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Charles Hoskinson took to X to flag the increasing misinformation, stating that the Cardano stake offering is not locked, negating the rumor claims.
Key Notes
Cardano is looking to move beyond software into hardware design.This reiterates the fundamental diversity the blockchain has always boasted of.Cardano price is in a good place despite recent backlash.Cardano ADA $0.36 24h volatility: 6.2% Market cap: $12.78 B Vol. 24h: $375.20 M is constantly pushing the boundaries of blockchain technology. According to the protocol’s founder, Charles Hoskinson, its focus is now on Quantum Money and One-shot signatures. Speaking to Tokyo Institute of Technology students, Hoskinson hinted at the possibility of delving into hardware production.
Cardano to Explore One-shot Signatures
The potential product will be a hybrid device with quantum-like effects that can connect to classical authentication. The device does not necessarily need a connection to the Internet but a one-shot signature. The Cardano boss noted that this one-shot signature was created in partnership with Princeton University.
For context, the concept is that any secret key can be used to sign only a single message and then self-destruct. This is achieved via quantum no-cloning and then applied to hybrid quantum/classical cryptographic tasks.
To achieve its latest feat, Hoskinson announced that Cardano would work alongside some of the top tertiary institutions, including Tokyo Tech, which he called a world leader in quantum computing research. Stake with Pride on X noted this would be a useful cash system for the “unconnected unbanked” population.
This may mark a significant achievement for the ADA coin, which is currently trading at $0.3596, atop a 7.14% increase. At this level, it is obvious that the crypto asset is doing better than expected, especially after the recent backlash. There has been some misinformation about its liquid staking from top commentators in the industry.
Charles Hoskinson took to X to flag the increasing misinformation, stating that the Cardano stake offering is not locked, negating the rumor claims. The allegations equally drew the attention of many Cardano community members who strongly believe the talks are baseless and largely targeted at damaging the project’s reputation.
Cardano Stake Pool Operator (SPO) Stake With Pride also pointed out the irony of the accusation, He highlighted that Cardano is the only top 20 crypto project offering native liquid staking. This further attenuated the fact that ADA coins are never locked in staking.
In addition, Cardano does not require Liquid Staking Derivatives (LSDs) or Liquid Staking Tokens (LSTs).
Emergence of the Voltaire Era
Meanwhile, Cardano has transitioned to the Voltaire Era by implementing the Chang Hard Fork upgrade.
With this upgrade, Cardano as a blockchain has shifted from a centralized governance model to a decentralized system. This has effectively given ADA holders direct influence over protocol changes. Most of these developments are expected to bring a breakout to ADA price.
The current price level is a major improvement from its previous level. A week ago, the ADA price action’s Relative Strength Index (RSI) read 38.15. This largely confirms that the sellers are currently dominating the market. The latest price trends suggest that lower prices might follow in the short term.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
