Charles Hoskinson, founder of Cardano, clarified that the 1,096 Bitcoin linked to Cardano's early ADA crowdsale were used to pay auditors who reviewed the fundraising process in 2016. The audit, requested by then-Cardano Foundation chairman Michael Parsons, aimed to verify the integrity of the token sale which raised about $62 million mainly from Japanese investors. Hoskinson estimated the BTC payment was worth around $400,000 at the time and was split among three auditors. Despite this explanation, controversy remains due to the current value of the Bitcoin being around $70 million, and calls for more documentation continue as questions about the allocation of funds persist.
Cardano has introduced native support for BLS12-381 elliptic curve cryptography in its Plutus smart contracts, enabling the verification of thousands of signatures on-chain at a low and predictable cost. This technology compresses multiple signatures...
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cardano wallets holding between 100,000 and 100 million ADA have increased their holdings to over 25.6 billion coins, the highest since early 2023. This accumulation happened over four months while ADA traded near multi-year lows, indicating large in...
Cardano has ratified the van Rossem hard fork, scheduled for July 18, marking the first upgrade fully driven by its decentralized on-chain governance. This upgrade advances Cardano to Protocol Version 11, introducing cheaper smart contract execution ...
