Thursday, October 28, 2021
Home Crypto News Market Alonzo White Testnet Can Go Live Soon Plus Cardano Hits New Milestone As...

Alonzo White Testnet Can Go Live Soon Plus Cardano Hits New Milestone As ADA Crossed 660K Staking Addresses

- Advertisement -

This year belong to Cardano as ADA founder, and Technical core expert is always busy bringing news partnerships and developments. In a recent, Youtube video of Input Output Hong Kong (IOHK), IOHK’s Marketing Director informed about recent updates of the Cardano ecosystem along with Kevin Hammond, Nigel Hemsley and Dimitris Poulopoulos. 

Read: ADA Pay Continues to Grow As COTI Powered Wolfram Alpha Adopt ADA Pay For NFT Auction


Updating on Alonzo White, technology manager at IOHK, Kevin Hammond said:

“The transition between Alonzo blue to Alonzo White is scheduled for the coming week as the team initiated basic network functionalities, as well as the initial distribution of ADA to stake pool operators.”

stormgain

The transition from Alonzo Blue to Alonzo White will not be simple, Hammond added: 

“At this stage of rolling out Alonzo, we don’t have all the core support mechanisms yet, even Plutus backend for that matter. “It can be as simple as a transaction the returns a ‘Hello world’ or confirmation of a payment that has been made. This means we have Alonzo running a smart contract.”

Delivery chief Nigel Hemsley added to the topic:

“As we move into White, we’ll do it into steps that will incorporate the release of the new release of the node and an enhanced CLI with functionality in it that enabled people to calculate the execution unit needed automatically as well other functionalities that will enable users to develop advance applications.”

Read: Another Big Cardano Partnership on The Cards As Charles Hoskinson Is Planning El Salvador Visit

Cardano Surpassed 660K Addresses 

Cardano has unlocked a new milestone; ADA staking addresses have reached 663,980 at the time of writing, according to data from pooltool.io.

The decline in ADA price has seen a sharp increase in Cardano staking addresses. Investors have taken the opportunity to buy more ADA at low prices; this shows investors interest in ADA. Over the last three weeks, more than 50,000 staking addresses have joined Cardano.



Data shows that more than $30B have been staked in total, which is more than 71% of the ADA total supply. This is a sharp 9% increase in ADA staking addresses over less than a month; the previous milestone was crossing 600,000 staking addresses.

 

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Shiba Inu Surpasses Dogecoin For The First Time Ever, Shib Becomes First Meme Token To Live Up To The ‘DOGE Killer’ Title

Shiba Inu is now officially the biggest canine coin after surpassing Dogecoin. window.coinzilla_display = window.coinzilla_display || ; ...

MoneyTree Announces the Launch of its NFT Store on Lootex

London, England / October 27, 2021 / MoneyTree, a truly deflationary and fully decentralized gaming token, announced the launch of its NFT store on...

Dubai Financial Regulator Approves Bitcoin Fund Which Is First Registered Product Of Its Kind In The Middle East

Launched by Canadian firm 3iQ Digital Asset Management, the Bitcoin Fund (QBTCu.TO) is the first registered product of its kind in the Middle East.

DOGE Lost Its 9th Position & Slips to 10th By Means of Market Capitalization, Is DOGE Going to Dump and SHIB Going to Pump?

USD Coin (USDC) has just surpassed doge by means of market capitalization. DOGE is standing at $31,026,080,066. ...

TurboXBT Is Introducing Short-Term Synthetic Digital Asset Trading

TurboXBT is delighted to introduce a next-generation cryptocurrency trading experience for both professional and beginner users. By leveraging short-term contracts of synthetic assets in...

Brazilian Giant 99 To Enable Bitcoin Trading On Their 99Pay App

Coindesk report Brazilian 99Pay wallet users will be able to make commission-free transactions in bitcoin. Read: FDIC Chairwoman Says US Regulators Are Exploring Policies For...

Tiki Token is waiting for you – Get it for automatic BNB Rewards

Let’s get things straight.  There are over 10,000 cryptocurrencies out there, at least according to Planet Crypto. But let’s be honest, most of them are...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.