|All Time High:|
|Market Cap: |
|The price of #HARD today is $0.20 USD.|
The lowest HARD price for this period was $0, the highest was $0.199, and the exact current price of one HARD crypto coin is $0.19931.
The all-time high HARD coin price was $2.87.
Use our custom price calculator to see the hypothetical price of HARD with market cap of SOL or other crypto coins.
|The code for Kava Lend crypto currency is #HARD. |
Kava Lend is 1.9 years old.
|The current market capitalization for Kava Lend is $26,865,255.|
Kava Lend is ranking upwards to #394 out of all coins, by market cap (and other factors).
|The trading volume is big today for #HARD.|
Today's 24-hour trading volume across all exchanges for Kava Lend is $1,372,214.
|The circulating supply of HARD is 134,791,668 coins, which is 67% of the maximum coin supply.|
More Kava Lend (#HARD) News
|Tron Could Be Ready For $0.1 After Hard Fight, Here Is Why?
TRX price could be ready for a short-term relief rally as the price breaks out from the downtrend, creating more bullish sentiment for a recovery. TRX looks strong on both low and high timeframes.
The price of TRX breaks out on the daily timeframe after forming a descending triangle. Tron (TRX) has struggled to remain bullish against tether (USDT) after seeing its price rejected from a region of $0.11 on several occasions to trend higher. Tron (TRX), despite being loved by the Tron community, the token has had its fair share of the current bear run coupled with the rumors of its decoupling from its pegged fiat token USSD. With the current market looking more promising ahead of more relief bounces from altcoins, we could see the price of Tron (TRX) making moves. (Data from Binance)
Tron (TRX) Price Analysis On The Weekly Chart
The new month has come with more relief for most crypto projects, with altcoins, such as BTC, ETH, and even XRP, continuing to show strength after weeks of downtrend movement.
The price of TRX has struggled to remain bullish, falling from a high of $0.11 to a weekly low of $0.05, with the price looking more stable as the price looks ready to bounce off from this region.
After hitting a bottom low of $0.05, the price of TRX bounced swiftly from that region as the price rallied to a high of $0.07 as the price faced more rejection to flip this region into a support zone for TRX price.
The weekly price for TRX closed bullish ahe...
|Cardano's Vasil Hard Fork: Which Exchanges Are Ready?
Cardano's long-awaited Vasil upgrade finally went live on September 22 after several delays and technical setbacks. This was the biggest upgrade since the Alonzo hard fork last year and is touted as a turning point for the Cardano network.
It is designed to enhance Cardano's scalability and general transaction throughput capacity in addition to boosting its decentralized applications (DApps) development capacity with the help of the hard fork combinator (HFC) approach.
On the infrastructure level, Vasil will pave the way for numerous other upcoming upgrades that aim to enable Cardano to increase its block size and TPS while simultaneously maintaining its PoS mechanism. Going forward, the improvement in the network's stability and connectivity will also come into focus.
Exchanges Suporting Vasil
So far, the top 12 crypto exchanges by liquidity extended their support for the upgrade as per the latest data.
As of September 27, 44 cryptocurrency exchanges' integration status shows 'Ready.' These also include OKX, Gate.io, Crypto.com, Bitfinex, Bithumb, Hubo, eToro, and KuCoin, among others. Kraken is still in process of integration, while Coinbase and 21 other exchanges are marked 'Not Ready.'
The upgrade was named after Bulgarian mathematician Vasil Stoyanov Dabov, a prominent member of the Cardano community, who passed away in December 2021 from pulmonary embolism.
A week a...
|Cardano (ADA) Price Reacts Poorly To Vasil Hard Fork
The Cardano Vasil hard fork had been expected for months, and finally, it is a reality. The hard fork had proceeded according to schedule, and by Thursday, September 22nd, the hard fork was live on the network. It was received amid much fanfare from the community, but the network’s native token, ADA, had not reacted as well.
Cardano Vasil Hard Fork Completed
The Cardano Vasil hard fork was targeted toward making the network more efficient than it is already. In turn, this would make it a better platform for developers to build upon. It is the most important upgrade that has been carried out on the blockchain, and its completion is a call for celebration for the community.
With the upgrade, the already inexpensive transaction fees of the Cardano blockchain will become even cheaper. It adds more space, which increases the size of each block, making it able to save higher amounts of data.
ADA trending at $0.45 | Source: ADAUSD on TradingView.com
Transactions will be even faster with the upgrade. The increased block size also plays into this, as the increased data storage space means an increase in speed. So not only will users get faster transactions, but they would also be paying below $0.16 per transaction on the network.
ADA Price Doesn’t React Well
The completion of the Cardano Vasil hard fork has not had a positive impact on the price of its native digital currency, ADA. There had been an uptick in the price of the digital asset, but it had been un...
|Ethereum Hard Fork Instigator Chandler Guo Claims the Value of ETH and F...
