logo

Cardano (ADA) sets a new milestone reaching over 20 million transactions

Cardano

TL;DR Breakdown: 

  • Cardano has surpassed 20 million transactions. 
  • The blockchain network hasn’t suffered a downtime for 1522 days. 
  • The network will continue to take a slow and safety-first approach in introducing new updates and features. 

The major public blockchain platform Cardano has recorded over 20 million transactions in a stretch, without a single period of downtime. This is a rare and tremendous achievement for any PoS blockchain network. 

Network outage has been a significant issue for blockchain networks recently. In the last couple of months, major blockchain networks like Solana and Arbitrum went offline for almost 24 hours. Even the Ethereum network suffered an unexpected split back in September. However, Cardano has been up and running for over 4 years (1522 days) without a single day or hour of downtime. 

Cardano

Cardano will continue to prioritize security and privacy

Over the years, Cardano has been criticized for releasing late updates and taking too much time to bring new features. The blockchain network integrated the smart contracts feature only recently in September, while its competitors like Ethereum and Binance has been using smart contracts for years now. 

However, the network’s co-founder Charles Hoskinson has emphasized that Cardano will continue to take its time before implementing any new features or upgrades. The company is focused on its user’s security and privacy, which Hoskinson believes to be the key to increasing the adoption of ADA. In a recent AMA session on Twitter, he also mentioned that the ultimate security and privacy upgrade to the Cardano network will come in early 2022. 

What does it mean for ADA? 

ADA, the native token of Cardano has suffered a bearish pull since last week, just like most of the major cryptocurrencies in the market. The altcoin is down over 15% in the last 2 weeks, as the entire market suffers from major sell-offs and the backlash of Joe Biden’s new crypto regulations

However, the new 20 million transaction milestone will most likely bring more confidence into the market. Cryptopolitan analysts predict that ADA’s bearish trend might seize within the next 24 hours, as bulls try to break over the $1.90 resistance level. 

Mohammad Shahid

Mohammad Shahid

An IT and Cybersecurity graduate with specialized knowledge of cryptocurrency and blockchain, Mohammad joins the Repo elite team. He has worked on several blockchain development projects and is an enthusiastic crypto trader.

Related News

Hot Stories

Bitcoin, Ethereum, Monero, and Algorand Daily Price Analyses – 10 August Roundup
Cardano price analysis: ADA tests $0.51 support with potential to rise up to $0.67
Dogecoin price analysis: DOGE swiftly retraces to $0.067, on its way higher? 
Ethereum price analysis: ETH retests $1,680, swiftly spikes above $1,800
ChainLink price analysis: LINK spikes to $9.2 after strong bullish trend

Follow Us

Industry News

Coinbase records $1 billion loss in Q2
Curve Finance hacked and $570K stolen
What happens to $ETH after the merge on 19 September?
Cleanspark acquires BTC mining facility with 86 MW capacity
BitMEX executive pleads guilty in court