the near future.
This has sparked excitement among the Cardano community and drawn attention to the potential implications of this integration for the network ecosystem and its users.
Through his recent tweet, Hoskinson hinted at Cardano's integration with Firefly to test it and see if the SPOs (Stakes Pool Operators) like it.
In the long term, Hoskinson envisions running all infrastructure as containers and enabling lightweight consensus. He mentioned that this project is being worked on with Blockfrost.
Firefly from Hyperledger Labs is a multi-party system for enterprise data flows. It provides a purpose-built infrastructure for developing decentralized blockchain applications and addresses the layers of complexity that exist between low-level blockchain and high-level business processes and user interfaces.
It is worth remembering that in January, IOG (Input Output Global, the company behind Cardano) made a strategic investment in Blockfrost.
The investment represents a shared commitment to developing and decentralizing a key part of Cardano's infrastructure.
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The Cardano founder commented in response to a tweet from Cardano fan Chris O discussing the concept of a “SuperNode”, which may soon become a reality for Cardano.
Chris O thinks that Cardano's SuperNode may be similar to Firefly. This is what allows developers to create applications that can interact with many parties.
The benefits to SPOs running supernodes validating multiple partner chains, in addition to Cardano, are projected to contribute to Cardano's economic growth.
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ADA Price Strengthens in the Last Week
Cardano (ADA) price showed positive performance in the last week. Based on data from CoinMarketCap, the price of ADA has increased by 5.06% in the last 7 days. Today, March 14 2024, the ADA price is at IDR 11,838 per token.
Supporting Factors for ADA Price Increases
Several factors are driving ADA price increases:
Positive crypto market sentiment
Overall, the cryptocurrency market is showing a bullish trend. This also pushed up the price of ADA.
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Launch of Vasil hard fork
The Vasil hard fork is a major upgrade that will improve Cardano's scalability and functionality. The launch of the Vasil hard fork is expected to increase investor interest in ADA.
Increased adoption
Cardano is starting to be adopted by various companies and organizations. This may increase demand for ADA in the future.
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To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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