More than 5% more transactions were place on the Cardano blockchain in June than there were in May, totaling a record 44.8 million. Cardano notices network expansion 100 Native Cardano Tokensĭespite the recent market collapse, on-chain activity in the Cardano ecosystem has increased significantly.
#When will ledger live support cardano full#
Meanwhile, the new listing comes just a month after Ledger added full support for Cardano, allowing users to send, receive, and manage ADA directly from Ledger Live. “100 native Cardano tokens just made their way to your Ledger Live app… There are many more Cardano tokens, but for now, we decided to support these 100 tokens first,” the company said. The maker of the hardware wallet made a suggestion that more Cardano native tokens would eventually be featured. The network enables developers to produce and distribute native coins devoid of costly smart contracts or bespoke software.
The Cardano ecosystem contains more than 5 million tokens. Ledger noted that the tokens were not selected based on their market capitalization but by the number of transactions performed over a given period. Īccording to the announcement, the newly added cryptocurrencies include, among others, ADAX, DANA, DRIP, FIRE, and CLAP.
On Cardano, ADA is the main currency utilized for specific tasks like paying transaction fees. These assets take advantage of the network’s characteristics and generally operate similarly to ADA. 100 Native Cardano Tokens Ledger increases Cardano supportĬardano native tokens are assets created on the Cardano blockchain, as their name suggests. Ledger, a leading manufacturer of hardware wallets, has increased support for the Cardano ecosystem by enabling users to handle 100 of these native tokens on their Ledger Live app while utilizing the Ledger Nano’s security.
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