Cardano (ADA) Rockets above $0.80, Binance Smart Chain (BSC) Flips Ethereum
Cardano network describes itself as a next-gen smart contracting platform led by peer-reviewed research.
Developers working on the project are meticulous,
Surging prices, anticipation, and steady coin interest round out today’s headlines.
Singularity Net to Mint Tokens on Cardano
The Cardano network describes itself as a next-gen smart contracting platform led by peer-reviewed research.
Developers working on the project are meticulous, taking their time before launching any product. Under the guidance of Charles Hoskinson, the head of IOHK—the development wing of Cardano, the project has registered success.
With their enabling of digital assets minting this month, the ADA price is one of the top performers, rallying to over $0.85. For perspective, ADA is now back to the top five, racing to fourth in the market cap leaderboard ahead of XRP.
Ahead of this launch, Singularity Net—a blockchain-based decentralized marketplace for artificial intelligence algorithms, will be the first project to create tokens on the Cardano platform. According to IOHK, Singularity Net will mint one billion tokens.
Binance Smart Chain Processes More Transactions that Ethereum
As the smart contracting race tightens, the Binance Smart Chain (BSC) surpassed Ethereum to process over 1.65 million transactions on Feb 9.
Accompanying this major feat for the platform was the surge of the BNB price. The incentivizing coin used to pay transaction fees in the BSC, temporarily rose to over $141, pushing its valuation ahead of Polkadot in the Top 10.
As BSC became the most active network, the average Gas fees in Ethereum rose to over $25. This is a development that seems to be forcing projects to alternative low fee environments.
Changpeng Zhao (CZ), the CEO of Binance, has assured network users that despite rising BNB prices, Gas fees will remain low. Meanwhile, according to CZ, the BSC managed to generate slightly more than $300k in fees on Feb 9.
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