The countdown is on: The Cardano Goguen mainnet draws closer

The countdown is on: The Cardano (ADA) Goguen Mainnet is getting closer

The release of the Cardano (ADA) Goguen Mainnet is getting closer day by day. Investors have high hopes for the biggest upgrade in Cardano history – what’s in store?

ADA’s share price has already grown by more than 400 per cent this year. The project has thus climbed to fourth place among Bitcoin Trader app the largest cryptocurrencies by market capitalisation. In the last 30 days alone, the Ethereum competitor gained almost 170 per cent.

ADA Cardano price

Within the last 24 hours, Cardano has seen a slight decline and as of press time, the ADA price is at $0.8240.
Expectations are high for Goguen

On 3 February, the Cardano development team Input Output Hong Kong (IOHK) has already conducted successful tests on the Goguen testnet. Therefore, the Cardano Foundation and IOHK are extremely optimistic that the Goguen Mainnet will be launched by the end of February. The Goguen Mainnet will transform the Cardano Blockchain into a so-called multi-asset network.

This means that once the upgrade is fully implemented, it will be possible to build smart contract applications and tokens on Cardano. In addition, non-fungible tokens (NFT) and decentralised finance (DeFi) protocols will also be able to use the Cardano blockchain. Unlike Ethereum, however, these applications should not be restricted by high transaction costs and long transaction times.

What makes Cardano different from Ethereum?

One big difference between the fourth largest cryptocurrency and Ethereum is that there will be no more execution fees on Cardano after the Goguen upgrade. This means that users of the ADA blockchain will not have to pay fees to execute transactions.

The recent bull market in Ether (ETH) and other Ethereum projects has led to extremely high ETH transaction fees and many retail investors are looking at alternatives for this reason. This has led to Decentralised Finance (DeFi) currently still going strong not only on Ethereum, but also on other blockchains. It is exactly this vacuum that Cardano wants to fill and especially in Decentralized Finance the project wants to expand massively.

Cardano Liquidity Mining on the Binance Smart Chain

The Binance Smart Chain (BSC) is booming and just recently we introduced you to five of the most promising BSC projects. Lending crypto project Venus (XVS) is the biggest DeFi application on the BSC right now. Venus has developed rapidly since its launch in November last year. In four months, the team has attracted over 18,000 users and about two billion US dollars in liquidity.

A few days ago, Venus announced in its 2021 roadmap that it plans to add Cardano to its platform. As a result, people will be able to use Cardano as collateral for borrowing and lending on Venus.

In addition, the Cardano team has already announced plans for its own lending protocol, to be called Liqwid Finance. As soon as the Goguen Mainnet is ready, initial work on Liqwid Finance can begin. However, if this project is delayed, ADA holders already have the opportunity to participate in the booming DeFi sector via the Venus protocol.

CME Ethereum-futures går live, Bitcoin dækker sin bedste uge nogensinde: 5 ting at se denne uge

Med sin bedste nogensinde inden lukningen er Bitcoin indstillet til at kæmpe med Ether og den nye „altseason“ for overherredømme i denne uge.

Bitcoin ( BTC ) tyre ser godt ud i førersædet i denne uge, da den største kryptokurrency begynder mandag på næsten $ 40.000.

Efter at have klatret igennem meget af den foregående uges handel, steg BTC / USD nu med 15% sammenlignet med syv dage siden – hvad er det næste?

Cointelegraph ser på fem faktorer, der kan påvirke, hvor Bitcoin leder i de kommende par dage.

Lagre rammer rekorder, men dollar falder

Bitcoins opstigning forud for weekenden blev ledsaget af et velkendt scenario på makromarkederne.

På trods af coronavirus og dets nedfald fortsætter med at skabe kaos i mange økonomier overalt i verden, så aktiemarkederne nye højdepunkter, da S&P 500 lukkede sin største ugentlige gevinst siden november sidste år. Olie steg over $ 60 pr. Tønde for første gang i mere end et år mandag.

Stemningen blev styrtet af udsigten til nye udgifter i USA, da lovgivere så ud til at færdiggøre detaljerne i præsident Joe Bidens stimuluspakke på $ 1,9 billioner.

Som Bitcoin-fortalere konsekvent har bemærket siden starten af pandemien og før, betyder mere udgifter flere penge koncentreret tættere på regeringen og centralbanken – et fænomen kendt som „cantillon-effekten“ – der baner vejen for fortsatte interventioner på aktiemarkeder blandt andre områder.

Samtidig har den amerikanske dollar lidt de seneste dage, hvilket er en del af en fortælling, der siger, at verdens reservevaluta fortsat vil falde.

Amerikanske dollarvalutaindeks (DXY) faldt pludselig til under 91 mandag og vendte sin nylige stigende tendens, som var begyndt i midten af januar.

På trods af blandede synspunkter om stimulus ser det ud til, at politiske kilder er fuldt tilmeldt til at oppumpe pengemængden som den eneste mulighed

”Jeg er fortsat bekymret, fordi jeg på mellemlang sigt bekymrer mig over verdslig stagnation, at finanspolitikken bliver nødt til at være meget mere aktiv i de kommende år og helt sikkert deler administrationens opfattelse af, at politikken burde fejle meget ved siden af ekspansionen ved et øjeblik som dette, ” skrev Lawrence Summers, cheføkonomisk rådgiver for Barack Obama, i Washington Post søndag.

„Men denne slags kvalitative overvejelser giver ikke grundlag for at bedømme, om 900 mia. Dollars i kortsigtet stimulus skal følges straks af en $ 1 billion, $ 1,9 billioner eller $ 5 billioner foranstaltning, inden en ultimativ måling på flere billioner dollars.“

ECB: President Christine Lagarde says no to Bitcoin reserves

How do ECB President Lagarde and US Treasury Secretary Yellen feel about cryptocurrencies? Both warn of a lack of regulations, but are not fundamentally opposed to digital money.

The current soaring of Bitcoin and other cryptocurrencies is driving the monetary authorities into trouble

You see their influences dwindling as institutional and private investors trust the crypto sector. The President of the European Central Bank (ZEB) Christine Lagarde has now participated in a conference call organized by the business magazine The Economist and presented her position on the subject. She said on Wednesday, according to media reports , that she doesn’t see Bitcoin as a real currency, adding that central banks won’t be holding it as a reserve currency anytime soon.

It’s very unlikely – I’d say it’s out of the question.

So Lagarde in the original sound. Most recently, ECB President Lagarde spoke rather critically about Bitcoin Profit at a conference of the Reuters news agency in January . She called for global regulation. She also said that in some cases criminals have used the digital currency for money laundering activities and that all loopholes need to be closed.

There has to be regulation. This has to be applied and agreed … on a global level because if there is a way out, that way will be used

added Lagarde.

Yellen, like Lagarde, points out crime

However, it does not completely reject digital currencies. She definitely sees the place for this in the future, also at the ECB. She said the pandemic had pushed economies towards faster digital adoption. There could be a digital euro currency in about four years. This thesis recently received a boost from a ruling by the European Court of Justice on the restriction of cash.