Subscribe To Our Newsletter

    Get the latest crypto news right into your email box. No spamming. We hate it too. Only pertinent news you need to know

    Latest News

    Coinbase Fixing Problem That Halted Payments From US Banks

    October 9, 2022

    Binance May Spend Over $1 Billion This Year on Deals, CZ Says

    October 9, 2022

    Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

    May 1, 2022
    Facebook Twitter Pinterest LinkedIn
    RareHippo – Crypto, Bitcoin, Blockchain News & Views
    Facebook Twitter Pinterest LinkedIn
    • Home
    • Bitcoin
    • NewsWire
      1. Latest News
      2. Top Stories
      3. Features
      4. What’s Hot
      5. Must Read
      6. Trending
      7. Spotlight
      8. Editors’ Picks
      9. View All

      Coinbase Fixing Problem That Halted Payments From US Banks

      October 9, 2022

      Binance May Spend Over $1 Billion This Year on Deals, CZ Says

      October 9, 2022

      El Salvador’s Companies Barely Bother With Bitcoin

      March 19, 2022

      New Jersey legislation aims to prevent public officials from being gifted NFTs

      March 18, 2022

      Coinbase Fixing Problem That Halted Payments From US Banks

      October 9, 2022

      Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

      May 1, 2022

      Crypto’s Preferred Currency for Political Donations Isn’t Bitcoin. It’s Dollars

      March 19, 2022

      Meta Sued by Australian Watchdog Over Scam Crypto Advertisements

      March 18, 2022

      Binance May Spend Over $1 Billion This Year on Deals, CZ Says

      October 9, 2022

      Two Senators propose crypto legislation for tax exemption on capital gains

      May 1, 2022

      Wall Street Reluctantly Embraces Crypto

      May 1, 2022

      Warren bill draws outcry over broad terms, but seems unlikely to pass

      March 20, 2022

      Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

      May 1, 2022

      Russia-Ukraine War Is Bringing Out the Good, Bad, & Ugly of Cryptocurrencies

      March 18, 2022

      The ‘world’s most advanced’ digital human wants you to buy her NFT art

      March 15, 2022

      FTX crypto exchange wins license in Dubai to open regional headquarters

      March 15, 2022

      Crypto Startup Founded by Ex-Meta Employees Raises $200 Million

      March 16, 2022

      U.K. Crime Agency Wants to Regulate Crypto Transaction Mixers

      March 15, 2022

      A Wall Street Quant Turns His Crypto Firm Into a Unicorn

      March 14, 2022

      Standard Chartered’s crypto custodian to help clients earn yield on token holdings

      March 14, 2022

      Man passing as UN affiliate convicted for crypto scheme

      March 18, 2022

      The Future of Crypto Is Boring — and Bright

      March 15, 2022

      Investors turn to crypto funds, companies as Russia-Ukraine crisis escalates

      March 15, 2022

      Binance Wins Crypto Licenses From Dubai, Bahrain

      March 15, 2022

      Why Bitcoin’s Environmental Problems Are So Hard to Fix

      March 16, 2022

      Americans Want Crypto From Their Banks

      March 15, 2022

      Why Decentralized Exchanges Are Important in the Crypto Economy

      March 10, 2022

      Binance plots M&A spree as regulators scrutinize crypto trading unit

      March 10, 2022

      Amid New Executive Order, White House Director Sheds Light On Crypto Policy

      March 16, 2022

      Bitcoin Evangelist Saylor Tells Economists Why They’re Wrong

      March 15, 2022

      Crypto Mania in Texas Risks New Costs and Strains on Shaky Grid

      March 15, 2022

      Bitcoin’s scared of commitment, Mr. Biden

      March 15, 2022

      Coinbase Fixing Problem That Halted Payments From US Banks

      October 9, 2022

      Binance May Spend Over $1 Billion This Year on Deals, CZ Says

      October 9, 2022

      Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

      May 1, 2022

      Two Senators propose crypto legislation for tax exemption on capital gains

      May 1, 2022
    • Altcoins
      • Ethereum
      • XRP-Ripple
      • Solana
      • Dogecoin
      • Cardano
      • Shiba Inu
    • Topics
      • Cryptocurrencies
      • Investments
      • Markets
      • NFTs
      • DeFi
      • ETFs
      • DAOs
      • Crypto Regulation
      • Metaverse
      • Blockchain & Web3
      • Blockchain Gaming
      • Crypto Exchanges
      • Crypto Mining
      • Stablecoins
      • Cybersecurity
      • Digital Currencies – CBDC
      • Crypto Book Reviews
      • Technology
      • Internet of Things
    • Opinions
    • Explainers
    • Press Releases

      Former Uber LatAm Head of Policy Leads Crypto Ride-Hailer Drife Toward Planned Global Expansion

      March 7, 2022

      European index provider for crypto assets Vinter raises $3.4m funding

      February 22, 2022

      PR – British crypto processor brings in $60 million for expansion in Europe

      January 25, 2022

      PR – CoinMENA obtains 2nd crypt0 license from European Union

      January 25, 2022

      NFT investment specialist looks to acquire Pluto Digital for £96m

      January 24, 2022
    RareHippo – Crypto, Bitcoin, Blockchain News & Views
    Home»Altcoins»February Sees 3.6% Increase in Cardano Wallets, Surpassing 3 million
    Altcoins

    February Sees 3.6% Increase in Cardano Wallets, Surpassing 3 million

    By David Thomas
    February 27, 2022By See Source Below3 Mins ReadNo Comments
    Facebook Twitter LinkedIn Pinterest Reddit WhatsApp Email Tumblr VKontakte Telegram
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email LinkedIn Tumblr Telegram

    According to Cardano Blockchain Insights, the total number of Cardano wallets increased 3.66% between Feb. 1, 2022, and Feb. 24, 2022.

