- Cardano has recently launched the Shelley hard fork.
- The network currently has over 600 active stake pools.
- Users can now delegate their ADA to pools to earn rewards.
Cardano successfully launched the Shelley hard fork a few days back and it currently has >620 active stake pools. These pools have a total of 2.74 billion ADA committed to staking. According to an official press release, users can now register as stake pool operators or delegate their ADA to pools to earn rewards.
As the number of registered stake pools increases, the Cardano blockchain will become progressively more decentralized. Once the Cardano mainnet has reached 1,000 pools, Cardano will become one of the most decentralized, scalable, and secure blockchains to date.
Charles Hoskinson, the CEO of IOHK, took to Twitter to share a screenshot from “Cardano PoolTool.”
IOG pools are up pic.twitter.com/LqlXNqDemQ
— Charles Hoskinson (@IOHK_Charles) August 1, 2020
The recent hard fork has pivoted Cardano away from the Byron network, which Cardano had claimed would bring the platform closer to the deployment of decentralized applications and smart contract capabilities.
ADA/USD daily chart
ADA/USD bulls took charge of the market for the second straight day. ADA/USD is currently priced at $0.1425. The Elliott Oscillator and MACD show that present market sentiment is still bearish. The bulls will next to take over the $0.148 resistance level. On the downside, we have healthy support at $0.1345 (SMA 20) and $0.117.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1
TRON, a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked.
XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch
XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday.
Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit
Blockchain company Terraform Labs said Thursday that it will restrict access to some of its products and services for US-based users as it expects to receive a court order soon in light of its legal battle against the US Securities and Exchange Commission (SEC).
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.