Category: Cardano network

Cardano Loses 3rd Spot On Crypto Top 10, Why It May Drop Even More

Cardano Loses 3rd Spot On Crypto Top 10, Why It May Drop Even More

Cardano has now lost its spot at the 3rd place on the crypto top 10 as its price had refused to move in accordance with the broader crypto market. While other altcoins had rallied alongside bitcoin, ADA had remained mostly stagnant.
Despite the hype created around the project when smart contracts capability was launched last month, support has dwindled for the asset. Its race above $3 had seen it overtake Binance native token BNB to clench the top 3 spot. But ADA has once again surrendered this position as it dropped to 4th place while BNB surged past, beating ADA by $9 billion in market cap.
ADA May Still Suffer Losses
The Cardano project has not had any market-moving news in recent times. There has been news regarding the project investing in smaller Cardano-focused startups. However, nothing has created hype around the project.
Related Reading | Cardano Investors In Japan Come Under Fire For $6 Million In Underreported Taxes
Its foray into the decentralized finance (DeFi) space has been delayed because although the blockchain is now capable of supporting smart contracts, building the protocols required to provide decentralized finance services to users takes time to build. Developers have been working hard on deploying their decentralized applications (DApps) on the network and the Cardano Foundation has provided support to these projects, but it will take a while before there are enough working DeFi protocols on the blockchain to draw in users to carry out DeFi activities on the network.

ADA price trading at $2.13 | Source: ADAUSD on TradingView.com
If the digital asset does not see any significant improvement in support and momentum, then ADA may run the risk of falling below $2. Its community boasts some of the strongest hold sentiment with over 70% of its total supply currently staked. However, without significant amounts of money coming into the asset, it is likely to continue a downtrend that may see the price retest the $1.7 range.
Cardano Founder Begins Africa Tour
Bitcoinist reported last week that Cardano founder Charles Hoskinson was getting ready to begin a tour through Africa. Hoskinson confirmed that the tour had kicked off on October 15th when he posted a tweet that showed him appearing on a panel in South Africa, where the tour was scheduled to begin.
Related Reading | SpaceBudZ Marks First NFT Sale Above $1 Million On Cardano Network
Hoskinson, in conjunction with the Cardano Foundation, plans to visit various startups on the continent that are building on the blockchain. They will provide funding and education, as needed, to this project and help to guide them through deploying on the Cardano network.
This has although not been the kind of needle-moving news that the digital asset needed because, despite the kick-off of the tour, ADA’s price has not recorded much upward movement. Momentum remains down as the price continues to struggle around the $2.1 price range.
Featured image from Euronews, chart from TradingView.com

SpaceBudZ Marks First NFT Sale Above $1 Million On Cardano Network

SpaceBudZ Marks First NFT Sale Above $1 Million On Cardano Network

NFTs have been live on the Cardano network for a while. Before smart contracts capability had debuted on the network, users were able to mint and sell NFTs without needing a smart contract address. This has been one of the pulls towards the network and users have taken full advantage of this capability to trade their NFTs on the blockchain.
However, compared to leading NFTs blockchain Ethereum, Cardano NFT sales have been minute. Where the Ethereum network has seen NFTs sold for as high as $69.3 million in the case of Beeple, Cardano had yet to see its first million-dollar sale. This is mostly due to the network rolling out NFT capability later than Ethereum and having less interest from buyers.
Related Reading | Cardano Investors In Japan Come Under Fire For $6 Million In Underreported Taxes
SpaceBudz Sells First Million-Dollar NFT
The NFT market on Cardano has boomed ever since smart contracts capability was introduced on the blockchain. Although these smart contracts are not required for minting NFTs, they brought more users to the network, which, in turn, brought more interest into NFTs minted on the platform. Various artists have released and sold their NFTs on the blockchain, and now, SpaceBudz has successfully recorded the first Cardano NFT sale above $1 million.

ADA price trading at $2.11 | Source: ADAUSD on TradingView.com
SpaceBudz is an NFT platform that is built on the Cardano blockchain. The SpaceBudz consists of 10,000 unique NFTs which users can personally own after they purchase it. The project broadcasts its sale on Twitter via a bot that reports every listing and sale of a SpaceBudz NFT.
On Tuesday, the SpaceBudzBot account reported that SpaceBud #9936 had been sold for 510,000 ADA. Going by ADA’s current price of $2.11 at the time of this writing, the NFT sold for $1,076,100. A record sale on the Cardano network.

