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Emurgo, one of Cardano blockchain’s founding partners, announced their new partnership aimed at integrating Huawei’s cloud. Meanwhile, Aptos price falls 16% as nearly 25 million locked-up APT tokens will be released Friday.
BlockDAG (BDAG) emerges as a hybrid concept that tackles the blockchain core problems, merging the security of blockchain with the speed of BlockDAG technology, and setting new benchmarks in speed, efficiency, and scalability.
BlockDAG is currently in Batch 8, making over $16.4 million in presales and coin sales exceeding 7.2 billion coins. With analysts predicting 20,000x ROI for BlockDAG, expectations are that the presale will completely sell out in the coming 3 months.
Emurgo Partners with Huawei Cloud to Propel Cardano Ecosystem Growth
The collaboration between Emurgo and Huawei Cloud, a globally recognized cloud computing leader, promises significant advancements for the Cardano ecosystem by integrating Huawei’s robust cloud infrastructure. This integration will empower developers to build innovative Web3 solutions on Cardano, thereby bolstering its expansion and adoption across the Asia-Pacific and Africa regions. This milestone represents the initial phase of a broader partnership between Emurgo and Huawei, with the shared goal of driving commercial adoption through initiatives like validator nodes, events, and technological collaborations.
Moreover, the partnership aims to improve the scalability and interoperability of Cardano’s cloud services. Access to Huawei’s Marketplace, frequented by numerous esteemed organizations, will further amplify Cardano’s Web3 outreach. As the Cardano community eagerly awaits more details and progress on the integration with Huawei’s cloud infrastructure, there is growing excitement surrounding the potential benefits and opportunities this collaboration may bring.
Aptos Faces Decline Ahead of Major Token Release
Aptos (APT) has shown a lackluster performance in the cryptocurrency market, especially in anticipation of an upcoming supply event this week, which is expected to increase the circulating token supply by almost $300 million. Over the past week, Aptos price experienced a decline of more than 16%, making it one of the worst-performing assets in the market. Only the token of decentralized exchange Uniswap (UNI) performed worse, largely due to regulatory actions in the U.S.
This challenging week comes just before the scheduled release of 24.84 million previously locked-up APT tokens on April 12. Of these tokens, $141 million worth will be distributed to core contributors, $100 million to investors, $38 million among community members, and $16 million to the ecosystem development foundation. While the tokens set to be released represent only 6% of the current circulating supply, the event is significant as it nearly doubles the daily trading volume on exchanges.
BlockDAG: Revolutionizing Blockchain Security with Lightning-Fast DAG Speed
BlockDAG is a hybrid concept that combines features of both traditional blockchains and DAGs. It retains the benefits of DAGs, such as high scalability and faster transaction processing, while integrating the security and trust of blockchain consensus mechanisms. In short, blockchain security meets the speed of DAG technology in BlockDAG.
This brings us to the PHANTOM Protocol, which shares similarities with various blockchain protocols. This protocol operates on the assumption that the majority of miners participating in the network are honest actors, incentivized to follow the protocol’s rules, and contribute to network security.
Unlike traditional blockchains with a single, linear chain, PHANTOM’s Directed Acyclic Graph (DAG) architecture allows for parallel block creation. As a result, an algorithm is required to determine the final order in which transactions within these blocks are processed and validated. In essence, PHANTOM offers a promising solution to addressing scalability and security challenges in blockchain technology.
Conclusion
Aptos price is poised for a significant downturn as its circulating token supply is set to surge by nearly $300 million, potentially outstripping demand and leading to a drop in prices. Meanwhile, Cardano’s ecosystem is anticipated to thrive following its recent collaboration with Huawei. BlockDAG integrates DAG technology, offering unparalleled scalability, speed, and security, and redefining the blockchain landscape. Celebrating the launch of its technical whitepaper with an appearance on the Las Vegas Sphere, BlockDAG has accumulated over $16.4 million in its ongoing presale. With a 30,000x ROI potential, BlockDAG is poised to be the best crypto platform.
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Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This sponsored content is not a part of NFTgators’ editorial views and is not an investment advice. Do your due diligence before making any decision.
