Well everyone, its about that time, as 2024 has rolled around, a number of blockchain projects have begun to announce their next iterations of updates and upgrades that will be happening this year, Cardano and IOTA being some of the most well known. A DeFi project just burned 300 million of their own tokens, Coinbase shared news I knew they were just aching to let everyone else know and it looks like 9 cryptocurrency exchanges were just banned in a country where they could have thrived.
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HUGE NEWS: Cardano 2024 Upgrade, Ripple CBDC, MAJOR Coin Burn, Crypto Inflation Board & IOTA Update
The cryptocurrency world is abuzz with major developments that are set to reshape the landscape in the coming years. From Cardano’s highly anticipated 2024 upgrade to Ripple’s plans for a Central Bank Digital Currency (CBDC), and a major coin burn, the industry is entering an exciting phase of growth and innovation.
Cardano, one of the leading blockchain platforms, has announced plans for a major upgrade in 2024. The upgrade, known as Voltaire, is set to bring significant improvements to the Cardano network, including enhanced governance features, smart contract functionality, and scalability. This news has generated a lot of excitement among Cardano supporters and investors, as it solidifies the project’s status as a major player in the blockchain space.
Ripple, another prominent player in the crypto world, has revealed its plans to develop a Central Bank Digital Currency (CBDC). This move is a clear indication of Ripple’s ambition to expand its reach beyond its traditional remittance-focused offerings. With CBDCs gaining traction around the world, Ripple’s entry into this space could have far-reaching implications for the industry.
In a separate development, a major coin burn is set to take place in the coming months. A coin burn involves the deliberate reduction of the total supply of a cryptocurrency by permanently removing a certain number of tokens from circulation. This move is often seen as a way to increase scarcity and potentially boost the value of the remaining tokens. The announcement of a major coin burn has created a stir in the crypto community, with many speculating on the potential impact on the affected cryptocurrencies.
In addition to these headline-grabbing developments, the establishment of a Crypto Inflation Board has also been announced. This board, which will include representatives from leading crypto projects, aims to address concerns around inflation in the crypto market. By working together to develop strategies to manage inflation, the board could play a crucial role in shaping the future of the industry.
Lastly, the IOTA project has provided an update on its progress, showcasing its efforts to build a scalable and decentralized blockchain platform. With a focus on the Internet of Things (IoT) and machine-to-machine transactions, IOTA’s developments are being closely watched by the tech and crypto communities.
Overall, these major developments are a testament to the rapid evolution and maturation of the cryptocurrency space. As the industry continues to grow and innovate, it is clear that the future holds great promise for blockchain technology and digital assets. Keep an eye on these developments as they unfold, as they are likely to have a significant impact on the crypto landscape in the years to come.
Good morning
Regarding TPS, there is a difference between max TPS and current TPS. The article talks about current TPS. Base previously processed upto 16 TPS when the load is higher. Its max TPS is much higher than 16 TPS because its a layer 2 solution.
To give an idea…
XRPs current TPS is 50.
At busy times, it averages upto 100.
It reached upto a max 150 -200.
Possible max TPS is 700 (per its founder David Schwartz and developers).
For 12 years, it was marketed as 1500TPS.
Ripple website now shows it as 3400 TPS eventhough every techical person in XRPL knows it is not.
Thank you for bringing the news
Thanks dude
LOVE ADA!!
Morning TMI
13:45 re TPS, couldn’t it be actual TPS, not *capacity*.
I didn’t have a reason to use BASE until I joined Farcaster, and it’s opened my eyes to the values
Good stuff TMI THX
Yeah when they do it, it kinda seems funky. Then when you hear it in clear words is when it doesn’t make sense…
This comment section is a garden of positivity. I love it!
Vash for the Algo
Ada is Eth's Litecoin
Algorithms
I dont trust anyone associated with the early Ethereum foundation….sorry Charles
Charles Hoskinson should be in federal pen.
Charles Hoskinson is the biggest weasel in crypto.