SOLD – SpaceBud #9936 was bought for 510000 $ADA https://t.co/E3605AnMs0 #spacebudzsold pic.twitter.com/W6Jml5mbHt
— SpaceBudzBot (@spacebudzbot) October 12, 2021

Cardano Celebrates Ada Lovelace
Cardano’s native token ADA is named after one of the earliest programmers on record. Ada Lovelace is one of the women who pioneered software programming after the first computers were used in the 1940s. Members of the community refer to themselves as Lovelaces, an ode to the mathematician.
IOHK joined the scientific community in celebrating Ada Lovelace Day, which commemorates the contributions and achievements of women in STEM fields.

Today is Ada Lovelace Day – celebrating one of the earliest tech pioneers & programmers!
It is an international celebration of the achievements of women in science, technology, engineering & math, to increase the profile of women in STEM #Cardano https://t.co/bp1X6rC79z pic.twitter.com/tCgcvaoZHZ
— Input Output (@InputOutputHK) October 12, 2021

Related Reading | FTX CEO Sam Bankman-Fried Reveals Reason Behind Billions Of Dollars Tether Purchase
Cardano Foundation has been making marked contributions to innovation and growth in the science and technology sector, and founder Charles Hoskinson is set to tour the continent of Africa as the foundation invests in startups building on the blockchain in the region. The Africa tour is scheduled to start in South Africa but a departure time has not been announced yet.
Featured image from The Cryptonomist, chart from TradingView.com

Grayscale Report Shows The Good, The Bad, And The Ugly Of The Cardano Network

Grayscale Report Shows The Good, The Bad, And The Ugly Of The Cardano Network

Cardano featured in the latest release of the Grayscale Building Blocks, a monthly publication from one of the leading crypto funds in the world. The report focused solely on the third-largest cryptocurrency by market cap. An exposé of sorts. The report went through various aspects of Cardano, including its creation, leadership, community, and so forth.
Cardano is the third-largest holding of Grayscale in its GDLC Fund (Grayscale Digital Large Cap Fund). This is why the asset manager has taken a vested interest in the asset and is educating its investors on one of its largest crypto holdings. In the report, the pros and cons of the network are outlined. Along with the upgrades which are being carried out on the network to put it in a favorable position to compete with other large cryptocurrencies in the market.
Competing With The Market
As time went on, the way the Cardano network was structured had unveiled a flaw in its design. Once decentralized finance gained popularity, it became obvious that the blockchain would not be able to compete on the same level as Ethereum due to its lack of smart contracts capability. Developers had then begun to work on launching smart contracts capability on the network, which became a reality on September 12th, 2021. But it came years behind other leading smart contracts networks.
Related Reading | Charles Hoskinson To Launch Three-Time Grammy Nominee Paul Oakenfold’s Album On Cardano
With smart contracts capability present in the Cardano ecosystem, the question becomes if users will adopt it. There already exist blockchains with booming decentralized finance markets. So they would need a compelling reason to move over to Cardano.
“The trade-off of Cardano’s approach has also resulted in its biggest weaknesses, which include: a historical lack of smart contract capabilities, an unproven track-record for how well dApps will function, a still maturing third-party developer ecosystem, lack of widespread mainnet dApps, ad lower transaction fee revenue.”

ADA price maintains position above $2 | Source: ADAUSD on TradingView.com
Since the network is yet to be tested, there is still skepticism in the community as to how well decentralized applications will work on the blockchain. Developers obviously have their work cut out for them.
Cardano Competitive Advantages
The Grayscale report also outlines the advantages of the blockchain over others. Its leadership remains one of the strongest components of the project. The Cardano community has always remained loyal to founder Charles Hoskinson, who has continued to share his vision for the project with the community at every turn. As such, inspires continued support for the asset no matter how the price may be doing.
Decentralization is also an important feature of the Cardano blockchain. A fully open-source project, the Shelly upgrade had spread the core network consensus amongst thousands of participants. Its native token, ADA, is held by millions of people around the world and can easily be bought and sold on exchanges both big and small.
Related Reading | FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Debit Cards
Last but not least, the blockchain has strong funding sources. Its treasury balances currently sit at $1.6 billion, giving the network a competitive advantage when it comes to growing and upgrading its ecosystem as technology in the crypto space changes.
Featured image from CryptoPotato, chart from TradingView.com

