Cardano is one of the most widely used types of cryptocurrency, a type of digital currency that can only be used online. Cardano was founded in 2015 and first traded publicly in October 2017 for a few pennies per token. The currency is now worth more than $1.20 in January 2022, after having peaked at more than $3 in the previous 52 weeks. It is one of the top ten most valuable cryptocurrencies in total value. Cardano was established by Charles Hoskinson, a co-founder of Ethereum, another renowned cryptocurrency, and it uses blockchain technology to run on a decentralized public ledger. Like an unending receipt, Blockchain administers and monitors the cryptocurrency, documenting, and arranging every transaction that occurs with it. This decentralized mechanism validates transactions, checks their integrity, and aids in the system’s overall stability and error-free operation. In addition, Cardano has a “proof-of-stake” method, in which currency owners are entrusted with verifying transactions in exchange for a reward. This “staking” incentive might be a fun way to get money. What Is the Origin of Third Generation Crypto Cardano Coins? According to CoinMarketCap, there were approximately 33.5 billion ADA in circulation as of January 2022. Therefore, the entire supply of coins is limited to 45 billion. Cardano is similar to Bitcoin in that it has a fixed quantity of 21 million units. And it’s in contrast to Ethereum, which has an endless supply but a limited annual issuance. The proof of stake approach in Cardano lets those who hold the cryptocurrency have an interest in the system’s integrity – validate transactions on the Blockchain. Then, these validators get compensated (in a crypto coin). Stakers, on the other hand, may lose money if validators approve invalid transactions. You can stake your coins with a validator and receive commensurate compensation as a cryptocurrency owner. However, there is usually a cost for this service. What Is the Function of the Cardano Cardano’s platform supports several different features: Cardano is a cryptocurrency that may be sent and received, as well as transferred in exchange for products and services, using a cryptocurrency wallet. Cardano supports smart contracts, which autonomously self-execute when the contract’s criteria are met. Cardano enables people to interact directly and without authorization with other persons or companies, bypassing middlemen such as banks and other financial institutions. Cardano can enable lending, trading, asset management, insurance, and other common financial activities decentralized finance. Cardano RoadMap The Cardano roadmap is a timeline of the cryptocurrency’s evolution, divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire. Each era is defined by features that will be delivered over several code releases. While the Cardano eras will be delivered in order, the work for each era is done in parallel, with research, prototyping, and development happening simultaneously across the many development streams. Each era’s work is collected and exhibited on its page, signifying years of effort. Here you’ll find a summary of the era’s goals, as well as descriptions of the key functional components, connections to related academic research, status updates, and even real-time code changes. Phases of Cardano Development Cardano is being developed in five stages to be decentralized applications (DApps) development platform with a multi-asset ledger and verified smart contracts. Each of the five phases is referred to as an era and is named after a significant historical figure. The five eras, or phases, are as follows: Foundation (Byron era) Cardano is a third-generation blockchain built from the ground up with research, peer review, and a strict formal development strategy in mind. The tale began in 2015 to address the three major strategic difficulties that all blockchain networks face: scalability, interoperability, and long-term viability. Finally, after two years, thousands of GitHub commits, and hundreds of hours of research, Cardano’s first version was released in September 2017, ushering in the Byron era. Decentralization (Shelley era) Following the Byron era, Cardano’s Shelley era is a period of expansion and development for the network. However, unlike the Byron era, which began when the mainnet was established, the transfer to Shelley is intended to be a seamless, low-risk shift with no service interruptions. The Shelley period covers Cardano’s crucial early moves toward decentralization — which, like any initial step, will be modest but substantial. Smart Contracts (Goguen era) With the addition of smart contracts, the Goguen period marks a significant advancement in Cardano’s capabilities. Whereas the Shelley period decentralizes the system’s core, Goguen builds on Cardano’s robust foundation of peer-reviewed research and high-assurance development to allow users to create decentralized applications (DApps). Scaling (Basho era) The Cardano Basho period is one of optimization, with the network’s scalability and interoperability being improved. Whereas past development eras focused on decentralization and new functionality, Basho is all about enhancing the Cardano network’s actual performance to facilitate growth and acceptance for high-volume applications. … Continued

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The job ad said the role would be 'accountable for all matters relating to the risk management of digital asset activities globally and across all Citi business lines.'

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AscendEX is excited to announce the listing of the Animal Concerts Token (ANML) under the trading pair ANML/USDT on AscendEX ...

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[PRESS RELEASE – Tallinn, Estonia, 20th January 2022] Yield App – the official digital asset wealth management partner of premier league football club West Ham United – has unveiled the hotly anticipated Version 2 (V2) of its platform, just 11 months since it launched in February 2021. In this short time, Yield App has garnered […]

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Coollaunch a Cardano-based IDO Launchpad project is pleased to announce that the IDO Launchpad MVP is going to be released soon. Coollaunch aims to be the biggest IDO Launchpad platform on the cardano blockchain.

The team at Coollaunch will be constantly working on innovations which solves inherent problems within IDO ecosystem.

$COOL Token users can stake their tokens to farm more tokens or stake their tokens to be eligible for exclusive NFT drops. 

Seed Sale Details:

Seed Sale Date: 11th January, 2022 (SEED SALE IS LIVE)

Seed Sale Close Date:

11th February, 2022 or until Token Allocation is Expended

Seed Sale Allocation:

70,000,000 COOL Tokens

Price:

1 ADA = 666 $COOL

Seed Sale Link: https://sale.coollaunch.io

Coollaunch.io with its two-round mechanism ensures every tier level gets allocated depending on stake.

Coollaunch.io is also working on striking partnerships with influencers, marketing partners and KEVM developers resulting in a robust product.

Multi-Chain Support ensuring that Metaverse, NFT and gaming projects are able to raise capital regardless of the Blockchain.

$COOl Token

$COOL is the utility token built on the Cardano Blockchain that will power the COOLLAUNCH.IO Ecosystem, $Cool Token will be used as a subscription token to access the COOLLAUNCH.IO IDO platform.

Cool Governance:

The COOLLAUNCH community is granted the power to approve all Cardano projects submitted on our Launchpad by means of governance events. $COOL holders can be able to endorse a new cardano IDO project by a voting process which will require staking your $COOL tokens in favor of a project.

Cool Staking:

Users of $COOL can generate revenue by staking the tokens to farm ADA or generate more $COOL or both.

Protocol users must be involved in voting on protocol governance concepts. The Governance Contract allows users to propose and vote on protocol enhancements.

Vision Ahead

The CoolLaunch team aims to be listed on major exchanges in coming months, after the sales are completed. Meanwhile, there are several partnership planned, which will be revealed on the official Medium handle by the team. The aim behind partnership is to disseminate information, educate the community, and eventually make the project grow further.

About Coollaunch.io

Coollaunch.io is a decentralized fundraising platform and startup accelerator built on Cardano, it fully supports Cardano native tokens, NFT, Metaverse projects and provides DeFi features required by new applications.

Twitter: https://twitter.com/coollaunch_io

Telegram: https://t.me/coollaunch

Medium: http://coollaunch-22981.medium.com/

Instagram: https://www.instagram.com/coollaunch.io/

Media Details

Company Name: CoolLaunch
Contact Name: Louis Tremblay
Email: [email protected]
Website: https://coollaunch.io

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