The U.S. dollar value of the recently airdropped coin native to the forked Ethereum proof-of-work (PoW) blockchain will be at par with that of ether, Chandler Guo, the instigator of the latest Ethereum hard fork, has said. Guo added that he expects the value of the token, which is currently 'very cheap,' to grow by 100x in ten years' time. Surging ETHW Trade Volumes
According to Chandler Guo, the self-appointed organizer of the recent Ethereum hard fork, Ether (ETH) and the recently airdropped, proof-of-work ETHW will have the same USD value in ten years. Guo argued that the new token, which currently trades at just a fraction of its September 15 high, still has the potential to grow by 100x.
In an interview with Bitcoin.com News, Guo claimed that the current price of the forked coin is 'very cheap,' hence the scope for it to grow by 100x exists. Guo, a former bitcoin and ethereum miner, nonetheless concedes that the forked blockchain has a lot of catching up to do before this hundred-fold growth is achieved. He explained:
Currently, ETH price is high because there are many developers and over 200 different projects running on top of the Ethereum PoS [proof-of-stake] blockchain. On the other hand, there are less than 10 projects on the ETHW.
Still, to prove that the work aimed at ensuring the forked chain eventually matches the PoS chain has started, Guo revealed that in just four days following the merge, 'the ETH proof-of-work chain already has two DEXs [decentralized excha...
|ADA Recovers 5% on Vasil Hard Fork Day, Is $0.5 Next? (Cardano Price Ana...
ADA managed to stop the downtrend, and the bulls pushed the price higher on the day that the protocol will see its Vasil upgrade go live.
Key Support levels: $0.43, $0.38 Key Resistance levels: $0.50, $0.56
Buyers came in strong today and managed to turn the price action around above the key support at $0.43. If this bullish momentum continues, then ADA could increase towards $0.5, which is the current resistance. This would also be a sign that the downtrend is reversing.
Chart by TradingView
Technical IndicatorsTrading Volume: Volume picked up yesterday and closed in red, but today, this was quickly reversed, and buyers have the upper hand.
RSI: The daily RSI is approaching 50 points. If buyers manage to push it above, then the momentum may reverse in their favor.
MACD: The daily MACD remains bearish, but the histogram is making higher lows which is an early sign of a possible reversal in the downtrend.
Chart by TradingView
The bias for ADA is neutral.
Short-Term Prediction for ADA Price
At this time, ADA has managed to put a stop to the downtrend, and buyers appear eager. This is a good sign, but bulls have to sustain the pressure if they are to be successful in breaking the $0.50 key resistance.
The post ADA Recovers 5% on Vasil Hard Fork Day, Is $0.5 Next? (Cardano Price Analysis) appeared first on CryptoPotato.
|Cardano's Vasil Hard Fork Happens Tomorrow: What ADA Holders Need to Kno...
Cardano's Vasil hard fork is arguably one of the most highly-anticipated upgrades for the network. The parent organization behind the platform - Input Output - took it to Twitter today to reveal everything users need to know about it and also confirmed that it will take place tomorrow - September 22nd.
What is the Vasil Hard Fork?
Named after the late Bulgarian mathematician - Vasil Dabov - who was also a very well-known and prominent community member and contributor to Cardano, the upgrade is one of great significance for the network. It's aimed at boosting its scalability and overall usability.
The Cardano Improvement Proposals (CIP) that are to be introduced with the hard fork include:
CIP-31 (Reference Inputs)
CIP-32 (Inline Datums)
CIP-33 (Reference Scripts)
CIP-40 (Collateral Outputs)
In addition, Input Output has broken down the overall changes that the protocol will go through after Vasil is live on the mainnet.
#Vasil arrives in the month of #Cardano’s fifth anniversary and significantly improves Cardano's capabilities.
Let's explore #CardanoVasil pic.twitter.com/COiVfpJyR3
— Input Output (@InputOutputHK) September 20, 2022
The hard fork will also see Plutus script enhancements come to life, which will allow many dApp developers to leverage v2 capabilities. The changes to Plutus Core (a scripting language used in Cardano's ledger), known as Plutus V2, will bring about a 'tuned Plutus interpreter and new cost models for both Plutu...
|EOS Officially Adopts Community-Led Leap 3.1 Codebase After Hard Fork
EOS managed to raise $4.2 billion in its year-long ICO back in 2018. Despite a very hyped start, the project had a rather bumpy ride. After edging close to dissolution, EOS has finally declared 'independence.'
According to the press release shared with CryptoPotato, EOS block producers have executed a coordinated hard fork to Leap 3.1. EOS is finally migrating to the newly forged Antelope Framework.
This essentially means that an individual running a node will have upgraded them to continue syncing with the network. This is EOS' second hard fork and seeks to activate new features that are not backward compatible with previous code versions.
Liberating EOSIO Codebase
Leap 3.1 is the C++ implementation of the new Antelope protocol, which comes with several new features such as transaction lifecycle improvements, upgraded crypto primitives that power EVM-related cryptography functions, and block and SHiP pruning.
For the uninitiated, Antelope is a community-run blockchain protocol supported by members of the EOS Network Foundation (ENF), which include EOS, Telos, Wax, and UX Network. The hard fork of the code of the EOSIO blockchain signals the official switch over to Antelope.