Charles Hoskinson To Launch Three-Time Grammy Nominee Paul Oakenfold’s Album On Cardano

Charles Hoskinson To Launch Three-Time Grammy Nominee Paul Oakenfold’s Album On Cardano

The release of smart contracts capability on Cardano has brought with it some interesting projects. Cardano had revealed multiple partnerships over the course of its two-day Cardano Summit. These projects aimed at increasing utilizing the capability of the blockchain to its fullest potential. But before smart contracts had debuted on the platform, non-fungible tokens (NFTs) had been supported.
Cardano network has seen thousands of NFTs being minted. This had been actively encouraged by the developers in order to entice the community into using the blockchain as its default for minting NFTs as opposed to well-established networks like Ethereum and Solana. The latest iteration of the network promoting NFTs on the network has come in the form of founder Charles Hoskinson releasing dance artiste Paul Oakenfold’s album as an NFT on Cardano.
Hoskinson Teams Up With Paul Oakenfold
Celebrities have taken to NFTs like fish to water. From athletes to musicians, NFTs have presented as a new way for public figures to stay connected with their fan base, while also monetizing their image. Now, founder Charles Hoskinson is taking it one step further as he partners with Paul Oakenfiled to release the DJ’s album as an NFT on Cardano.

One of @ethereum’s original co-founders, @IOHK_Charles, is working on a collaborative album with dance music legend @pauloakenfold.https://t.co/WUgw3AV2XF
— EDM.com (@TheEDMNetwork) September 29, 2021

Related Reading | Cardano Summit Sees Launch Of Exciting New Partnerships
The announcement was made at the just-concluded Cardano Summit and will cover everything from Oakenfield’s album, down to its cover art and notes. The dance and trance DJ who is of British descent has been nominated for three Grammy Awards over the course of his career and is regarded as a legend in the EDM scene.
Hoskinson has been working closely with the artiste to bring the project to life on the blockchain. The founder believes that blockchain technology is important for the future of the music industry and is interested in how this will work. “Getting to learn about the electronic music industry and how the blockchain can support it has been a revelation,” Hoskinson said.
Bringing Music To Cardano
Oakenfield’s album will not be the first, nor the last, to bring music to the blockchain as NFTs. For Cardano alone, multiple music and music-related acts have brought their talent to the world through the network.
Related Reading | EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption
Most notable of these had been the launch of ZZ Top frontman Bill Gibbons’ music NFT collection on the blockchain. Auction for Gibbons’ collection had run in the same time frame as the Cardano Summit, and it included 30-second original jam sessions digital music by Billy Gibbons and one Golden Ticket which conferred a 20-minute one-on-one session with the artiste.
Earlier this month, the blockchain had seen the launch of the first-ever music label to be launched on the blockchain. $GREED is a crypto music label that was launched on the ecosystem as a smart contract.

ADA price trading at $2.097 | Source: ADAUSD on TradingView.com
Featured image from IOL, chart from TradingView.com

World-Famous DJs Paul Oakenfold, Carl Cox, Paul Val Dyk Spin and Crossfade Into the NFT Universe

World-Famous DJs Paul Oakenfold, Carl Cox, Paul Val Dyk Spin and Crossfade Into the NFT Universe

While celebrities and athletes have been jumping into the non-fungible token (NFT) scene headfirst, a large quantity of music acts have also entered the NFT industry. On Tuesday, a lineup of world-famous DJs are being represented in a newly launched NFT collection called Djenerates. The NFT collection is supported by prominent DJs like Carl Cox, Paul Oakenfold, Paul Val Dyk, Benny Benassi, Sven Väth, and Blond:ish.
Prominent DJs Featured in NFT Collection
In 2021, non-fungible token (NFT) assets have become a billion-dollar industry and it seems everyone is trying to get in on the action. Bitcoin.com News has reported on the swarm of celebrities flocking to NFTs quite a bit this year.
Popular hip-hop superstars like Snoop Dogg, Lil Pump, Eminem, Jay-Z, Busta Rhymes, and Ja Rule have also been participating in the blockchain and crypto revolution. Now a slew of popular DJs are being featured in a collection of NFTs called the Djenerates.
The collection of NFTs called the Djenerates.
The collection launched on September 28, and features 10,000 unique characters from the electronic music world. “From clubbers, DJs & bar staff to VIPs, bouncers and dancers, this is your exclusive pass into a new creative clubbing paradigm, known as the Djenerates,” the website details.

