December 8, 2023

Upcoming major updates to the Cardano ecosystem. Cardano 2023

CoinADAis the native token of the blockchain networkCardano.

The Cardano blockchain was founded by Charles Hoskinson.who is also co-founderEthereum. Hoskinson launchedCardanoas a blockchain competitorethereum,but with a different concept.The Cardano project team never promotes the project, but focuses on actual developments to ensure the security and reliability of the Cardano network, unlike other projects that continue to promote their coin. This year, the Cardano ecosystem will provide the security of two stable coins.

  • The first was developed by the investment divisionCardano – EMURGO. This coin will be pegged to fiat values ​​with full transparency.
  • Djed– It is an algorithm-based stablecoin that was proposed and developed by Hoskinson in 2022. This coin was developed by a partnerIOHK– Coti network.However, this stablecoin will be algorithmiccoin, but Hoskinson was keen to over-collateralize it so that the Cardano team could easily handle any worst-case scenario. USDA and Djed are expected to contribute to the growth of the Defi (decentralized finance) sector of the Cardano Blockchain network as these stable coins will help crypto investors easily handle crypto asset trading.
  • The third important event will be a hard fork.The most important development has already been introduced to the Cardano mainnet in September 2022 through Vasil Hardfork. The Cardano development team is expected to be -IOHK – will implement the Hydra protocol on the Cardano blockchain this year. Once the implementation of the Hydra protocol is completed, the Cardano network will be able to transmit up to 1 million transactions per second.
  • The fourth biggest thing would beOraclesallows us to connect on-chain and off-chain data, and in addition, it helps smart contracts reach their true potential and use cases. Thus,Oracles on Cardanowill enable many digital financial innovations to easily collaborate with the Cardano blockchain ecosystem.