It uses an evolved version of the Proof-of-Stake (PoS) consensus mechanism called - Delegated Proof-of-stake (DPoS), wherein network users vote and elect delegates (referred to as block producers) to validate the next block. The devs use this protocol for various apps, including DeFi, NFT, games, supply c...
|Craig Wright Claims to Have Destroyed Hard Drive With Satoshi Wallet Key...
For years, Australian computer scientist - Craig Wright - has claimed that he is the mythical figure who created Bitcoin. But according to the crypto community, the truth cannot be further away. The man's credibility has taken yet another hit amid the latest lawsuit with his involvement.
It cannot get more bizarre than this.
Lack of Evidence, Yet Again
Wright first gained notoriety in 2015 after an anonymous tip led to parallel investigations by several media outlets deeming him Satoshi. However, several other investigations found that the 'flimsy evidence' put forward in the name of proof was highly insufficient. Wright went on a press tour the following year, wherein he claimed to be the Bitcoin founder himself.
After countless failed attempts, he is no longer trying to prove he is Satoshi with cryptography. Instead, Wright claims to have destroyed his only proof after he 'stomped on the hard drive' containing 'key slices' required to access Satoshi Nakamoto's private keys, according to his statement at a Norwegian court, thereby making it incredibly difficult to prove his claim 'cryptographically.'
The Australian computer scientist has, so far, been unable to defend his assertion, and it is currently the issue at the center of his trial in Norway. Simultaneously, Wright is also engaged in a legal tussle against crypto Twitter personality Hodlonaut over a series of tweets that the latter made deeming Wright a 'scammer' and a 'fraud.'
When Hodlonaut's lawyer, Ør...
|Cardano Remains Bullish Ahead Of Vasil's Hard Fork, Can Price Go To $1?
Cardano (ADA) forms bullish sentiments against tether (USDT) as the price of Cardano (ADA) aims to go higher with an imminent breakout above the current resistance. The price of Bitcoin (BTC) showed great strength after closing the weekly candle on a high, with the price holding above $21,700 for the first time in weeks. This has influenced most crypto assets, including Cardano (ADA), as the price aims to break out. (Data from Binance)
Cardano (ADA) Price Analysis On The Weekly Chart
Weekly ADA Price Chart | Source: ADAUSDT On Tradingview.com
The price of ADA has had a tough time maintaining the bullish momentum it has shown in recent months as the price was rejected from the $3 area acting supply zone for most sellers.
ADA has since struggled to discover the bullish momentum it experienced, but with the upcoming “Vasil Hard Fork,” there has been growing sentiment of the price of ADA going to as high as $1. Vasil Hard Fork is the latest and highly anticipated upgrade on the Cardano network to improve the usability and scalability of the network.
The price of ADA on the weekly chart looks good as the week closed bullish with more bullish sentiments. The price of ADA is faced with resistance to breaking above $0.54 as the price is faced with resistance to trend higher.
ADA’s price needs to break above this region for its price to trend higher to $0.6 and possibly $1. The price of ADA must break and hold above this resistance for a better chance to...
|XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August
XRP is looking extremely bullish on a short-term outlook. In the long game, the timeframe charts show an incredible selling opportunity in the next three months.
XRP looking bullish from a short-term perspective
Price mid-point of $0.36 is now poised as both key resistance and support zones
Ripple to target $1 next
However, XRP bulls may need to wait a little longer for a breach to take effect.
In June, the crypto was seen to breach the support key of $0.39. In August, XRP is seen to try to breach the $0.39 level for two weeks. However, the bulls are running out of steam sending the price crashing down under the range’s mid-point. The price dropped further down to the $0.30 level after a couple of days.
According to CoinMarketCap, XRP price has nosedived by 0.12 % or trading at $0.3558 as of this writing.
Technical indicators for the token demonstrate a sudden twist in bearish foreplay. RSI has surged past 50 and hoisted it to act as support showing a strong uptick that could linger for the next couple of days.
More so, the Accumulation/Distribution (A/D) line was able to breach the key resistance level spotted in May which is a very critical development so far.
But, such development may not validate further progress above the $0.39 level. On the flip side, this would indicate that a breach is a possibility and could happen in a couple of weeks.
XRP’s Chaikin Money Flow (CMF) also climbed, surpassing +0.08 showing remarkable buying activity.
Spike In XRP Deman...
|ETC Group Says It Will List an Exchange-Traded Product Based on Anticipa...
Digital asset-backed securities provider the Etc Group has said it will list an exchange-traded product (ETP) based on an anticipated hard fork of the Ethereum blockchain on September 15. Current holders of Etc Group's ethereum ETP (ZETH) will be issued with 'units of the new security free of charge on a 1:1 unit basis.' Ethereum Hard Fork
The Etc Group, a provider of institutional-grade digital asset-backed securities, has said it will list a new exchange-traded product (ETP) based on a hard fork of the Ethereum blockchain that is likely to occur after the so-called 'Merge.' According to a statement issued by the securities provider, the ETP will be listed on the German exchange Xetra on September 16, a day after the forking event.