Pioneering DJ Paul Oakenfold to Launch NFT Album on Cardano
The Djenerates launch announcement details that the project has partnered with the Cardano network’s Starship Universe. The pioneering DJ Paul Oakenfold revealed at the recent Cardano summit in Laramie, Wyoming that he would be launching an NFT album (dubbed “Zombie Lobster”) on the ADA network.
“We live in a technological age,” Oakenfold said. “Platforms used to be for trains, clouds were in the sky and socials were places you danced. Things change quickly. It’s all about ‘when?’ and ‘where?’ but few people ask ‘why?’. When you do, it becomes clear what the right path to take is,” the legendary DJ added.

Soon pic.twitter.com/pmxxPCjPnG
— Charles Hoskinson (@IOHK_Charles) September 27, 2021

The Djenerates collection of NFTs will be a cross-chain NFT brand and the NFTs feature the likes of famous DJs such as Sven Väth, Blond:ish, Anfisa Letyago, Dubfire, Carl Cox, Paul Oakenfold, Paul Val Dyk, Benny Benassi, Marco Faraone, and the Stafford Brothers. It also features random clubbers, ravers, bar staff, door staff, and dancers.
“Working alongside [Starship] Universe to bring the 1st generative NFT drop to Cardano is an exciting opportunity for Djenerates,” Hipworth, the founder of Djenerates said.
What do you think about the Djenerates collection of NFTs and the upcoming Paul Oakenfold album NFT? Let us know what you think about this subject in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, djenerates.com

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Cardano Summit Begins Tomorrow, Here’s What You Should Know

Cardano Summit Begins Tomorrow, Here’s What You Should Know

The Cardano summit is scheduled to begin tomorrow, Saturday, September 25th. The summit is scheduled to run for two days, the 25th to the 26th, and promises to be a one-of-a-kind event. Meetups are available in six locations around the world. But the summit will feature both live and virtual events where anyone from around the world can attend. Local groups are also available with community-led events.
Events at the Cardano summit are split by the worlds they fall into. Currently, the summit features seven different worlds in which individuals can choose to participate in. These worlds include Cardano World, Utility, Impact, Governance, Adoption, Catalyst, and Community.
Related Reading | Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed
The Cardano community is still giddy with the recent launch of smart contracts capability on the network, and with good reason. This summit promises some bigger announcements following this incredible feat. Details of what might be expected from the team are still sparse. So right now, it really is a waiting game as the opening of the summit draws closer.
The partly virtual event features avatars for participants to communicate with one another. While also featuring notable keynote speakers from the crypto space that will speak throughout the two-day summit. In addition to these will be the availability of limited edition NFTs minted on the blockchain to be collected throughout the summit. Founder Charles Hoskinson will provide the live opening keynote across all seven worlds to mark the beginning of the summit.
Hydra 2, DeFi, And The Cardano Network
Cardano recently announced the launch of the Hydra Layer 2 solution that will enable developers to build and deploy their decentralized apps (DApps) in a safe and secure environment. With the launch of Hydra, Hoskinson tweeted that more information will be available about the solution at the summit.
More information about decentralized finance (DeFi) protocols launching on the network, with updates expected from decentralized protocols like Minswap and SundaeSwap, which are both built on the blockchain.
Related Reading | Why Cardano Bull Trend Isn’t Over And 91% Increase Is Imminent, deVere CEO Nigel Green
Founder Charles Hoskinson celebrates how far the blockchain has come up until this point. “The Cardano summit 2021 follows the launch of smart contract capabilities on Cardano, and a remarkable six years of intensive development and perf-reviewed academic research to create a third-generation blockchain platform which is not only eco-friendly but provably secure,” the founder said.