    The number of wallets storing Cardano’s native cryptocurrency, ADA, has increased dramatically in 2022. Since the beginning of February, 4,565 new wallets have been added daily to the network.

    Donate to RareHippo Now!

    Much of ADA is locked up in staking. According to Cardano Blockchain Insights, 69% of ADA has been staked, taking most coins out of circulation and contributing to scarcity and price action.

    According to Finbold, the number of wallets holding ADA surpassed three million on Feb. 3. As of Feb. 24, there were 3101997 wallets. In Dec. 2021, the number of Cardano wallets increased 13,000% year-on-year, as interest in the asset began to pick up.

    Now, interest is picking up further, as recent data demonstrates Cardano’s superior energy efficiency. Its delegated Proof-Of-Stake consensus mechanism is 47,000 times more energy-efficient than bitcoin’s proof-of-work consensus mechanism.

    Cardano uses 0.00277429 Terawatt-hours of energy per year, while bitcoin uses 131.0 TWh per year. Bitcoin’s annual energy usage exceeds that of Ukraine and Norway.

    A consensus mechanism is a way to validate a set of conditions that ensures the transition of the blockchain network into an updated state following a transaction.

    ADA price action

    ADA’s deflationary status bodes well for its future, considering that there only ever will be 45 billion ADA ever. There are 32 billion ADA coins in circulation. ADA is trading at $0.90, up 7% in the last 24 hours.

    ADA hit an all-time high of $3.09 on Sep. 2, 2021, according to data from Coingecko. ADA has also bucked the trend seen in the crypto market, where bitcoin and Ether have dropped steadily.

    The Cardano project began in 2017 and remained inconspicuous until the end of November. ADA is now ranked ninth with a market cap of $28,690,753,802. According to the Cardano website, ADA is the only cryptocurrency backed by research.

    Give me your wallet

    A wallet is a device, physical medium, program, or service which stores an individual’s private and public keys for buying and selling crypto. Increases in wallet creation often correlate with rising prices.

    In other wallet news, crypto platform Blockchain.com added 22.9 million wallets between Nov. 2020 and Nov. 2021. They offer bitcoin, ether, and tether wallets, to name a few. Their wallets are non-custodial, meaning that the company does not have access to the private keys of its customers.

    Cardano’s Proof-of-Stake consensus mechanism has been developed through peer-reviewed research. The Cardano Foundation, spearheaded by Ethereum co-founder Charles Hoskinson, plans to roll out scalability changes progressively throughout 2022. This could contribute to confidence in the ADA coin, driving up the price.

    Read full story on BeInCrypto

    Altcoins Cardano
    Previous ArticleBitcoin Is Selling $3k Higher in Ukraine as Cash Withdrawal Limits Imposed
    Next Article The World’s Most Expensive NFT Comes With a Mansion Thrown In

    Related Posts

    Coinbase Fixing Problem That Halted Payments From US Banks

    October 9, 20221 Min Read

    Binance May Spend Over $1 Billion This Year on Deals, CZ Says

    October 9, 20223 Mins Read

    Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

    May 1, 20224 Mins Read

    Two Senators propose crypto legislation for tax exemption on capital gains

    May 1, 20225 Mins Read

    Wall Street Reluctantly Embraces Crypto

    May 1, 20225 Mins Read

    Warren bill draws outcry over broad terms, but seems unlikely to pass

    March 20, 20225 Mins Read
    Add A Comment

    Leave A Reply Cancel Reply

    Donate to RareHippo Now!
    Latest News

    Coinbase Fixing Problem That Halted Payments From US Banks

    October 9, 2022

    Binance May Spend Over $1 Billion This Year on Deals, CZ Says

    October 9, 2022

    Crypto Real Estate Is Here – Bitcoin Mortgages Are Just The Beginning

    May 1, 2022

    Two Senators propose crypto legislation for tax exemption on capital gains

    May 1, 2022

    Wall Street Reluctantly Embraces Crypto

    May 1, 2022
    Follow US & Win Prizes
    • Facebook
    • Twitter
    • LinkedIn
    • Pinterest
    Don't Miss
    Latest News

    Stock futures & crypto flatline as investors holding fire ahead of today’s consumer price index data-drop

    February 10, 20222 Mins Read

    Investors are holding fire ahead of today’s consumer price index data-drop, due out an hour…

    Hedge Fund Fir Tree Bets Big With Short of Stablecoin Tether

    March 11, 2022

    A Look at EU’s GDPR and What It Means for Crypto Privacy

    January 29, 2022

    Ottawa Blockade Largely Dispersed As Financial Crackdown Widens

    February 21, 2022

    Subscribe to Our Newsletter

    Get the latest crypto news right into your email box. No spamming. We hate it too. Only pertinent news you need to know

    Crypto news & Views
    Facebook Twitter Pinterest LinkedIn
    • Home
    • Privacy Policy
    • About Us
    • Donate to RareHippo
    • Get In Touch
    • NewsWire
    © 2023 RareHippo. Powered by 8 Dimensions

    The content of this website is for informational purposes only and is not intended as a substitute for investment or financial advice.

    Type above and press Enter to search. Press Esc to cancel.