As outlined in the securities provider's statement, holders of Etc Group's current ethereum ETP (ZETH) will be issued with 'units of the new security free of charge on a 1:1 unit basis.' The statement explained that the new units will be 'in addition to their existing ZETH holdings which will persist and be backed by ETH as before.'
As the Ethereum blockchain's anticipated switch from a proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism approaches, a number of crypto experts believe The Merge will see some 'miners forking ETH to keep a PoW version so they can continue mining.' As a consequence, current ETH holders will likely receive airdrops of a new altcoin called ETHW.
Explaining the reasons behind the Etc Group's plan to list the...
|Bitcoin Bulls Aim Past $20,000 Level – How Hard Can They Charge Fo...
Bitcoin bulls have their hands full in the next days to carry out a strong advance to lift BTC out of the pit.
Throughout today's trading session, the market's performance has been bullish. CoinGecko reports that bulls are driving prices higher for nearly 80 of the top 100 cryptocurrencies. The site has only flagged six coins as the biggest losers so far.
CoinGecko has identified Bitcoin as one of the top advancing currencies. With a 24-hour market volume of $34.7 billion the currency has seen a massive increase in value in the last few hours.
This increase in price is consistent with the bullish trend seen in the market for other cryptocurrencies Friday, which includes Ethereum.
But looking at the big picture, Bitcoin is still far below its August high of $25,000, when it first reached its current value, but in fairness, it already has its sights past the $20K barrier.
As shown in the graph, Bitcoin attempted to consolidate its price range over the course of 45 days.
Bitcoin Bulls Resisting Downward Pressure
Bitcoin attempted to reduce volatility between August 19 and August 26. Bitcoin's price fluctuated between $21,897 and $20,790.
Despite the bulls' best efforts to stabilize the price of the coveted token on August 26, its value continued to decline.
Investors and traders were frightened by these previous price movements, as their indicators transmitted strong bearish and sell signals. But recently, bulls sped up and ...
|Bitcoin, Ethereum Technical Analysis: ETH Above $1,600 as 'Bellatrix' Ha...
Ethereum rallied on Tuesday, as founder Vitalik Buterin confirmed a part of the 'Merge' event was commencing today. In a tweet he stated: 'What's happening today is the Bellatrix hard fork, which prepares the chain for the merge.' Bitcoin was also higher, as it traded near $20,000. Bitcoin
Bitcoin (BTC) briefly rose above $20,000 on Tuesday, as the token marginally increased in price following recent lows.
After hitting a bottom of $19,673.05 on Monday, BTC/USD surged to a peak of $20,155.27 earlier in today's session.
Today's move once again saw bitcoin fail to break out of its short term ceiling at $20,230, which has been in place since August 26.
Looking at the chart, it appears that another resistance point has been in place during this period, with the 14-day relative strength index (RSI) also failing to break out of its ceiling.
As of writing, the RSI is tracking at 37.54, which is marginally below the aforementioned resistance point of 38.00.
Should price strength eventually move past this point, then we could see BTC make a run towards $21,000.
Today's big story has been ethereum, which rose as the much anticipated Merge edged closer.
Ethereum founder Vitalik Buterin today tweeted: 'The merge is still expected to happen around Sep 13-15'.
He added that, 'What's happening today is the Bellatrix hard fork, which prepares the chain for the merge.'
Following these tweets, ETH/USD surged in today's session, rallying to a peak of $1,670.71 earlier in the day.
|What is the Bellatrix Hard Fork: Ethereum's Last Upgrade Before the Merg...
Ethereum is on the precipice of transitioning to a Proof-of-Stake (PoS) consensus algorithm, and the Bellatrix hard fork is the last major upgrade before the actual Merge takes place.
Bellatrix is taking place today, September 6th, scheduled for epoch 144896 on the Beacon Chain. Here's everything you need to know about it.
The Merge is a 'two-step' process.
The first step is the Bellatrix hard fork triggered by an epoch height.
The second step is the Paris upgrade, triggered by the TTD threshold.
A Short Introduction
Before diving into the specifics of the Bellatrix upgrade, it's important to know its place in the overall roadmap toward the Merge.
As explained in our detailed guide on the Merge, this event is monumental in Ethereum's history and perhaps even in the entire industry as a whole. It marks the first-ever transition of a large-scale network from a Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS) and will drastically change issuance and operational specifics.
Even though the Merge will happen soon (barring unforeseen circumstances), it is the result of many years of research, development, and testing. It also happens following multiple upgrades that prepare the Ethereum network for it, and this is where Bellatrix comes into play.
What is the Bellatrix Hard Fork?
Bellatrix is the very last upgrade that Ethereum's Beacon Chain will go through before it merges with the mainnet later in September.
Presently, each Ethereum node is represented on two differen...
|Input-Output Global Devs Reveal Cardano's Vasil Hard Fork Is Scheduled f...
