By Shelly Melancon (Switzerland)
Since its inception, the Cardano network has been expanding. The blockchain has recently been integrated into the popular crypto wallet, Trust Wallet.
The non-custodial crypto Wallet currently has over 3 million crypto assets with over 50 million users. With the latest integration, the users can now send and receive ADA on Trust Wallet.
Users Of Trust Wallet Can Now Send And Receive ADA
On July 19th, Trust Wallet had announced the upgrade on its website. According to the post, the company considers Cardano as a promising ecosystem in the crypto sector.
Furthermore, Trust Wallet believes the integration is an added advantage for its users. The integration would provide an opportunity for its community that wants to transact ADA.
Additionally, some benefits of the integration include the ability to buy ADA on the app and the ability to send, receive, and store ADA and other Cardano-based tokens. Also, the app will have a chart for users to track ADA’s performance.
Therefore, the Trust Wallet has asked its userbase to update its app to enjoy the latest features. On Twitter, Cardano and Trust Wallet supporters have received the news well.
Cardano uses a proof-of-stake consensus mechanism. Charles Hoskinson, Ethereum’s co-founder, founded the blockchain in 2017.
ADA is the native token of the Cardano ecosystem. Meanwhile, the Cardano community is looking forward to the Vasil Hard Fork, which would improve the blockchain’s capability.
Upcoming Cardano Vasil Upgrade
According to the team, they developed the blockchain to improve interoperability and scalability on current crypto platforms.
Moreover, since its inception, the Cardano network has grown tremendously. It is among the largest blockchain in the cryptocurrency industry, housing around 1,000 projects.
Meanwhile, the native token, ADA, has witnessed a price increase and trades around $0.53. Analysts predict the currency will trade above $1 before the end of 2022.
According to CoinMarketCap, the crypto has a market capitalization of over $17.6B. Also, ADA is the seventh largest crypto surpassing Solana and Dogecoin, who are in ninth and tenth position, respectively.
However, the team behind the Cardano blockchain wishes to improve it more. According to reports, the Vasil Hard Fork will hold by month-end.
This is an upgrade to the network’s blockchain, which has great benefits. One of them is that it would improve the performance of the network.
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