What Role Does Proof-of-Stake Play In The Blockchain Ecosystem?

The Proof-of-Stake (PoS) consensus mechanism has emerged as the most plausible answer to the energy challenge that Bitcoin and Ethereum face. The world’s two most popular blockchains have long been chastised for their massive energy consumption, with one recent analysis by MoneySuperMarket in the United Kingdom predicting that each Bitcoin transaction costs more than $100 in energy expenditures.

Cardano (ADA) is expected to reach $58 by 2030, according to a survey.

Cardano (ADA) is now trading at $0.992, a 2.73% drop from Friday’s value of $1.021. The cryptocurrency’s price has been on a declining trend since the start of February. Within the next 24 hours of trading, ADA is expected to trade at a low of $0.989 and a high of $1.04. It has a 24-hour trading volume of USD 1,415,938,600, with a market cap lower than previous weeks. Cardano’s price may retrace by 23.6% on its first level, according to the Fibonacci Retracements level. The FR level indicates where support and resistance are likely to integrate. In the medium term, the support level for ADA is at $0.823, although this level isn’t very stable.  If the price rises from this level, it will reach $0.98, its previous high, and then heighten towards $2. Cardano (ADA) Seen Reaching $58 Cardano’s future appears to have great hopes of further trading and an increase in stock prices. Its volatility is also expected to reap bountiful harvests as investments in its tokens become more mainstream. In its most recent panel survey, Finder — a comparison website and money app — investigated the case of Cardano and its price potential. Related Reading | New Cardano Milestone Might Be The Push It Needs To Scale $1.50 According to the researchers consulted, the price of Cardano will touch $58 by 2030. The group also forecasted that the smart contracts-enabled, peer-evaluated currency will end the year at $2.72. Its price could be headed in that direction as soon as investors build some upward momentum, with the current trend offering a buying opportunity. ADA total market cap at $32.88 billion in the daily chart | Source: New System Updates  Cardano has updated its message and system node activity throughout this week during wallet synchronization to include more information. They also improved the…

On March 7-10, 2022, MetaWeek will be held in Dubai.

metaweek to take place in dubai on march 7 10 2022 shaping the future trends for metaverses and blockchain

Investors, NFT artists, blockchain brightest minds, DeFi experts and DAO representatives will converge to UAE for a week-long event with a full-scale trailblazing digital and physical networking experience. Community leaders will discuss what will define development of blockchain space and the upcoming realm of Metaverses. (Read More) …

Sandbox announces the Metaverse Accelerator Program, which will award $50 million to 100 startups.

sandbox launches metaverse accelerator program offering 50m for 100 startups

Virtual Metaverse gaming platform Sandbox has launched the Metaverse accelerator program, which will provide 100 startups with $50 million in start-up capital to promote the development of the Metaverse. (Read More) Source

In APAC, the Asian Development Bank (ADB) has launched a blockchain project to facilitate cross-border securities transactions.

adb launches blockchain project for cross border securities transactions in apac

Asian Development Bank (ADB) is going to initiate a blockchain-powered project to connect securities depositories and central banks in the APAC region. (Read More) Source

Reuters reports that Dock intends to use cryptocurrency for international money transfers.

dock plans to use cryptos for international money transfers reuters

Brazilian financial services platform Dock offers solutions for the entire ecosystem of digital payments and banking. It plans to utilise crypto for international remittances, expanding markets in the Latin American and European regions. (Read More) Source

Opera’s new launch Web3 Crypto Broswer Is All Set For Your Device

Opera, the famous email browser, has introduced a beta version of its web3 crypto browser. The new beta version is more than just your average internet surfer. Along with features such as a built-in cryptocurrency wallet and shortcut for quickly switching between different crypto exchanges. They have also added decentralized apps support. Web3 crypto Browser … Read moreOpera’s new launch Web3 Crypto Broswer Is All Set For Your Device