ADA price trending above $2.1 | Source: ADAUSD on TradingView.com
Future exploits by the developer are expected to be announced at the summit. Alongside how the project plans to bridge the gap when it comes to decentralized finance. The summit is open to participants from all around the world and sign-up is free at https://summit.cardano.org/.
Featured image from Beinchain, chart from TradingView.com

Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed

Cardano Founder Charles Hoskinson Says The Term Smart Contracts Needs To Be Changed

Smart contracts have been in the crypto space for quite a while now, most recently debuting on Cardano. With the rise of decentralized finance (DeFi), smart contracts have become even more important to the entire industry. This is because they are required to build the protocols on which these decentralized applications (DApps) run on. As they have grown in popularity, smart contracts platforms like Ethereum and Solana have recorded great success with them.
Cardano has been working on bringing smart contracts to its network for a while and on September 12th, that dream became a reality with the final launch of the Alonzo Hard Fork Combinator (HFC). The arrival of smart contracts capability on the network was widely celebrated in the industry. But now, Founder Charles Hoskinson does not believe the term does justice to what Cardano actually does.
Related Reading | Why The Hydra Layer 2 Solution Is Important To The Cardano Network
The disagreement with the term smart contracts comes after a user pointed out that what Cardano does is actually very different from smart contracts. The user, @_KtorZ_, pointed out that the network deviates from what established smart contracts platforms do, referring to the network as “atypical.”

Compared to most existing smart-contract platforms, Cardano takes a much different road. Recently, we’ve seen a lot of discussions going on about “concurrency issues” and “EUTXO vs accounts”. While equally expressive, Cardano programmability is different and atypical.
— KtorZ (@_KtorZ_) September 18, 2021

Cardano Does Not Have Smart Contracts
Hoskinson posted a tweet wherein he agreed with the user pointing out that the term smart contracts do not do justice to what the platform does. Instead agreeing that a new term is needed instead of smart contracts to describe the network’s capabilities. This new term which the founder had agreed with is programmable validators. Agreeing with the user who pointed it out, this term better describes Cardano’s programmability.
Related Reading | Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents

Matthias gets it absolutely right. Programmable validators instead of smart contracts https://t.co/8VVESJ8MYU
— Charles Hoskinson (@IOHK_Charles) September 19, 2021

ADA price falls to $2.1 range | Source: ADUSD on TradingView.com
Explaining further, the user pointed out that unlike existing platforms like Ethereum and Solana, one could not just deploy a smart contract on Cardano. “Instead, validators are implicitly referred to by hashes prior to their use, and they are disclosed upon activation,” the user said. Meaning that the validators do not produce anything on the network. All they actually do is “just validate.”
In closing, KtorZ explained that the term “smart contracts” felt like an imprecise term. “I’d prefer more specific terms such as ‘on-chain validators’ and ‘off-chain code.’ If anything, ‘smart-validators’ sounds already much better to me,” they added.
Featured image from Coingape, chart from TradingView.com

Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents

Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents

Cardano has recently been in the news for all of the right reasons recently. The project just successfully launched the Alonzo Hard Fork Combinator (HFC) on Sunday and with it comes smart contracts capability for the network. Enabling a whole new world of decentralized finance to be built on the network. This has been founder Charles Hoskinson’s dream for the four years it has taken to get here.
The founder took to Twitter to celebrate this monumental feat, which he referred to as the new era of Cardano. “Tomorrow is the big day! We are entering a new Era of Cardano,” the tweet read. The community engaged with Hoskinson on Twitter following his tweet. The replies sported both support and questions from inquiring community.
Related Reading | Cardano Network Upgrade And Hard Fork Gets Support From Binance
Removing The Need For CEOs And Presidents
Responding to an overly optimistic reply from a supporter, Hoskinson made a surprising revelation. The tweet had congratulated the founder for the Cardano upgrade, but referred to Hoskinson as “future POTUS 2032.” Hoskinson then responded saying that he had no desire to be president since he had no taste for politics. Going on to add that the point of his career was actually to remove the need for presidents and CEOs.