While The Merge is expected to take place in just over ten days' time, Cardano's hard fork called Vasil now has a scheduled date. The highly anticipated Cardano fork will take place on September 22, or roughly nine days after Ethereum transitions from proof-of-work (PoW) to proof-of-stake (PoS).Cardano Devs to Launch Vasil on Mainnet in 19 Days
Cardano's development team disclosed a hardened date for the upcoming Cardano (ADA) hard fork called Vasil, following Input-Output Global (IOG) founder Charles Hoskinson explaining it would happen in September during a live stream on Twitter last week.
On Twitter, IOG's official social media account told the public that the 'Vasil upgrade date [was] confirmed.' The developers noted that the codebase merge will follow 'successful completion [and] extensive testing of all core components.'
IOG further explained that the fork would be codified into the mainnet codebase on September 22. IOG continued by adding:
Vasil is the most significant Cardano upgrade to date, bringing increased network capacity and lower-cost transactions. The upgrade will also bring enhancements to Plutus to enable devs to create more powerful and efficient blockchain-based applications.
Cardano Founder Charles Hoskinson Says Vasil Is the 'Hardest Update We've Ever Had to Do as an Ecosystem'
IOG founder Charles Hoskinson also discussed the Vasil hard fork date in a live stream on Twitter called 'Vasil is Coming September 22nd, 2022.' The hard fork's name Vasil come...
|IOG Says Cardano Vasil Hard Fork Is Almost Here, But What Is ADA Doing?
With each passing day, Cardano inches closer to one of its most important upgrades yet, the Vasil Hard Fork. IOG, the developer behind the Cardano network, had outlined three important milestones that the network needed to reach for the hard fork to be triggered. With the first of the three metrics already met at this time, the upgrade is closer than it has ever been, as confirmed by the developer.
Nearing Cardano Hard Fork
When the developer had previously confirmed that there were no longer any bugs in the Vasil hard fork, it had moved towards fulfilling the requirements for the upgrade to be completed. The first of these requirements was that at least 75% of all SPOs had upgraded to the final node version. As of the time of this writing, the team confirmed that more than 80% of all mainnet blocks are now being produced by Vasil nodes.
Second of the metrics that needed to be hit was that the top 10 of the top DApps by TVL on the Cardano network will have updated to the Vasil-supported nodes. A Twitter announcement confirmed that more than 70% of DApps have now confirmed successful pre-production testing.
The last of the requirements was that at least 25 exchanges which represented about 80% of all ADA liquidity, will have upgraded to support the network post-hard fork. This is the last step that remains for the hard fork to be triggered.
ADA price dumps to $0.45 | Source: ADAUSD on TradingView.com
IOG confirmed that 2 crypto exchanges are fully ready for the hard fo...
|Ahead Of Vasil Hard Fork, Cardano Metaverse Project Cardalonia Shows Hug...
As the Cardano Blockchain prepares for the upcoming Vasil hard fork combinator which would be set to go live on the Cardano mainnet in few weeks.
The network upgrade would bring unique features like stable coins, greater scalability and throughput on the Cardano blockchain.
Cardalonia, The Next Big Metaverse Thing On Cardano?
$ADA, the Cardano native token has shown growth in the past few weeks, followed closely by Cardalonia, a metaverse play-to-earn project being developed on the Cardano Ecosystem.
The $LONIA token has similarly shown huge demand in the past weeks as the $LONIA token presale has been filled by over 70% with less than 5 days to the end of the presale.
Interested investors wanting to get on the presale and acquire $LONIA tokens at a discount before exchange listing can do so by clicking on the link below.
What Is Cardalonia? Cardalonia is a web3 Metaverse and play-to-earn platform that offers entire interaction with NFTs and CNTs, powered by the $LONIA utility token.
As a player in the Cardalonia metaverse, you have the opportunity to choose a clan, create collectibles as NFTs, set them into operations in your Cardalonia land, and create attractive scenes on the land so that other players can buy. As the metaverse is composed of clans, to experience Cardalonia and buy land to start making money, you need to join a clan Avatar.
Here are some of the things that make Cardano different from other metaverses:
|The Vasil Hard Fork: Will It Be a Turning Point for Cardano?
It's hard fork season. Major protocols are undergoing serious upgrades, and Cardano is no exception. The network is en route to an upgrade of its own. In fact, it's one of the most highly-anticipated hard forks, and it's designed to boost Cardano's scalability and overall usability.
With many users looking forward to the Vasil hard fork, it's worth looking into how this might impact ADA.
The Vasil Hard Fork Explained
To examine its potential impact, it's necessary to first break down the technicalities of the hard fork and what it stands to achieve. You can find everything you need to know about the Vasil hard fork in our detailed and designated article.
The upcoming upgrade is called Vasil - named after the Bulgarian mathematician Vasil Dabov - a prominent member of the Cardano community. It's part of the third development epoch of its roadmap and, together with another hard fork, will mark the transition to Basho - the fourth development epoch. It's aimed at improving the network's overall scalability and usability.
The plan is to introduce five major improvements to the network. The Cardano Improvement Proposals (CIP) are as follow:
CIP-31 aims to facilitate more access to information that's stored on the network without worrying about the overall churn associated with spending and recreating UTXOs.
CIP-32 aims to restore a situation where datums are attached to outputs in a conceptually straightforward manner.
