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- Cardano ADA staking addresses have surpassed the 650,000 mark and 2,647 active staking mining pools.
- Total staked funds are worth $30 billion, roughly representing 71.27% of ADA’s total supply.
- Charles Hoskinson, the founder of Cardano and the CEO of IOHK, has revealed his plan to introduce Cardano to the people of El Salvador.
Cardano, the fifth-largest cryptocurrency, has reached the milestone of over 650K staking addresses. In the past three weeks, Cardano has seen an addition of 50,000 new staking addresses to its database.According to the data provided by Pooltool, Cardano ADA staking addresses have surpassed the 650,000 mark and 2,647 active staking mining pools. Total staked funds are worth $30 billion, roughly representing 71.27% of ADA’s total supply. Moreover, the number of addresses over the past few weeks saw a spike of 8%. On June 3, Cardano crossed the milestone of 600,000 active opt-in addresses for the very first time.
Cardano Will Release a Smart Contract Upgrade Called ‘Goguen’
Cardano is on the verge of releasing its smart contract integration era, which is called the Goguen. CTO of Cardano, Romain Pellerin, says that they have already undergone two hard forks in December (Allegra) and February (Mary) to support the trade of the NFTs and native tokens. The intelligent contract support that is supposed to be launched this summer will allow developers to deploy smart contracts on the Cardano blockchain. To prevent risky chain splits, Cardano had used the hard fork Combinator. According to him, it is a mechanism that looks dynamically at the events of the system.
Cardano CEO Plans on Visiting El Salvador Soon
As of now, the Cardano network has a total of 608,391 wallets with 2,561 active pools. Moreover, Charles Hoskinson, the founder of Cardano and the CEO of IOHK, has revealed his plan to introduce Cardano to the people of El Salvador. A few days ago, the president of El Salvador declared bitcoin as a legal tender in a tweet. Furthermore, Bukele announced that a supermajority has approved Bitcoin Law in the Salvadoran Congress and that his proposal received 62 out of 84 votes. The historic move influenced many other leaders in the crypto space to be a part of this landmark event.
Cardano has certainly not lagged in this respect. Hoskinson announced that their team had approached several El Salvador authorities and political parties in a live broadcast. He hopes that they will visit the country soon and he will get an opportunity to introduce Cardano to the Salvadorans. Months ago, the IOHK CEO had confirmed that the development team is building NFT Marketplaces, oracles, DEXes, stablecoin offerings. However, the rollout of these facilities is still on hold and will be kept on hold until the Alonzo stage rolls out.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
