![]() ![]() Optimism is one of the most highly regarded projects when it comes to Ethereum scalability, and their optimistic rollup-based technology gives users the ability to enjoy much faster and cheaper transactions that still rely on the Ethereum mainnet for security. The OP token made its debut on June 1, when it was listed on a number of leading cryptocurrency exchanges including the likes of Binance, Coinbase and FTX. The Optimism project decided to go ahead with the launch of their highly anticipated governance token as planned, despite the prevailing bearish sentiment in the cryptocurrency market. Why Optimism? OP markets will likely be volatile during the price discovery process OP token holders participate in the Token House, and vote on issues like incentive distribution, protocol upgrades, and the handling of treasury funds. Both groups contribute to the project’s governance, and help determine how the revenue generated by the Optimism platform is distributed to drive further growth. Optimism have created a governance structure that consists of two groups-the Token House and the Citizens’ House. OP is a governance token created by Optimism, a Layer-2 scaling solution for the Ethereum blockchain. It will be interesting to see if Cardano will have any notable announcements to make at the event, where Cardano founder Charles Hoskinson will be one of the speakers. ![]() Consensus 2022 will be taking place between June 6 and 9. The Cardano project will also have a presence at the Consensus 2022 conference, which is arguably the most important annual conference for the cryptocurrency and blockchain industry. If you want to learn more about what the Vasil hard fork will entail, you can check out this Twitter thread by Cardano lead developers Input Output. The upgrade will include four Cardano Improvement Proposals (CIPs). There’s also some notable technical developments connected to Cardano, as the Cardano blockchain will be upgraded towards the end of June with the Vasil hard fork. This rally showed that there’s still some appetite in the market for ADA, which has established itself as a top 10 crypto asset by market capitalization. The price of ADA rallied from $0.48 to a local peak of $0.66 in the space of only two days before a price correction occurred. Why Cardano? June will be a busy month for the Cardano projectĬardano capped off the previous month with a pretty substantial price rally, which was especially notable because of the otherwise bearish conditions in the cryptocurrency market. The Cardano project consists of three main organizations: IOHK, which leads the project’s technical development, the Cardano Foundation, which promotes the adoption of Cardano, and Emurgo, which is focused on working with businesses. ![]() The Cardano blockchain also supports custom tokens, which use the same architecture as the network’s native asset ADA. It operates through a Proof-of-Stake consensus mechanism, and is integrating smart contracts functionality to support decentralized applications like DEXes. Cardano (ADA)Ĭardano is a blockchain project that launched in 2017. As the cryptocurrency markets continue to fluctuate, let’s check out three cryptocurrency and blockchain projects that will be especially interesting to follow this week. ![]()
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