After long months of waiting, Cardano finally arrives on Ledger Live. Despite the collapse of the markets, the seventh largest crypto continues its path to glory. This integration seems to be a giant step for the protocol, but not only! Since many users approve of the project and seem eager to test the new feature.
Cardano (ADA) on Ledger Live, a step forward for the protocol
The fall of the financial markets is a big blow for all cryptos. From the largest to the smallest, all are suffering the pangs of the sector. However, the solution during difficult times is not to mope, but rather to look for ways to grow. Staying in business in a competitive industry like crypto is a daily challenge. Indeed, there are so many cryptocurrencies that it becomes complicated to follow them all.
With this resolution, Cardano (ADA) is pushing forward and tending to expand. At the beginning of June, it jumped 15% and achieved the best performance. Moreover, it attracts the sympathy of investors since Grayscale has reinforced its allocation on this protocol. Although interesting, it would seem that these performances are less expected than the integration of Cardano with Ledger Live.
Back in April, the cryptocurrency hardware wallet provider announced support for version 4.0.0 of the Cardano app. And that was it! However, the support team announced another piece of news that did not leave the ADA community unmoved. Indeed, the latter said that Ledger was working on a possible full support for Cardano.
Although the project seemed to drag on, community members did not lose hope. After several months of waiting, Ledger has finally make the announcement long awaited. In a recent tweet, he announced the arrival of Cardano on Ledger Live. With this integration, users now have the ability to buy, send, receive, and manage ADA right on the app. With this addition, Ledger Live increases its bank of cryptocurrencies. This is because the app supports the top 10 cryptos by market capitalization.
Cardano, a community-based protocol?
Time passes and new projects emerge. Since the arrival of cryptocurrencies, more and more investors are turning to this promising-looking sector. However, the best way to stand out from the competition is to develop an effective strategy. Cardano seems to have found its own. Indeed, the protocol boasts of being community-driven.
According to Charles Hoskinson, the founder of Cardano, ADA appears to be a community-administered decentralized open-source protocol. This response comes after a user came out bragging about their initiative to support Cardano assets on Ledger Live. So, despite the difficult times that cryptos are experiencing, Cardano remains close to and interacts with its community.
According to the statistics, the network remains on a rather positive course despite the collapse of prices. According CoinMarketCap, the crypto has fallen more than 9% in the past 24 hours. However, this does not prevent its development. Indeed, the latest weekly update from IOHK shows relatively positive network growth. About 89 projects have been launched on the network. From 992, there are currently 1004 projects built on Cardano. The number of native tokens also increased as it surpassed 5.1 million.
Full support for Cardano on Ledger Live seems like a boon for the crypto. Indeed, the cryptocurrency crisis is in full swing and finding alternative solutions can only be beneficial. The announcement of the arrival of ADA on the application will allow users to carry out their transactions in complete security. Cardano thus joins a list of the 10 largest assets available from the crypto hardware wallet provider. Despite a price down almost 10%, the crypto seems determined to stay afloat.
Source : U.Today
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The world is changing and adaptation is the best weapon to survive in this undulating universe. As a crypto community manager at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. In order to share my experience and make known a field that fascinates me, nothing better than writing informative and relaxed articles at the same time.
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Cardano (ADA) arrives on Ledger Live after a long wait
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