CIP-33 aims to enable reference scripts t...
|Monero (XMR) Climbs Over 7% Before Weekend Hard Fork
Monero (XMR) price has surged by as much as 7% in a matter of 24 hours before network upgrade or hard fork on August 13.
XMR climbs by over 7% overnight before the weekend hard fork. Binance recently announced support for Monero’s hard fork or network upgrade. Crypto targets $200; then $217 next.
Historically, upgrades have always triggered a boost in XMR price.
The altcoin is seen to have soared by 65% since midway of June which signals a robust price movement. With consistent and continuous recovery of the crypto market, XMR price might even shoot above $200.
According to CoinMarketCap, XMR has soared by 1.28% or trading at $167.70 as of this writing.
The Monero Hard Fork
With this upgrade rescheduled a lot of times, everyone is excited that it’s finally here. Monero is set to perform a hard fork to boost network performance, speed, wallet syncing capability, privacy, security, and decrease volatility in prices.
Monero announced in a tweet that the network upgrade via a hard fork will transpire at block 2,688,888 on August 13. More so, the privacy protocol has also officially rolled out Ledger Monero App v1.8.0 as well as the CLI & GUI v0.18.1.0 “Fluorine Fermi.”
It is highly important for exchanges, merchants, services, and users to run the v0.18 prior to the launch of the network upgrade and also to ensure uninterrupted use of XMR blockchain.
The ring size of the crypto has also enlarged from 11 to 16 which aim to boost the privacy of tran...
|Monero Executes Hard Fork To Improve Security and Privacy Features
Monero, one of the most important privacy protocols in the ecosystem, executed a protocol update on August 13 to improve several privacy and security features offered by the network.
The hard fork was successfully performed on block 2,688,888, thanks to a collective effort of more than 70 developers, after almost 4 months since it was announced.
Monero Comes Stronger With Extensive Protocol Enhancements
The hard fork brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information such as key sets and data synchronization between wallets, as explained on their website.
'Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed. Instead of one Monero wallet creating, signing, and submitting transactions all on its own, you will have a whole group of wallets and collaboration between them to transact.'
In addition, the number of cosigners required to approve ring signatures was increased from 11 to 16. Ring signatures ensure that it is impossible to trace the origin of transactions on the network. One feature that has made Monero the most popular cryptocurrency among privacy enthusiasts.
In terms of security, the bulletproof algorithm was upgraded to bulletproof+, a zero-knowledge proof algorithm implemented in 2018 to reinforce the network's privacy, hiding the exact amounts of transactions and only showing the origin and destination of the transactions.
|Will New Tokens be Airdropped to ETH Holders After Ethereum's Hard Fork?
It’s safe to say that most of the crypto-related conversations are currently centered around the merging of Ethereum from proof-of-work (PoW) to proof-of-stake (PoS).
Known as “The Merge,” this event is a first of its kind, and it’s the most significant upgrade in Ethereum’s lifespan. We’ve prepared a designated guide, and if you want to know everything about it, you can check it here.
However, with something of this magnitude about to take place in about a month (barring any unforeseen circumstances), there are also a lot of questions that are worth looking into.
For example, some notable exchanges have announced support for the hard fork, and they’ve stated they would also support trading of the resulting tokens. This begs the question if users will be airdropped new tokens after the Merge, and that’s what we’re going to explore in this article.
To understand whether or not you’re going to receive some new tokens, there are a few important clarifications that have to be considered. Let’s unpack.
What Happens After The Merge?
As mentioned above, The Merge will mark the end of ETH mining. This is because of the new consensus algorithm - proof-of-stake - which has entirely different economic implications for the network.
With PoS, network validators no longer need to compete to solve increasingly complex computational problems. Instead, they are selected randomly based on the stake they have in the network.
|Cardano's Vasil Hard Fork Explained: What to Expect from the Major Upgra...
The Cardano network was supposed to undergo a network upgrade in the form of a hard fork in June this year, but the event was postponed on a few occasions and is yet to happen.
Called Vasil, the upgrade is named after the late Bulgarian mathematician - Vasil Dabov - who was also a prominent community member of Cardano.
Part of the third development epoch of Cardano, Vasil is a very important network upgrade that’s aimed at boosting the network’s usability and scalability. The following attempts to break down the Vasil hard fork and explain everything there is about the major milestone.
Vasil Hard Fork’s Cardano Improvement Proposals (CIP)
The upgrade is aimed at introducing five critical mechanisms designed to improve the performance of the Cardano blockchain.
CIP-31 (Reference Inputs)
With CIP-31, Cardano aims to introduce a new kind of input - as the name suggests, a reference input, which would allow looking at an output without actually spending it. The goal of this is to facilitate further access to information that’s stored on the network without having to worry about the churn associated with both spending and recreating UTXOs.
CIP-32 (Inline Datums)
This proposal aims to enable datums to be attached to outputs instead of being attach...
|Hard Fork: MultiDAG 2.0 to Arrive on COTI's Mainnet
COTI Network has announced that the protocol will undergo a hard fork, during which they will deploy MultiDAG 2.0 - the long-awaited update that will see the protocol transition to a multi-token layer.
