The founder of the Cardano project responded to a decentralized music protocol and said that huge numbers of projects are now working to deploy in the Cardano blockchain ecosystem.
Cardano is a popular crypto blockchain network because of its better scalability over other crypto networks. On 23 September, Cardano completed its most important upgrade “Vasil Hardfork”. Now huge numbers of more important development works will happen in the Cardano Blockchain because of new pipelines integration features.
On the Vasil Hardfork execution date, NEWM, a decentralized streaming music company, tweeted that they are waiting for Vasil Hardfork in Cardano blockchain because it will bring cost-effective operations for the Protocols.
“We’ve been waiting for #Vasil to deploy our smart contracts. This upgrade makes them more efficient and cost-effective on #Cardano. The future of #music is happening now! More on this soon.”
Charles Hoskinson, the founder of Cardano blockchain and CEO of the IOHK developer team, responded and said that around 100s of Crypto projects are waiting to launch on Cardano ahead of Vasil Hardfork.
Impact of Vasil Hardfork
As all of us know very well that Vasil Hardfork has been successfully introduced in the Cardano mainnet and now the developer team is actively working to bring new efficiency supportive features in mainnet.
Soon the network fees will reduce by around 75% over the current transaction fee. Probably it will boost NFTs trade in the Cardano ecosystem and also it will attract more NFTs collections.
The second most important result that we will be able to see is scalability, which will be 1 million TPS. High scalability of Cardano blockchain will be possible via Hydra protocol, layer-2 scaling network of Cardano.
The final result of the Hydra protocol will be visible in first half of the next year.
Read also: In future Crypto assets might struggle but blockchain will not, Says Pantera Capital CEO
100s of projects are excited to launch, says Hoskinson
https://bitcoinik.com/100s-of-projects-are-excited-to-launch-says-hoskinson/feed/
https://bitcoinik.com/100s-of-projects-are-excited-to-launch-says-hoskinson/feed/
Moon Grid trading bot
OKX’s new Moon Grid bot automatically buys low and
sells high within a wide price range using artificial intelligence based on market backtesting.
Quick to set up with smart entry and exit points!
How does it work?
- Select Trade in the main menu, then select Trading bot.
- Select a spot trading pair from the Trading bot menu.
- Select Moon Grid from the listed strategies.
- Enter the amount you want the bot to trade and click Create.
- Your bot will then be live.
- To view and manage your Moon Grid bot, select Bots at the bottom of the trading dashboard.
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
