Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Cardano Summit 2021. What to Expect

CryptocurrencySep 24, 2021 12:01PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Cardano Summit 2021. What to Expect

  • Cardano will be hosting a hybrid-virtual summit across all continents between September 25-26.
  • Hydra, Cardano’s layer two scaling solutions, will be presented during the event.
  • Cardano could announce the development of Singapore’s r-CBDC during the 2021 Summit.

Communities are the driving force of any successful cryptocurrency projects. Cardano, whose 2021 has been as successful as ever after delivering on its 6-year promise, has become a suitable contender to Etheruem after successfully implementing the Alonzo upgrade. Between September 25th and 26th, IOHK will stage the 2021 Cardano Summit across six continents.

A Hybrid Global Experience

Cardano’s summit is not location-bound. During the 2 day event, experts, innovators, and special guests will participate at Cardano’s 2021 Summit, which, according to IOHK, will be their “greatest ever.” The virtual and live event mix will appraise Cardano’s achievements and explore new updates implemented during and following the Alonzo upgrade.

The event will be held in person in places such as London, Miami, Berlin, Cape Town, Wyoming (the location of IOHK’s headquarters), and New York. It will also feature Misan Harriman to discuss the future of digital art and NFTs, as well as Dovydas Petkevicius from ADAX to talk about the importance of successful partnerships between the projects.

Charles Hopkins noted the event follows the implementation of smart contracts, which is expected to bring in “hundreds of ground-breaking innovations.” Moreover, Sidney Vollmer, Cardano’s Head of Product & Communications, said the foundation will announce partnerships that will “blow people’s minds.”

On The Flipside

  • Charles Hopkins will speak at a 2-day blockchain educational seminar for governmental officials in Washington D.C.
  • Cardano’s price is likely to dip during the Cardano 2021 Summit after partnership announcements are made.

Expanding the Network

The Alonzo upgrade represents a catalyzing moment for Cardano, as it enables scripting smart contracts through Plutus. As a result, Cardano can add and implement new blockchain features, including NFTs, DeFi, or even crowdfunding, matching Etheruem and other ecosystems while facilitating energy and cost-effective blockchain operations.

During the summit, the team at Cardano will present several new program features, including the dApps store, which is developed to alleviate industry fallacies such as malicious actors. dApps featured on the Cardano store will be scanned and audited for “dApp integrity.”

Moreover, Cardano will introduce Hydra’s layer two blockchain scaling solution. Finally, Cardano will present a developer preview during the summit, enabling users to test run one or multiple hydra heads. Nonetheless, the applicability of Hydra will be limited as in the current state; Hydra is still a proof of concept that is meant to be tested with a limited user base.

It’s also expected that Cardano developers and guest speakers will also discuss emerging trends, including but not limited to NFTs or a possible metaverse, seeing as how Cardano has built a “turtle island” to showcase Cardano.

Global Use Cases

Cardano’s Alonzo upgrade will bring “ground-breaking innovations” that will change the industry as a third-generation blockchain. Still, Cardano’s achievement adds additional value to their already global digital inclusion initiative.

IOHK’s most outstanding partnership with the Ministry of Education in Ethiopia aims to create digital identities for students, provide them with tamper-proof digital qualifications, and improve education in the country.

Micropayments are not a considerable progression in the current blockchain model. However, Hydra’s layer two solutions and COTI’s ADA Pay gateway processor can increase ADA’s ability to perform currency functions.

Twitter (NYSE:TWTR) user COTI investor advanced the possibility that Cardano and COTI will introduce Djed Stablecoin during the Cardano summit, which is speculated to be their “big partnership” announcement. In addition, Input-Output Global (IOG) has been selected as one of the 15 finalists commissioned to develop the r-CBDC in Singapore. As COTI replied to a community question:

"Wait to see the announcement during the Cardano summit." While developing the r-CBDC is not a partnership per se, Cardano could increase the use case of ADA as a micropayment method in Africa, where it already has an enduring country-specific partnership.

Why You Should Care?

Now that Cardano has implemented smart contracts on the network, it is expected that the ecosystem will expand. However, developers can only assess the network resilience and speed after thoroughly testing it in real-world environments. Still, Cardano can cause an industry flippening if both developers and users vouch for their concept and network.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Cardano Summit 2021. What to Expect
 

Related Articles

There Is No Room For Fortnite NFTs at Epic
There Is No Room For Fortnite NFTs at Epic By DailyCoin - Oct 23, 2021

Blockchain games are still fighting for legitimacy. Valve added a new rule on their publishing list, which includes blockchain games. Epic Games Store will accept...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
Bruna Moreira
Bruna Moreira Sep 24, 2021 7:15PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is awesome!
Alex Choi
Alex Choi Sep 24, 2021 12:13PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wow game changer in blockchain world
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email