According to the official release, COTI Network is to undergo a hard fork during which MultiDAG 2.0 will be deployed.
What's cited as 'the biggest leap in COTI's history' is intended to turn the protocol into a multi-token layer instead of a single currency infrastructure.
The MultiDAG 2.0 protocol is designed to allow for branded enterprise tokens to be generated and minted on top of COTI Network's Trustchain.
Speaking on the matter was Shahaf Bar-Geffen, CEO at COTI, who said:
CMD, the New Token Standard for COTI, represents the MultiDAG 2.0 launch and is the most significant milestone for COTI. By supporting issuance of tokens on top of our protocol, we are accomplishing our vision in becoming the enterprise layer 1. Years of hard work have culminated in this game-changing event and I can't wait to see more enterprises using COTI's technology.
Node operators are supposed to update their nodes by August 2nd, and the hard-fork testnet deployment of MultiDAG 2.0 will begin on this date.
The mainnet deployment is expected to happen in about a month later.
|Cardano (ADA) Price Remains Low Despite Buzz Around Vasil Hard Fork
Talk around the Cardano (ADA) Vasil hard fork has been circulating in the crypto space for the last month. The hard fork which was supposed to go live back in June had been rescheduled to July due to security issues but that has in no way reduced the enthusiasm around the hard fork. The new date was set for the end of July and as the day draws closer, the community has been buzzing with excitement. However, this has failed to translate to its price.
The Cardano Vasil Hard Fork
The growth of the Cardano network has made it a necessity for it to be upgraded and IOG, the developer behind Cardano, has not failed its community in this regard. The network with the most development going on, as it is being referred to, Cardano has seen an influx of developers looking to build on its platform. It will implement the CIP-33 mechanism that will lower the cost of transactions by reducing their size. This new “weight” will also make for faster transactions across the network.
Additionally, the Vasil upgrade will make it much easier for developers to adapt to the Cardano network. This newfound ability will no doubt pull more devs to the platform, which will further the growth of the network. It is even expected that the ease of use may trigger an influx of developers who have been working on other Layer 1 blockchains to move to Cardano.
ADA price declines to $0.42 | Source: ADAUSD on TradingView.com
These are the reasons why there is a lot of excitement in the community ...
|Cardano Vasil Hard Fork On The Horizon, Will ADA's Price React To ...
Cardano follows the general sentiment in the market and records a slight recovery during today’s trading session. Over the last 7 days, Cardano remains in the red with a 6% loss.
ADA's price trends to the downside on the 4-hour chart. Source: ADAUSDT Tradingview
The company behind Cardano’s development Input-Output Global (IOG) successfully forked the network’s testnet. An “important” step in the upcoming deployment of the Vasil upgrade on the mainnet.
The company called on to stakepool operators, exchange platforms, and other actors to “commence their final testing and integration processes”. One month from now, Cardano will launch Vasil on its mainnet and will complete one of its most important milestones for 2022.
According to IOG, Vasil will provide Cardano with “significant performance and capability upgrades”. The network will be able to increase its performance and throughput by providing developers with a “better experience”.
In addition, the network will become more interoperable and with new functionalities, such as an Ethereum Virtual Machine (EVM) that will facilitate the task of migrating an ERC20 token to Cardano. This could open the door for new decentralized applications (dApps) and protocols to be launched on the network. IOG said:
The Vasil upgrade is the most ambitious program of work we’ve undertaken. And the whole community is involved. Our prime concern is ensuring we manage this up...
|Cardano Vasil Hard Fork Postponed to Allow for More Testing
A The Input-Output Global (IOG) team has said it will postpone sending the Vasil hard fork update proposal because it still needs to solve seven outstanding bugs that are currently ranked as non-severe. While acknowledging that the news will likely be disappointing for some, the IOG team insisted it was 'taking an abundance of caution to ensure that we do this deployment correctly.'More Time Needed
The core Input-Output Global (IOG) team working to facilitate a Cardano Testnet upgrade announced recently that it had 'agreed' to delay sending the Vasil hard fork update proposal as previously stated. The team hinted that some seven outstanding bugs, none of which have been ranked as severe, necessitated the delay.
According to a June 20 blog post, the decision to postpone the hard fork followed the core team's end-of-the-week evaluation call. While noting that the team had managed to get through 95% of the Plutus V2 test scripts, the post said the core team still needed to run a few outstanding items to ensure everything is working as expected. The post added:
We have determined we'll need a few more days for this. This puts us behind schedule on our previously communicated target date of June 29 for a mainnet hard fork.
Meanwhile, in the blog post, the IOG team describes the work on the Vasil hard fork as the 'most complex program of development and integration' it has worked on to date, which has also required close coordination across the ecosystem.
Mainnet Upgrade Pushed Ba...
|Cardano Vasil Hard Fork Launch Date Set, Time To Buy The News?
The highly anticipated Vasil Hard Fork on the Cardano network has been rescheduled. The hard fork was expected to push forward work that had been done on the network over the last couple of years. Due to this, the news of the June 29th launch had sparked a lot of enthusiasm for the network and had seen the price of its native token, ADA, surge. Now, with the delay, investors have had to reassess their stance and strategy when it comes to Cardano.
