In just three weeks, 50,000 new staking addresses were added to the Cardano project

According to the data aggregation platform Pool tool, the project led by Charles Hoskinson has just added more than 50,000 new staking addresses, increasing the total number of addresses by more than 8% in less than a month.

Source: pool tool

The market is focused on Cardano

Cardano’s total staking wallets grew from 2,561 active pools in early June to 608,391, another important milestone for the platform. However, just three weeks later, the platform has confirmed a total of 658,965 staking addresses so far.

Recently, this proof-of-stake blockchain platform has been at the forefront of many new developments, with Cardano founder Charles Hoskinson announcing that the project plans to publish a research paper on algorithmic stablecoins calculations in the coming weeks.

Hoskinson’s announcement adds to Cardano’s growing popularity – fueled by improvements and wide community adoption. In addition, the ADA price has tremendous growth in 2021 as well.

As Cointelegraph reported, the Cardano team began researching the feasibility of “stable fees” with the basic idea of ​​providing a base price for transactions.

Although it’s too early to make any predictions, according to Charles, Cardano has contacted authorities and political parties in El Salvador to discuss the possibility of establishing a relationship between the project and this Central American country.

Charles further explains:

“You have certainly expressed an interest in digitizing the country and not just legalizing Bitcoin. Therefore we have to understand this decision better in the next 2-4 weeks. “

If these conversations are recorded it will be a big deal for Cardano and the ecosystem.

in a meeting interview Recently, Charles explained with renowned AI researcher and YouTube podcaster developer Lex Fridman that the Dogecoin coin meme needs to be thoroughly re-encoded for long-term development. However, the Ethereum co-founder also expressed his openness to working with Dogecoin with Cardano in the future.

Currently, ADA and the cryptocurrency market are in a strong downtrend towards the end of the week. At the time of writing, ADA is trading at $ 1.23, down 5% over the past 24 hours.

Source: TradingView

This open source project is growing rapidly despite the severe correction in the cryptocurrency market. With so much in preparation for the future, time will tell whether the number of people committed to ADA will continue to grow at such a rate. Let’s wait!

Veronica

According to Finbold

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