Yield App, a thriving digital wealth platform, recently unveiled its hotly anticipated Referral Program and it was worth the wait. With up to 1,000 $YLD (more than $200 at the current price) available for both the referrer and the new customers being referred, it is easily one of the most lucrative referral programs in the […]
A lot of people have purchased NFTs in the last year or so. Hell, I've purchased some NFTs myself! That being said, I think we all agree that 99% of the NFTs currently on the market are 100% worthless with one or two exceptions. I firmly believe that we are currently in a bull…
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One of the best performer assets in the crypto top 10 by market cap, Cardano (ADA) keeps strengthening its ecosystem. As the network prepares for its next major Hard Fork Combinator (HFC) event, called Vasil, its DeFi sector could add some of the most popular assets in the space. Related Reading | Majority Of Cardano (ADA) Holders In Loss As Price Slides To $1 At the time of writing, ADA’s price trades at $0.95 with a 2% profit in the last 24-hours. Cardano could soon have native support for Tether (USDT), and USD Coin (USDC). Charles Hoskinson, this network’s inventor, and CEO at Input Output Global (IOG), shared his enthusiasm for WingRiders. Wingriders is one of the most exciting DEXes to launch on Cardano and now they are bringing stablecoins! https://t.co/Rpsl9znhyl — Charles Hoskinson (@IOHK_Charles) April 12, 2022 A decentralized exchange running on Cardano, WingRiders partnered with another two projects called Flint Wallet and Milkomeda, created to provide sidechains with friendly user and developer UX, to launch these stablecoins on the mainnet. According to a Medium post, Milkomeda will implement the Ethereum Virtual Machine on their Cardano sidechain. This sidechain will operate with a synthetic version of ADA called wrapped ADA (wADA). In practice, this will allow users to leverage the Milkomeda sidechain and wADA to connect with Ethereum, as seen in the diagram below. This will remove friction from the process of trading ERC-20 tokens with native Cardano tokens. WingRiders said: Milkomeda itself is an EVM based side chain of Cardano — supporting the ERC20 tokens stored for the user (for example on their Flint wallet or again using Metamask). A gateway will lock these ERC-20 tokens then issue Cardano native equivalents of these tokens on to the Cardano blockchain. This can be done via the Flint wallet. Bitcoin And Ethereum To Integrate With Cardano (ADA)? As WingRiders explained, the tokens on one side of the two chains will enter a smart contract to be “locked” as the synthetic versions are minted on the other side. In the case of the stablecoins, these digital assets will be “pre-mined” before the user request them and they will be “locked on the Cardano mainnet”. In that way, users can benefit from a “simple” way to transact on this network. Stablecoin is some of the most important digital assets because it can operate as a “liquidity accelerator” and onboard new users, fresh capital, and new assets, such as Bitcoin and Ethereum, to the ecosystem. However, bridges have become objects of attack by bad actors. Some of the biggest DeFi hacks in recent times have occurred on these platforms. Therefore, the potential for this partnership and ADA’s performance seems great, but not without potential tradeoffs. Related Reading | Here’s Why ADA Could Replicate Ethereum’s 2017 bullish break-out The inventor of Cardano trusts the team behind the initiative. According to Hoskinson, IOG has been working with WingRiders for “years” on multiple projects. The inventor of Cardano said: We’ve worked with the team for years. They are the ones who did the ledger integration for cardano and also adalite. I like and respect their engineers. They also caught the bug in Minswap and did a responsible disclosure saving the DApp from hackers. Good people get callouts.
Billionaire and Bitcoin advocate, Ricardo Salinas,
Hi! My curiosity is simple, after I talked with a few people, I found out that some of them invest without researching the crypto project. When I heard this the first time, I was kinda shocked by their stupidity (not the best word) of them, but after talking with more individuals, I can conclude that…
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Among all of these projects, marketplaces, and NFT collections, I've always wondered how it's possible to find some NFT initiatives early, before a lot of other people. Investing in a poor project might cost you a lot of money. While chance plays a part, consider the huge benefits gained by early adopters of successful ventures…
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Here's my reasoning, please share your thoughtful responses and perspectives. I'm trying to find a reason why not to hedge against the dollar. So I've been wondering if in the event of economic downturn if crypto will boom since it's not tied to the US dollar and countries around the world are supporting crypto? What…
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On Thursday, Uniswap Labs, the company behind the popular decentralized finance (defi) protocol, Uniswap, launched a tool called the Swap Widget. Essentially, the widget allows developers and decentralized app (dapp) operators to embed the Uniswap decentralized exchange (dex) app with “one line of code.” Software Engineers Can Now Embed Uniswap Swapping Functionality Into Web3 Dapps […]
Even though mobile Android users have been able to access the browser for the past few months, over a billion Apple users can now download it via the App Store.
Like it or hate it, this statement is true. Ethereum did A LOT of hard work establishing itself as the first and best multi-use chain on the market and cemented its reputation as one of the safest chains out there. However, becoming the best in one thing, and maintaining that status is another. And so…
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