Surging prices, anticipation, and steady coin interest round out today’s headlines.
Cardano Outperforms, ADA/USD Price Rallies 250%
The ADA/USD price is one of the top performers in the top 10. Firm, flipping other equally potent crypto projects, Cardano’s tailwinds follow the activation of Mary.
Being the second of the three hard fork combinators that will eventually enable Goguen and smart contracting, the ADA price is trading at around its all-time high, adding over 250 percent in the last month of trading.
Mary introduces native multi-asset functionality in a scalable platform crucially ahead of DeFi and tokenization.
Additional data from Messari shows that Cardano is one of the most active platforms after titans like Ethereum and Bitcoin. At the same time, more retailers make inquiries, willing to learn more about the project, pointing to more awareness.
67% of Ethereum Hash Rate (miners) oppose EIP-1559
As expected, most Ethereum miners, measured by hash rate contributed, reject the content of the EIP-1559.
Up-to 67 percent are opposed to the idea of burning ETH and offering tips to miners as an incentive to prioritize some transactions.
Contentious, the proposal, nonetheless, aims to correct the current skew where network users are overpaying for platform security by gifting miners, allowing them to be in charge of proceedings. With a network utilization rate of over 96 percent, it is competitive for users to move value.
Accordingly, they have to pay higher Gas since the current auctioning system only favors users who pay higher transaction fees. On Mar 3, the average transaction fees in Ethereum stood at $11.
Still, Ethereum code developers will discuss the proposals on Mar 5.
IOTA Oracles Will Service More Blockchains Following Horizen Partnership
Horizen—a platform that enables individuals or businesses to create their private or public blockchains, partnered with IOTA—a DLT protocol that leverages a blockless architecture for infinite scalability powering the internet-of-things, for more blockchains to access IOTA oracles.
Through Horizen systems, approved third-party data will be channeled through IOTA oracles to other blockchains.
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