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Millix Vs Blockchain | Energy Efficiency
Blockchains attract large, sophisticated mining operations that compete against each other to win the same race. Normal people don't have enough computing power and money to compete. Thousands of miners run the race but there is only one prize. The miner that wins the race gets to produce the next block to hold a small batch of new transactions. The more miners there are competing in the race, the longer the race gets. The longer it gets, the more energy is wasted. As soon as someone wins, a new race begins and the miners keep competing to win a single prize. All the other miners lose, having wasted energy with no result. This race isn't meaningful to the transactions, it just proves that the miner did a lot of work.
Each millix transaction is individually inspected by a small group of users. A few users analyze each transaction, agree that it's valid and move on to the next transaction. The more users there are, the more transactions can be processed. There is no race or wasted effort. The work doesn't get more difficult as more users participate. Anyone with a laptop or desktop can earn transaction fees, and their computer doesn't become obsolete, because the work doesn't get harder. There are no centralized coordinators or validators. All millix users have equal authority and permission to do work. Unlike blockchains, the more people there are using millix, the faster and cheaper it becomes.
Learn more about millix at: https://millix.org
Millix Vs Blockchain | Energy Efficiency
Blockchains attract large, sophisticated mining operations that compete against each other to win the same race. Normal people don't have enough computing power and money to compete. Thousands of miners run the race but there is only one prize. The miner that wins the race gets to produce the next block to hold a small batch of new transactions. The more miners there are competing in the race, the longer the race gets. The longer it gets, the more energy is wasted. As soon as someone wins, a new race begins and the miners keep competing to win a...
Cardano Investors Lose Big as Billions of ADA Turn Red
Data from crypto intelligence portal IntoTheBlock reveals a disheartening trend for Cardano (ADA) investors, with over 6.5 billion ADAs turning red since Monday. These tokens, purchased at prices ranging from $0.373 to $0.385 per ADA, are now causing losses for their buyers and holders. Today, the price of ADA dipped below the lower end of this range.
Examining the Cardano token price chart, it becomes apparent that a significant portion of this volume was acquired last Friday and over the weekend. During this period, ADA witnessed an 8.3% surge, climbing from $0.354 to a high of $0.384. The buying frenzy was widespread, with more than 160,000 addresses adding Cardano tokens to their portfolios within this price range. Investors likely anticipated that the bullish momentum would continue, but unfortunately, they found themselves trapped in losses with billions of ADA coins in their wallets. At this point, it appears overly optimistic to expect these investments to turn profitable. For now, these investors can only hope to break even.
While the weekend surge might have fueled hope, market dynamics swiftly changed, catching many investors off guard. The coming days will reveal whether ADA's price can recover, providing relief to its investors, or if further downward pressure will persist. In the meantime, those who find themselves facing losses will need to reassess their investment strategies and evaluate their risk appetite in light of these recent developments. #Cardano #Cardano News
Read more on U.Today https://u.today/cardano-investors-lose-big-as-billions-of-ada-turn-red
Cardano Investors Lose Big as Billions of ADA Turn Red
Data from crypto intelligence portal IntoTheBlock reveals a disheartening trend for Cardano (ADA) investors, with over 6.5 billion ADAs turning red since Monday. These tokens, purchased at prices ranging from $0.373 to $0.385 per ADA, are now causing losses for their buyers and holders. Today, the price of ADA dipped below the lower end of this range.
Examining the Cardano token price chart, it becomes apparent that a significant portion of this volume was acquired last Friday and over the weekend. During this period, ADA witnessed an 8....
Cardano Soars Towards Self-Sovereignty: Progress Update Highlights Decentralization Milestones and Cutting-Edge Innovations
• Hoskinson highlighted that Cardano is adopting a governance model that enables the community to play an active role in decision-making.
• Cardano aims to take decentralization to the next level, giving ADA holders a chance to have a direct say in shaping the future of the network.
In a recent tweet, Charles Hoskinson, the founder of Cardano (ADA) blockchain company, provided an update on the network’s current progress. He has also praised the team’s efforts towards decentralization and highlighted its importance as a future standard for regulating the cryptocurrency industry.
In the 29-minute video, the co-founder emphasized the progress of the Cardano platform despite facing criticism and shared plans for this year, including global workshops on Cardano Improvement Proposal CIP-1694. He also mentioned writing “a ton of really great code,” specifically focusing on decentralization efforts. He said, “My belief is that we’ll be substantially more decentralized than all cryptocurrencies on the market, which is one of the primary goals of these types of protocols.”
