Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Hoax or provocation? Although Keiser backed up his allegations with market an area or arena, online or offline, in which commercial dealings are conducted. data, many did not seem to like the point. The question remains as to whether Charles Hoskinson, the main figure behind Cardano, will give some kind of answer to the maximalist Bitcoin.
Controversial journalist, investor, and enthusiast of the Bitcoin, Max Keiser, hinted that the next cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. that could follow in the footsteps of LUNA and see a crashing fall could be ADA de Cardano.
Will ADA be the next LUNA?
This was stated by Keiser in a message published on his Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ yesterday, in which he shared a graph showing the commercial evolution of the ADA token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. in the midst of the fall that has shaken the market in general, so he asked the following question referring to Cardano:
“The next MOON?”
The next LUNA? pic.twitter.com/gtwqX4TVde
– Max???????????? ???????? (@maxkeiser) May 11, 2022
The tweet received more than 200 replies, most of which were somewhat disapproving of Keiser’s proposed idea, as they referred to the general effect the crypto market was experiencing, and so Cardano would not be the only one to be affected to such an extent.
The fall also took its toll on Cardano
While the comparison made by Keiser may not have gone down well with many fans and followers of Cardano, the truth is that one of the currencies that has been significantly affected by the market trend is the token ADA, which at the time of writing is trading at around USD $0.47 per unit, capitalizing on losses of 8.3% in the last 24 hours and 39.7% over the last seven days.
But the spotlight is especially on MOON, the native cryptocurrency in the ecosystem of Earth, which after the drawbacks associated with its stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. UST lost more than 97% of its price in the last 24 hours, going from the already low USD $1.41 per unit to a record low of USD $0.01 during the course of the day.
However, this abrupt drop in the price of LUNA is already mainly associated with the suspension of operations of its network. Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. after threats of a 51% attack. This move was a lapidary one for the Earth, which hours earlier had presented a plan to rescue its native token and the stablecoin UST.
- Terra announces new emergency measures to rescue LUNA and UST
- Terra’s Blockchain halts to avoid a governance in the world of cryptocurrencies, governance is defined as the people or organizations that have decision-making powers regarding the project. attack, LUNA drops 99%.
But back to Cardano, the characteristics of its native token and its ecosystem point to a model mainly based on the decentralization the handover of control from a central authority to several different custodians. of operations. This has been reiterated by the CEO of IOHK/IOG and lead developer of the project, Charles Hoskinson, who in recent days also made fun of what happened with Earth and reiterated that the ecosystem he represents would be shielded against such threats, precisely because of the strength of the project and the technological advances on which they continue to work.
¿Habrá respuesta de Hoskinson?
Perhaps the question on many people’s minds is whether or not Keiser’s direct Cardano will result in a response from Hoskinson, who has shown in recent statements to be somewhat scathing when it comes to defending the reputation of the project he heads.
Faced with the inconveniences it is going through Earth, Hoskinson took the opportunity to respond to his main man, Do Kwon, by way of retaliation for a comment he had made to him a while back when ADA was not particularly favoured by the market:
Should I buy some Luna for negative correlation? https://t.co/iFeHJTSudM
– Charles Hoskinson (@IOHK_Charles) May 10, 2022
Let’s keep in mind that Hoskinson did not stop there, and also took the opportunity to respond to a tweet addressed to billionaire investor Mike Novogratz, message in which he showed a message with his moon a situation where there is a continuous upward movement in the price of a cryptocurrency. Often used in communities to question when a cryptocurrency will experience such a phenomenon, saying “When moon?” It is usually combined with “When Lambo?” tattoo, and in which he wrote the following:
“I’ve always wondered why investors and crypto media love certain altcoins and hate Cardano. I really don’t get it.”
I’m always wondering why the VCs and cryptomedia love certain alts and hate on Cardano. Just can’t figure it out….. https://t.co/zAfHQYrAFN
– Charles Hoskinson (@IOHK_Charles) May 10, 2022
- Charles Hoskinson joked about what happened with Terra and reiterates the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. nature of Cardano’s treasury
- Terra founder Do Kwon announces plan to save UST as LUNA slips 90%.
- Binance briefly suspended Terra token withdrawals amid UST collapse
Source: Zycrypto , Twitter
Version by Angel Di Matteo / DiarioBitcoin
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