Cardano hardfork – buy the rumor, sell the news?
2021 was the year of the platform blockchain. Ethereum, Avalanche, and Solana deployed ecosystem updates that led to strong price growth. Now Cardano is set to undergo one of its biggest updates ever in the coming month. What impact will this have on price?
Cardano Blockchain “Shelley” hard fork due for release
Cardano is a proof-of-stake platform focused on building a “third-generation” blockchain. This Wednesday, July 29th, it will transition from the Byron mainnet to the Shelley mainnet via a hard fork. The update is focused on decentralization.
Cardano Price Analysis – Shelley mainnet release due this week
The Cardano development roadmap includes five distinct phases; Byron, Shelley, Goguen, Basho, and Voltaire with three eras; testnet, bootstrap, and reward. Although currently in the bootstrap era, development occurs concurrently across all five phases.
Cardano Price Analysis – Shelley mainnet release scheduled for later this year
The Cardano development roadmap includes five distinct phases; Byron, Shelley, Goguen, Basho, and Voltaire with three eras; testnet, bootstrap, and reward. Although currently in the bootstrap era, development occurs concurrently across all five phases.
Cardano Price Analysis – Centralized testnet slated for move to decentralized mainnet later this year
Cardano is currently a centralized testnet platform hoping to release a decentralized mainnet later this year. If a mainnet launch with staking is successful, exchange listings and exchange staking pools will likely follow.
Cardano price analysis: Project progresses slowly
The Cardano project has added new updates to its platform during 2019, with the completion of its Byron development stage driving positive price activity and community enthusiasm. However, the blockchain remains characterized by a slow release schedule and primarily speculative value creation.
Cardano Price Analysis – The early stages of development
Based on the state of the network, any purchase of the ADA token is purely speculative. To the ill-informed, this information might be unknown in light of the fact that ADA carries a large market cap and is ranked highly on crypto market cap tables.
Cardano Price Analysis – Promising lofty goals
Cardano (ADA) has benefited from a market filled with bullish exuberance, exploding in price from under US$0.03 to US$0.41 in less than three months, a gain of over 1500%. The market cap currently stands at US$13.11 billion with US$96.56 million traded over the past 24 hours.
Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol
We present “Ouroboros”, the first blockchain protocol based on proof of stake with rigorous security guarantees. We establish security properties for the protocol comparable to those achieved by the bitcoin blockchain protocol. As the protocol provides a “proof of stake” blockchain discipline, it offers qualitative efficiency advantages over blockchains based on proof of physical resources (e.g., proof of work). We also present a novel reward mechanism for incentivizing Proof of Stake protocols and we prove that, given this mechanism, honest behavior is an approximate Nash equilibrium, thus neutralizing attacks such as selfish mining. We also present initial evidence of the practicality of our protocol in real world settings by providing experimental results on transaction confirmation and processing.
