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Cardano [ADA]’s Charles Hoskinson discusses Rust as the first open-source project

Priyamvada Singh

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Cardano [ADA]'s Charles Hoskinson discusses Rust as the first open-source project
Source: Pixabay

Charles Hoskinson, the Co-Founder of the science and engineering firm InputOutput talked about the Cardano Rust Project and the anniversary of Cardano earlier this week. He stated that Cardano’s Rust is the first open-source project aimed at widening the reach of the technology to a broader range of third-party developers.

Furthermore, Hoskinson explained that the project is significant for a number of reasons. Firstly, it opens up Cardano to the large community of Rust developers who might not have the ability to code or have much knowledge of Haskell. He also stated:

“It proves an important point, namely that the Cardano platform stands for itself, independent of its Haskell implementation. The Rust SDK serves as a proof of concept for the fact that any language can build on the Cardano platform.”

On being asked to mention one special factor about Cardano on its anniversary, the creator said that the Rust Project is something that the team is especially proud of. More so, announcing the project was exciting for the team and has acted as the kick to start the second year.

Lastly, Hoskinson stated that there have been a number of notable milestones and achievements to highlight since Cardano’s launch a year ago. In May 2018, IOHK partnered with the Ethiopian government to explore applications of blockchain technology in the country, including coffee supply chain traceability. Subsequently, he mentioned:



“We also continued to drive blockchain knowledge forward through the establishment of a number of blockchain development training courses, in Barbados and Ethiopia.”

Earlier this year, IOHK released a video where its CEO was talking about his vision for Africa with the help of the blockchain technology. Time and again, Hoskinson has also expressed that his foremost purpose of joining the cryptocurrency and blockchain space was to work in the interest of the developing world by advancing its technological sector.

In the cryptocurrency market, Cardano [ADA] is down by 2.99%. At press time, ADA was trading at $0.0809 with a market cap of over $2 billion and 24-hour trading volume of $44.3 million.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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