Cardano adds more than 650,000 active staking addresses and could soon arrive in El Salvador – DiarioBitcoin

For Hannah perez

Cardano added more than 50 thousand participation addresses in recent weeks and Hoskinson announced plans to visit El Salvador to promote the use of the platform in that country.

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Cardano (ADA) has added more than 50,000 active addresses from staking (participation) in the last three weeks, reaching a milestone with just over 650,000 participation addresses. Meanwhile, the world’s fifth-largest cryptocurrency could soon arrive in El Salvador after its founder Charles Hoskinson announced plans to travel to the Central American nation.

50,000 new staking addresses

According to data from Pooltool, currently the number of addresses that bet the native cryptocurrency of Cardano, ADA, has amounted to a total of 659,172 and a total of 2,647 pools (pools) active participation mining. The total funds staked is worth USD $ 30 billion, at the time of writing, representing 71.27% of the total ADA supply.

staked cardano

The number of addresses also represents an increase of just over 8% in recent weeks. June 3, Cardano broke a record by exceeding 600,000 active engagement addresses for the first time. As reported by various news media at that time, the network had reached 608,391 wallets with 2,561 active pools.

It should be noted that the process of staking (or participation) can be conceived as an alternative to traditional cryptocurrency mining, but with fewer resources. It consists of a user being able to acquire cryptocurrencies and keep them locked in a wallet for the purpose of receiving profits or rewards. In this case, it means that the number of people who use their ADA funds as collateral to secure the project while seeking long-term returns has increased.

While the number of addresses staking your ADA funds has risen considerably, the total value of tokens pledged as collateral has dropped in recent weeks. At the beginning of the month, the figure was valued at USD $ 43 billion, although in terms of percentage in relation to the total supply of ADA, there has been no variation.

The difference in the value in dollars responds to the recent price drop suffered by the token of Cardano, which went from USD $ 1.7 to USD $ 1.30 (at the time of publishing) in the last 30 days.

Cardano is the center of attention

The milestone comes amid a boom for Cardano, which has been debuting on various platforms in recent weeks.

The Canadian company Mining, which is publicly traded, recently included ADA on its list of supported assets for its equity mining services. Previously, the exchange American Kraken it had also announced a participation service for ADA. To this is added the attention that the cryptocurrency has attracted after being listed by renowned exchanges such as Coinbase Pro.

The multiples technology development announcements Cardano They have also put this cryptocurrency in the center of the table In the scene Blockchain. Some days ago, Hoskinson reported that the platform plans publish a research article about stablecoins algorithmic in the coming weeks.

The various improvements and advances of the project, including the long-awaited arrival of the functionality of smart contracts to the network Cardano, have seen ADA and its platform Blockchain underlying growth will have enormous growth this 2021. It was recently launched AlonzoBlue 2.0 on the testnet and the hard fork is expected Alonzo is completed in September thus activating smart contracts.

Hoskinson plans to travel to El Salvador

In other recent news related to CardanoHoskinson announced that he has plans to take the project to El Salvador.

After El Salvador became the first country in the world to grant Bitcoin a legal tender status, several leaders of the crypto space have expressed interest in learning more and / or participating in the historic initiative. Among them, the founder of Cardano and IOHK CEO Charles Hoskinson has not been left behind.

During a live broadcast of the day Monday, Hoskinson announced that the team of Cardano He has held talks with the authorities and political parties in El Salvador and hopes to visit the country soon. The talks could mean a new alliance between Cardano and the Central American country and a meeting with President Nayib Bukele is not ruled out.

They have definitely expressed interest in digitizing the country and going beyond just legalizing Bitcoin. So we will have a better idea of ​​it in the next 2-4 weeks.

An agreement with the Salvadoran government could give new impetus to the growing ecosystem of Cardano within the South American region. The technology development company behind Cardano, IOHK, already has an agreement with Ethiopia to help digitize the identification process in 3,500 schools across the country.


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Sources: Finbold, BeingCrypto, Finbold, DailyHodl, archive

Hannah Estefanía Pérez’s version / Daily bitcoin

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Cardano adds more than 650,000 active staking addresses and could soon arrive in El Salvador – DiarioBitcoin

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