This is wishful thinking. I have no desire or taste for politics. The entire point of my career is to remove the need for CEOs and presidents. Then I can retire and ranch bison
— Charles Hoskinson (@IOHK_Charles) September 12, 2021

Related Reading | Cardano Successfully Deploys Alonzo HFC, But Why Is Price Down?
It’s not exactly clear how Hoskinson plans to completely eliminate the need for presidents and CEOs but the statement has been well-received by community-backers, who have gone on to hail the founder as a true leader.
Cardano Ready For The Future
Smart contracts are now finally a reality on the Cardano network. Developers who have worked tirelessly for the past four years on the project have finally gotten to the finish line. As the entire team celebrates the finish line of one project, it ushers in the start of another. With smart contracts functioning as intended and developers getting ready to launch their decentralized applications (DApps) on the network, the team behind Cardano prepares to take on an even bigger project.
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The topmost priority now is to maintain security for the project with all of the new development happening on the network. This includes making sure that the ecosystem is safe enough for users to trade on. While also maintaining a developer-friendly environment for devs to build upon.
Cardano also boasts a robust NFT ecosystem, with over 780,000 tokens already minted to date and more than 19,000 policies. The HFC launch readies Cardano to go head to head with other leading decentralized finance platforms.

ADA price trending in the $2.3 range | Source: ADAUSD on TradingView.com
Featured image from The Daily Hodl, chart from TradingView.com

Cardano Offers Up To $10,000 For Network Vulnerabilities In Bug Bounty

Cardano Offers Up To $10,000 For Network Vulnerabilities In Bug Bounty

Cardano is getting ready for the release of smart contracts capability on September 12th. To this end, the Cardano Foundation is taking steps to make sure that there are no vulnerabilities in the network ahead of launch. A new partnership will help to facilitate this, while also engaging the broader community to take part in making sure that the beloved ecosystem is as safe as possible.
Cardano Foundation, in conjunction with HackerOne, recently released a bug bounty program. This program aims to reward hackers for any vulnerabilities that they may find in the network. Bug bounty programs incentivize hackers to find and report vulnerabilities in a network instead of exploiting them for personal gain.
Related Reading | Cardano (ADA) Getting Ready For A $3 Retest?
Why A Bug Bounty Program Is Important
There is no doubt that for an ecosystem as vast as Cardano, its team alone cannot find out all of the vulnerabilities in the network. This is where bug bounty programs come in. It draws in the wider hacker community to help find as many vulnerabilities as possible.  The partnership with HackerOne will draw in its large base of hackers, with over 250,000 vulnerabilities already found and reported by its hackers.
Related Reading | Cardano (ADA) Founder Responds To Criticism Over New Crypto Partnership
Ahead of its biggest project launch yet, the foundation is committed to making sure that the entire network is secure for use once it starts onboarding the general public to the mainnet with smart contracts capability.
“Cardano is a leading blockchain ecosystem that aims to enable integrated blockchain solutions globally. It is our duty to maintain the highest standards and commitment to code transparency and reliability to ensure that the protocol remains viable for mission-critical applications delivered around the world from individuals, start-ups, enterprises, financial institutions, and governments alike.” – Jeremy First, Project Manager, Cardano Foundation.
Keeping Cardano Blockchain Safe
Finding bugs through ethical hackers is one of the most efficient ways for any organization to fish out vulnerabilities in its network. Projects like Cardano will usually use automated scanners to check for vulnerabilities in the networks. But bugs that are ‘chained’ together cannot be detected by these automated scanners. This is where human hackers come in.
Related Reading | Crypto Analyst Lays Out ADA Pathway To $4
Ethical hackers use creative thinking to identify places where these ‘chained’ bugs may reside and then report them to be fixed. So something an automated scanner would not catch, an ethical hacker, through the HackerOne bug bounty program, would find and then report. Increasing the safety of the network.
Rewards for the bug bounty are separated into four different levels; low, medium, high, and critical. The bug bounty is also separated into two groups. Bugs can either be reported in the Cardano Wallet or the Cardano Node. The rewards range from $300 for low priority bugs in the Wallet to as high as $10,000 for the critical level bugs in the Node, which will be paid in its native token ADA.

ADA price continues to trail $2.8 | Source: ADAUSD on TradingView.com
Featured image from The Cryptonomist, chart from TradingView.com

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