Cardano’s Decentralized Future
Hoskinson is no stranger to stirring up controversy and igniting vibrant debates within the cryptocurrency realm. According to Hoskinson, Cardano stands out from other cryptocurrencies because of its distinctive Extended UTXO architecture and the utilization of its programming language, Plutus. He further added that the unique features of Cardano, such as its Extended UTXO architecture and Plutus programming language, compel developers to reevaluate and modify their protocols, promoting creativity and originality.
Cardano Soars Towards Self-Sovereignty: Progress Update Highlights Decentralization Milestones and Cutting-Edge Innovations
• Hoskinson highlighted that Cardano is adopting a governance model that enables the community to play an active role in decision-making.
• Cardano aims to take decentralization to the next level, giving ADA holders a chance to have a direct say in shaping the future of the network. ...
TRON Collaborates With Nansen To Deliver In-Depth Insights From Blockchain Activity
The TRON DAO team is thrilled to announce a partnership with Nansen, a prominent provider of blockchain data and research trusted by the world’s leading crypto teams and enthusiasts. In-depth data-defined insights about TRON user activity will now be available via Nansen’s powerful suite of tools.
Nansen offers users “blockchain data that no one else has, remarkably fast – the way your team works.”
Nansen processes over 500 TB daily, labeling more than 250 million addresses across more than 16 blockchains, which represents more than 80% of all on-chain volume.
Nansen products exist to 10X user insights while reducing user workload.
Query is a powerful no-code crypto analytics tool built for its most ambitious customers, providing exclusive access to professional analytics as well as an exclusive community to network with other top crypto leaders.
TRON Collaborates With Nansen To Deliver In-Depth Insights From Blockchain Activity
The TRON DAO team is thrilled to announce a partnership with Nansen, a prominent provider of blockchain data and research trusted by the world’s leading crypto teams and enthusiasts. In-depth data-defined insights about TRON user activity will now be available via Nansen’s powerful suite of tools.
Nansen offers users “blockchain data that no one else has, remarkably fast – the way your team works.”...
3.3 Billion Cardano (ADA) Pushes Price Down, Can It Recover?
Cardano (ADA) has recently experienced a downturn in its price, with a significant number of addresses acquiring ADA at a price range between $0.35 and $0.37. As ADA trades around $0.36, many investors wonder whether it can recover from the current slump and regain its upward momentum.
To analyze ADA's future performance, we need to examine the "In the Money" and "Out of the Money" metrics. This involves calculating the average cost at which tokens were purchased and comparing it to the current price. If the current price is greater than the average cost, the address is "In the Money." Conversely, if the current price is lower than the average cost, the address is "Out of the Money."
Currently, ADA is sitting at the 3.28 billion level, with a minimum price of $0.35 and a maximum of $0.37. About 215,000 addresses acquired ADA within this range, creating a resistance level. Resistance is formed when a large number of addresses hold ADA at a specific price range, making it difficult for the price to break through that level. ADA is currently trading at $0.36 and moving in a local downtrend, with descending trading volume. Despite the current downturn, there are several factors that could contribute to ADA's recovery, including market sentiment: positive sentiment within the broader cryptocurrency market could also benefit ADA. If other cryptocurrencies rebound and experience growth, it could create a ripple effect and bolster ADA's price.
Read more on U.Today https://u.today/33-billion-cardano-ada-pushes-price-down-can-it-recover
3.3 Billion Cardano (ADA) Pushes Price Down, Can It Recover?Cardano (ADA) has recently experienced a downturn in its price, with a significant number of addresses acquiring ADA at a price range between $0.35 and $0.37. As ADA trades around $0.36, many investors wonder whether it can recover from the current slump and regain its upward momentum.
To analyze ADA's future performance, we need to examine the "In the Money" and "Out of the Money" metrics. This involves calculating the average cost at which tokens were purchased and comparing it to the current price. If th3....
PancakeSwap's DAO Voting for 'Aggressive Reduction' of CAKE Token Inflation
So far, 70% of the community votes have been in favor of reducing block rewards drastically over the next few months.
A community vote to reduce CAKE block rewards emitted by the decentralized-finance protocol PancakeSwap is nearing completion, with nearly 70% of votes of the decentralized autonomous organization, or DAO, in favor of an “aggressive reduction.” The vote will end 15:30 UTC on Friday.
