Cardano ($ADA) Network Added 100,000 Wallets so Far This Month, Data Shows

Data from the Cardano ($ADA) network shows that the number of wallets on it has grown by over 100,000 so far this month in the wake of FTX's collapse, as cryptocurrency users are seemingly moving their funds to wallets they control on-chain.

Timeline of Cardano

Cardano (ADA) developer Input Output Global (IOG) is working with the University of Edinburgh to create a new system that will determine if a blockchain is truly decentralized. IOG says that most blockchains claim to be decentralized but these assertions are subjective because no standard framework for evaluating decentralization exists.

In an almost shocking move, Ardan revealed that it was halting operations The project seemed to be pointing at Cardano for their failings The development team of Cardano recently hinted towards the launch date of its native stablecoin, which was January 2023.

Cardano CEO Charles Hoskinson says that a cross-blockchain decentralized identity layer will be crucial to the survival of crypto. The post Cardano CEO Charles Hoskinson Says Crypto Will Die Without Decentralized Identity appeared first on BeInCrypto.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum has failed to break the key resistance at $1,230 and has entered into a correction that appears to continue the bearish price action.

Cardano price analysis shows bullish momentum as the price is on the rise today. After gaining a considerable value yesterday, the price of the coin has increased further and continues to cover the range upwards.

Recently, Input Output Global (aka “IOG”), the blockchain technology firm behind Cardano's R&D, compared how staking works in Proof-of-Stake (PoS) blockchains Ethereum and Cardano.

Cryptocurrencies To Invest In December 2022: Before investing in Crypto one needs to know the right coin to invest in, as this can reap big rewards.  Entering the crypto space can be very overwhelming at times as the coins keep on going up and down.

Ardana, a DeFi and stablecoin ecosystem building on Cardano (CRYPTO: ADA), halted development on Thursday, citing "funding and project timeline uncertainty." What happened: Ardana Labs said it will keep the project open-source for builders, while “treasury balances and remaining funds will be held until another competent community dev(eloper) team takes over our work.

Cardano price analysis today shows that ADA/USD is currently trading at $0.3156, up sharply from its lows of $0.3040 earlier this week $0.2976. The ADA/USD pair has surged by over  0.72% in the past 24 hours, with strong buying pressure driving the price higher.

Shortly after the introduction of confidentiality platform Midnight at last week's IO ScotFest event in Edunburgh, Scotland, IOG Co-Founder and CEO Charles Hoskinson explained why Midnight handles disclosure at the DApp level not the protocol level.