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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice, and is solely the writer’s opinion. It’s been a good few weeks for Cardano. ADA has surged on the charts on the back of the general market’s bullishness. That’s not all, however, with Cardano doing well on the ecosystem front too. Consider this – It was in the news recently after its whales conducted transactions worth $1.5 billion in just 24 hours. With the total value of Cardano’s DeFi ecosystem also nearing $450M, it’s probably a good time to take a closer look at the crypto. Cardano concluded its 2023 Summit in Dubai last month. As is usually the case, at the time, the project’s co-founder Charles Hoskinson shed light on some crucial matters on the sidelines of the event. While no major updates were launched, there was much to be optimistic about for everyone involved. Specifically, Hoskinson underlined the importance of building a unique global governance system acceptable to global authorities. Notably, he claimed that an alternate legal system around the smart contracts ecosystem can be built, one recognized by institutions from across the world. Hoskinson is unusual on that front, especially since he comes across as very conciliatory towards the authorities, when compared to his other contemporaries in the crypto-space. Even so, Hoskinson’s concerns are critical for us to understand how the crypto-industry is trying to develop a global governance and legal infrastructure in the face of a myriad of regulatory actions across the world. The likes of Binance and Coinbase have found themselves at the end of these actions. Ergo, clarity is essential at this point in time. Let’s dive right into the history of the cryptocurrency that remains one of the most popular proof-of-stake (PoS) based projects. Cardano—a PoS warrior After…

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Filed under: News - @ December 17, 2023 2:08 pm