Main {hardware} pockets supplier Ledger has expanded assist for the Cardano ecosystem, permitting customers to handle 100 such native tokens on their Ledger Dwell app whereas leveraging the safety of the Ledger Nano.
Ledger Expands Assist for Cardano
Because the title suggests, Cardano native tokens are property constructed on the Cardano blockchain. These property behave the identical means as ADA in most methods and profit from the community’s options. Nonetheless, ADA is the principal foreign money on Cardano used for particular functions, equivalent to paying transaction charges.
In keeping with the announcement, the newly added cryptocurrencies embody, amongst others, ADAX, DANA, DRIP, FIRE, and CLAP. Ledger famous that the tokens weren’t chosen primarily based on their market capitalization however by the variety of transactions carried out over a given interval.
There are over 5 million tokens within the Cardano ecosystem. The community permits builders to create and distribute native tokens with out writing customized code or costly sensible contracts. The {hardware} pockets producer hinted that extra Cardano native tokens could be listed sooner or later.
“100 native Cardano tokens simply made their strategy to your Ledger Dwell app… There are a lot of extra Cardano tokens, however for now, we determined to assist these 100 tokens first,” the corporate mentioned.
In the meantime, the brand new itemizing comes only a month after Ledger added full assist for Cardano, permitting customers to ship, obtain, and handle ADA immediately from Ledger Dwell.
Cardano Sees Community Development
Regardless of the market downturn over the previous few months, the Cardano ecosystem has seen important progress in on-chain exercise.
In June, on-chain transactions on Cardano reached a report 44.8 million, greater than 5% greater than the whole recorded in Might. The blockchain additionally noticed a spike in native property and ADA addresses, reaching 5.4 million and three.42 million, respectively.
Cardano’s Vasil Exhausting Fork Postponed
In the meantime, earlier in the present day, CryptoPotato reported that Cardano’s long-awaited Vasil arduous fork had been postponed for the second time.
Though the brand new date for the improve continues to be unknown, Kevin Hammon, Technical Supervisor of Enter Output International (IOG), mentioned the mission’s builders are nonetheless testing and fixing to make sure every part is in place when the improve lastly goes reside.
The Vasil arduous fork, designed to extend the community’s scalability, falls underneath the Basho period of Cardano’s Roadmap.
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