The version 2.5 "tokenomics" proposal would move CAKE toward a deflationary model by slashing the token rewards paid to traders and stakers by over 68%. CAKE “emissions” on Syrup Pools, PancakeSwap’s main liquidity pool on the BNB Smart Chain, would drop by 94%.
Syrup Pools allows users to lock tokens for up to one year in order to earn CAKE rewards.
PancakeSwap's DAO Voting for 'Aggressive Reduction' of CAKE Token Inflation
So far, 70% of the community votes have been in favor of reducing block rewards drastically over the next few months.
A community vote to reduce CAKE block rewards emitted by the decentralized-finance protocol PancakeSwap is nearing completion, with nearly 70% of votes of the decentralized autonomous organization, or DAO, in favor of an “aggressive reduction.” The vote will end 15:30 UTC on Friday....
Cardano (ADA) up 7%, Crypto Capital Founder Says Bulls Are up to Something
Cardano (ADA) jumped more than 7% to lead gains among major cryptocurrencies on Wednesday. At the time of writing, ADA was up 7.06% in the last 24 hours at $0.40.
In the early hours of Wednesday, Bitcoin increased toward $29,000 as some speculators pointed to the anticipation of a money injection in the coming weeks in response to signals of yet another U.S. bank collapse. The surprise increase in Bitcoin's price sent the rest of the market up as well. According to Crypto Capital Venture founder Dan Gambardello, it might seem as though Bitcoin and Cardano bulls might be up to something. Gambardello posted price charts for both Bitcoin and Cardano. Most conspicuous is a positive MA crossing on both charts, which might be deemed bullish.
Cardano's ADA validated a head and shoulders pattern, which contributed to its rise to highs of $0.462 on April 15. Shortly after reaching this high, Cardano began to decline as profit-taking occurred.
ADA hit major support at the daily MA 50 at $0.376 on April 24, where bulls aggressively bought the dip. If current gains are sustained, ADA might be set to close on its second consecutive day of positive price action.
Read more on U.Today https://u.today/cardano-ada-up-7-crypto-capital-founder-says-bulls-are-up-to-something
Cardano (ADA) up 7%, Crypto Capital Founder Says Bulls Are up to Something
Cardano (ADA) jumped more than 7% to lead gains among major cryptocurrencies on Wednesday. At the time of writing, ADA was up 7.06% in the last 24 hours at $0.40.
In the early hours of Wednesday, Bitcoin increased toward $29,000 as some speculators pointed to the anticipation of a money injection in the coming weeks in response to signals of yet another U.S.bank collapse. The surprise increase in Bitcoin's price sent the rest of the market up as well. According to Crypto Capital Venture founder Dan Gambardello,U....
Cardano ( #ADA ) and #xrp Take Center Stage as Funds Flow In
(video Credit: fiatleak.com/ada)
Digital asset investment products experienced a surge in inflows last week, with a total of $114 million flowing in, according to a recent report from CoinShares. This marked the fourth consecutive week of inflows, bringing the total amount to $345 million. The strong inflows are a testament to improving sentiment toward the asset class.
Bitcoin continued to be the primary focus for investors, with inflows of $104 million. However, there was also a bullish trend toward XRP, as an additional $100,000 in funds were registered last week. This brought the total inflows for XRP this year to $3 million.
One unexpected development was the sudden interest in Cardano (ADA) investment products. Inflows oriented to Cardano reached the $100,000 mark last week. The rise in interest in ADA coincided with the largest weekly increase in the price of the token since the beginning of the year, up 15.9%. Traditional investors and digital assets This news comes as the overall crypto market has been experiencing a period of upside. Despite the fluctuation, investors have remained optimistic about the long-term potential of digital assets. Traditional investors are also increasingly showing interest in cryptocurrencies, which could be contributing to recent inflows.
Read more on U.Today https://u.today/cardano-ada-and-xrp-take-center-stage-as-funds-flow-in
Cardano ( #ADA ) and #xrp Take Center Stage as Funds Flow In
(video Credit: fiatleak.com/ada)
Digital asset investment products experienced a surge in inflows last week, with a total of $114 million flowing in, according to a recent report from CoinShares. This marked the fourth consecutive week of inflows, bringing the total amount to $345 million. The strong inflows are a testament to improving sentiment toward the asset class.
Bitcoin continued to be the primary focus for investors, with inflows of $104 million. However, there was also a bullish trend toward XRP, as an additional $100,000...