When Is Vasil Hard Fork Launching? According to a blog post from IOG, the developer behind Cardano, the launch date for the Vasil Hard Fork had been moved back by another four weeks. Ethereum’s move to the consensus layer has been in the works for a while now and has been subject to many delays over this time. Cardano notes in the blog post that the reasons for the delay have been the bugs that have been found to date. In particular, there are seven bugs that the developers are working to figure out. Although none of them are particularly ‘severe’.
ADA price declines to $0.49 | Source: ADAUSD on TradingView.com
The post also notes that the developer is 95% done with the Plutus V2 test scripts. Adding that the Vasil hard fork had been the most complex development and integration on the network to date and as such, has been a challenging process.
Time To Buy Cardano? Like with anything, an important upgrade such as the Vasil Hard Fork can carry various implications for the price of the digital assets themselves. This...
|Will The Vasil Hard Fork Trigger A Cardano (ADA) Bull Run?
Cardano has been looking towards its most recent hard fork titled the Vasil Hard Fork. This will improve not only the network efficiency but is said to make the network more developer-friendly as a whole. The countdown to the hard fork has been a source of hope for many. Given that the price of Cardano’s native cryptocurrency ADA has been struggling so hard, the hope is that the launch of the hard fork will give it a nudge towards recovery.
Why Is Vasil Hard Fork Important? For a network like Cardano which is seeing rapid growth, it becomes imperative for the network to run even better than it already does. This includes better network speed and of course, higher throughput and scalability to handle all of the activity.
With more than 1,000 projects being developed on the network, Cardano is also looking to make the network more developer-friendly. It is currently running on the Cardano testnet, improving the efficiency of smart contracts. After the June 29th launch, smart contracts on the Cardano network will be cheaper and faster in terms of their functioning.
ADA downtrend continues | Source: ADAUSD on TradingView.com
Vasil follows the most significant hard fork yet on the Cardano network; the Alonzo hard fork. Alonzo had brought smart contract capabilities to the network. However, Vasil will build and improve on this foundation to make it a more efficient network.
Cardano (ADA) On The Charts
The price movements of Cardano (ADA) over the last six months have been br...
|Why Bitcoin May Have Hard Time Breaking Through $32K Barrier
Bitcoin maintains its crab-like price action as it continues to move sideways in lower and higher timeframes. Before it retested these lows, Bitcoin was rejected above $32,000 and appeared to be heading to the mid-area of its current levels.
BTC moving sideways on the 4-hour chart. Source: BTCUSD Tradingview
The first crypto by market cap could react to the downside price action on traditional finances. As NewsBTC has been reporting, Bitcoin presents a high correlation with the S&P 500 and particularly higher with the Nasdaq 100 Index.
The latter was rejected at a critical level and is trending to the downside since the start of 2022. This reaction was generated by the U.S. Federal Reserve (FED) and the start of their Quantitative Tightening (QT) program.
Opposite to the Quantitative Easing (QE), when the FED buys assets and its balance sheet increases, QT will make the financial institution sell $1.1 million of assets in global markets every minute, according to an analysis by CoinBeast Media.
As a consequence, global markets, including the crypto industry, could experience more downside pressure. QT might not directly impact the industry, but it will play a key role in global liquidity, and investors’ risk tolerance, and will contribute to the conditions that could prevent Bitcoin from reclaiming new highs.
The FED has over $8.5 trillion in assets on its balance sheet. As CoinBeast explained, the last time the FED began its QT the financial institution sold less than...
|Cardano Spikes as Supporters Anticipate Vasil Hard Fork, Poll Shows ADA ...
During the last seven days, the cryptocurrency cardano has increased in value by 17.3% against the U.S. dollar, as the community anticipates the upcoming Vasil hard fork, an upgrade that aims to improve the network's throughput and enhance smart contract capabilities. Moreover, according to a poll involving 24,468 crypto enthusiasts, cardano is predicted to reach $1 in value by the end of this month. Cardano's Slow and Steady Development Seems to Be Paying Off
The digital currency cardano (ADA) has been performing a lot better than most digital currencies in terms of market gains. For instance, while bitcoin (BTC) increase in value by 6.5% during the last week, ADA jumped in value by 17.3%. Cardano's rise follows the recent Terra LUNA and UST fallout, and the digital currency has managed to capture the sixth position out of today's top crypto market capitalizations.
ADA has had a 24-hour price range of around $0.599 to $0.657 per unit and there's been $1.66 billion in ADA trade volume worldwide on Wednesday. Cardano has been one of the top smart contract tokens that's been able to dodge a decent amount of the market carnage stemming from the Terra blockchain fiasco. The Input-Output Global (IOG) CEO and inventor of Cardano, Charles Hoskinson, seems to be sticking to the well-known proverb: 'slow and steady wins the race.'
Hoskinson and ADA have been criticized for being slow to the ball when it comes to specific features like smart contracts and decentralized finance (defi) a...