Cardano crypto reddit

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The funds transfer outage for Cardano has been in place since Friday. There's been no official word from Coinbase as to why this issue is isolated to ADA nor any estimated timeline provided for restoration of service. This is the message users see when they sign up to get updates on the outage:. While we work on a fix, your funds remain secure on Coinbase.

You'll receive email notifications when incidents are updated, and text message notifications whenever Coinbase creates or resolves an incident. One possible explanation for the Cardano-focused outage came from a Redditor called "Hyrootpharms" who posted that Cardano developers recently completed a system update that required "receiver address validation" as a security upgrade for anyone sending Cardano to a digital wallet.

The Redditor went on to assert that Coinbase had not updated its system yet to reflect that change. Messages this morning to both Coinbase Support and the Cardano Foundation for clarity on the issue have not received responses. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before.

That's how prevalent it's become. Change the wallet network in the MetaMask Application to add this contract. United States Dollar. Cardano is down 0. It has a circulating supply of 33,,, ADA coins and a max. If you would like to know where to buy Cardano at the current rate, the top cryptocurrency exchanges for trading in Cardano stock are currently Binance , OKX , Bybit , CoinTiger , and Phemex. You can find others listed on our crypto exchanges page.

To learn more about this project, check out our deep dive of Cardano. Cardano was founded back in , and named after the 16th century Italian polymath Gerolamo Cardano. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.

The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity. On Sept. Over smart contracts were deployed in the following 24 hours after the launch.

Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods. Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He explained that his first professional involvement in the industry came in , when he created a course about Bitcoin that ended up being taken by 80, students.

As well as being a technology entrepreneur, Hoskinson is also a mathematician. Cardano is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy intensive than the proof-of-work algorithm relied upon by Bitcoin. Although the much larger Ethereum is going to be upgrading to PoS, this transition is only going to take place gradually. The project has taken pride in ensuring that all of the technology developed goes through a process of peer-reviewed research, meaning that bold ideas can be challenged before they are validated.

According to the Cardano team, this academic rigor helps the blockchain to be durable and stable — increasing the chance that potential pitfalls can be anticipated in advance. At the time, Hoskinson predicted that this would pave the way for hundreds of assets to run on its network. The Alonzo hard fork launch in September will bring an end to the Shelley era, and usher in the Goguen phase.

Users can develop and deploy smart contracts on Cardano, allowing native decentralized applications DApps to be built on blockchain. Read our interview with Cardano founder Charles Hoskinson. A deep dive into the technology behind Ethereum 2. Brush up on complicated crypto terms with our glossary. A Deep Dive Into Cardano. Read our crypto staking guide Want to keep track of Cardano prices live? Download the CoinMarketCap mobile app!

Want to convert Cardano price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator. There is a maximum supply of 45 billion ADA — but at the time of writing, there was a circulating supply of about 31 billion. Five rounds of public sales of Cardano tokens were held between September and January Approximately 2.

Meanwhile, an additional 2. Last but not least, million ADA was given to the not-for-profit Cardano Foundation, which aims to promote the platform and increase levels of adoption. The project says that Ouroboros improves upon the security guarantees that are delivered by a PoW consensus mechanism while using substantially less power — claiming that it is four times more energy efficient than Bitcoin.

It is described as a blend of unique technology and mathematically verified mechanisms, with behavioral psychology and economic philosophy thrown in for good measure.