Cardano (ADA) Whales Go on an Accumulation Spree: Data
Over the years, the Cardano ecosystem has come under significant criticism for continued delays and network updates. But ADA whales remain unfettered.
In fact, the top whales have been amassing ADA even as the token struggled to break above the crucial resistance mark of $0.40.
More Gains for ADA?
According to on-chain data shared by crypto analyst and trader Ali Martinez, ADA whales are on an accumulation spree over the past two weeks. During this period, this cohort of token holders (holding between 100 million to 1 billion ADA) has managed to scoop up 560 million ADA, worth around $218.4 million.
Cardano’s price trajectory, for one, has improved since the beginning of the year, pushing its YTD gains to 56% from $0.25 to the press time price of $0.39. The token was up by nearly 26% in the past month alone despite a major drawdown in the second week of March.
The launch of Cardano’s native Djed stablecoin played a major role in improved investor sentiment. Following the launch, ADA’s volume in whale transactions saw a sudden spike. Such an abrupt activity tends to dwindle easily, but whale activity has defied the norm and instead remained steady at high volumes.
Read More: https://cryptopotato.com/cardano-ada-whales-go-on-an-accumulation-spree-data/
Cardano (ADA) Whales Go on an Accumulation Spree: Data
Over the years, the Cardano ecosystem has come under significant criticism for continued delays and network updates. But ADA whales remain unfettered.
In fact, the top whales have been amassing ADA even as the token struggled to break above the crucial resistance mark of $0.40....
What Cardano (ADA) Price Must Do to Trigger a 40% Bull Rally
The Cardano (ADA) price is attempting to break out from the $0.410 resistance area. If successful, this would have massive bullish implications for the future price.
ADA is the native coin of the Cardano blockchain platform. The ADA coin price has increased since the beginning of the year. On Feb. 16, it reached a new yearly high of $0.421. Initially, it seemed that the high caused a breakout above the $0.410 resistance area. This is a crucial area that has acted as both resistance and support since May 2022.
However, the price failed to break out, instead deviating above the area and falling afterward.
Nevertheless, the ADA price is in the process of making another breakout attempt. This is also supported by the RSI, which broke out from its bearish divergence trendline and is above 50.
Read More: https://beincrypto.com/cardano-ada-price-climb-40-bull-rally/
What Cardano (ADA) Price Must Do to Trigger a 40% Bull Rally
The Cardano (ADA) price is attempting to break out from the $0.410 resistance area. If successful, this would have massive bullish implications for the future price.ADA is the native coin of the Cardano blockchain platform. The ADA coin price has increased since the beginning of the year. On Feb. 16, it reached a new yearly high of $0.421. Initially, it seemed that the high caused a breakout above the $0.410 resistance area. This is a crucial area that has acted as both resistance and support since May 2022.
However, the price fRS...
TRON (TRX) Develops Digital Identification Program for Dominica Metaverse, Binance adds Polygon (MATIC) Support for NFT Marketplace and TMS Network (TMSN) Prevails In Presale
With cryptocurrencies continuing to gain traction, the crypto market remains a dynamic and rapidly-evolving space. This week is no exception, as new developments are emerging, which are likely to impact the industry. From TRON (TRX) bringing a new digital age to Polygon (MATIC) exploring a new platform, and TMS Network (TMSN) bringing us great presale numbers, there’s a lot in store to explore.
TRON (TRX) Revolutionizes Digital Identification for Dominica Metaverse
TRON (TRX) is in the process of developing one of the first Caribbean Digital Identity Initiatives, including the establishment of the Dominica Metaverse. It will also include the Dominica Digital Identity (DDID) as well as Dominica Coin (DMC) programs. This step will allow Dominica to lead the way, and allow blockchain technology to transform everyday life for the years to come. Digital identity is a key component of Web3, and TRON (TRX) will be responsible for the issuance of the aforementioned tokens. Notably, TRON’s (TRX) native tokens have been recognized as legal tender in the Commonwealth of Dominica since last year.
TRON (TRX) Develops Digital Identification Program for Dominica Metaverse, Binance adds Polygon (MATIC) Support for NFT Marketplace and TMS Network (TMSN) Prevails In Presale
With cryptocurrencies continuing to gain traction, the crypto market remains a dynamic and rapidly-evolving space. This week is no exception, as new developments are emerging, which are likely to impact the industry. From TRON (TRX) bringing a new digital age to Polygon (MATIC) exploring a new platform, and TMS Network (TMSN) bringing us great presale numbers, there’s a lot in store to explore.
