Cardano prints a new all-time high after Kraken introduced ADA staking. Meanwhile, smart contracts are getting closer and closer.
The US Bitcoin Exchange Kraken allows the staking for ADA, the heart of the Cardano network recently. Since the evening of May 4th, customers of the crypto exchange have had the opportunity to earn passive income with their ADA at Kraken. Cardano is the seventh cryptocurrency Kraken has set up a staking pool for. With an expected annual return of four to six percent, Cardano is in the middle of the field:
The staking rewards are paid out on a weekly basis. Kraken customers have the opportunity to stake their share of the block reward directly.
The ADA course hit a new record on May 6th. The ADA bulls have meanwhile driven the price up to USD 1.69. At press time, ADA is trading at $ 1.64. In a month-on-month comparison, the ADA rate rose by 33 percent. This is remarkable in that ADA only set a course record in April.
The bullish development that Cardano has shown in recent months is underpinned by advances in the introduction of smart contracts. Because although the project likes to present itself as an Ethereum killer, this key component is still missing.
However, that is likely to change soon. Because with Alonzo the next important network upgrade is already in the starting holes. Since the end of April, Alonzo has been put through its paces in a test network by selected Cardano partners. In the next step, the testnet will be made available to a broader (developer) public. However, it will still be a few months before the hard fork, which Alonzo and the Plutus smart contract platform will integrate into the Cardano mainnet. When it comes to Cardano-creator Charles Hoskinson, it could be the end of July or early August to be so far.
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