Snoop Dogg Collaborates With Clay Nation to Launch NFT Collection on Cardano
The hip hop mogul Calvin Broadus Jr a.k.a Snoop Dogg has turned his attention to Cardano with the launch of
Cardano is a public blockchain working under the Ouroboros Proof-of-Stake algorithm. It’s touted to be the first one to have been founded on peer-reviewed research. It was founded by Charles Hoskinson – a mathematician who also co-founded Ethereum.
Cardano is also developing a smart contract platform that is supposed to deliver more advanced features than its competitors. It should serve as a stable and secure platform for developers to create enterprise-level decentralized applications (dApps).
Cardano was primarily initiated as a two-layer protocol that separates the ledger of the accounted figures from the reason for which these figures are passed from different accounts.
This distinct separation lets the smart contracts (still to be deployed) on the platform be more compliant.
Cardano works through the Ouroboros Proof of Stake (PoS) algorithm. The core innovation that Ouroboros introduces beyond security is a modular and flexible design that enables the composition of many protocols to enhance the overall network functionality.
ADA is the native token of Cardano. Interestingly, it’s named after Ada Lovelace – a 19th-century mathematician who is recognized as the very first computer programmer, also the daughter of the poet Lord Byron.
Every ADA holder also holds a stake in the network. Token holders can also delegate their tokens into a staking pool and earn rewards and participate in the governance of the blockchain.
Going forward, once Cardano’s smart contracts are live, ADA should also be usable for a variety of applications and services.
It has become one of the world’s largest cryptocurrencies, with a total supply of 45 billion.
In 2021, Cardano moved closer to integrating smart contracts on its network and continued with the new developments, in general.
On March 1st, the team launched the Mary update. It introduced core Goguen features of native token functionality and multi-asset support. On the other hand, Goguen is a major upgrade stage on the Cardano roadmap that introduces smart contracts and also the ability to build decentralized applications.
The hip hop mogul Calvin Broadus Jr a.k.a Snoop Dogg has turned his attention to Cardano with the launch of
The Cardano Foundation furthers its assistance with blockchain education and research about consensus mechanisms.
Retail Cardano investors have been on the rise in the past several months, while large whales have reduced their ADA
Snoop Dogg and Charles Hoskinson will be talking about the Cardano ecosystem on April 5th.
WisdomTree has added three digital asset exchange-traded products (ETPs) to its list of crypto-related offerings.
The "Wave ADA Yield Fund" aims to support new decentralized exchanges, lending protocols, and stablecoin issuers building on top of
ADA’s surging transaction volume indicates that more institutions are getting involved with the asset.
After raising $2.6 million earlier this month, the Cardano-based DEX has announced plans to launch its own NFT marketplace.
Bitcoin is testing the $45K level for the third time, while Cardano (ADA) exploded by a whopping 32% in seven
Cardano blockchain has been making strides in DeFi as TVL soared to a new high.