• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

The Subsequent Massive Factor: Why Cardano Founder Needs To Group Up With Kraken

SB Crypto Guru News by SB Crypto Guru News
November 13, 2023
in Crypto Updates
0 0
0
The Subsequent Massive Factor: Why Cardano Founder Needs To Group Up With Kraken


Cardano founder Charles Hoskinson has expressed a need to work with Kraken, one of many largest crypto exchanges on this planet. This comes because the Layer 2 blockchain market is heating up and main gamers within the house are delving into creating their very own L2s.

Cardano Founder Needs To Construct An L2

Final week, information broke that Kraken, a US-based crypto alternate, is trying to construct its personal Layer 2 blockchain. The reviews which cited individuals conversant in the matter stated that the alternate is but to resolve what community to companion with to appreciate this dream.

In step with this, Cardano founder Charles Hoskinson revealed his willingness to work with the alternate in an X (previously Twitter) publish. The publish which included a hyperlink to a report that Kraken continues to be scouting for community companions included a tag of Kraken co-founder Jesse Powell, saying “I’m recreation if you’re.”

I’m recreation if you’re https://t.co/Zryh679fMl@jespow PM me

— Charles Hoskinson (@IOHK_Charles) November 12, 2023

The transfer by Kraken comes simply months after one other US-based crypto alternate Coinbase launched its personal Layer 2 community known as Base. This regarded to have sparked fierce competitors between these heavy-weight exchanges and Kraken is stepping up its recreation in response.

If Kraken does transfer ahead with Cardano, they may find yourself constructing a facet chain that might run parallel to the community. An instance of that is Hydra developed by IOHK, the developer behind Cardano, which is a Layer 2 community that makes use of isophormic state channels that make up what’s known as ‘heads’. This fashion, Hydra features as a Layer 2 community permitting for sooner speeds, decrease charges, and higher scalability and throughput.

Can Kraken Competed In The Saturated Layer 2 Blockchain Area?

The Layer 2 blockchain market is already packed filled with established gamers and if Kraken have been to develop its personal Layer 2 community, there is no such thing as a doubt it could be coping with a whole lot of competitors. One in all these gamers, Coinbase, is already a direct competitor, and including a Layer 2 community would improve the competitors between the 2.

For instance, the Base community has already seen its Whole Worth Locked (TVL) rise to $349 million in a matter of months and continues to be on the low finish. Older L2 gamers equivalent to Avalanche, Polygon, and Arbitrum all at the moment boast TVLs above $1 billion, with over 500,000 each day energetic customers between the three of them. Along with this, there may be a whole lot of competitors amongst L1s which at the moment dominate the market.

Nonetheless, Kraken, which is ranked because the third alternate on this planet with the very best belief rating, in keeping with knowledge from CoinMarketCap, may very well be as much as the duty, the identical method Coinbase did with Base.

The Subsequent Massive Factor: Why Cardano Founder Needs To Group Up With Kraken

ADA value falls to $0.367 | Supply: ADAUSD on Tradingview.com

Featured picture from Watcher Guru, chart from Tradingview.com





Source link

Tags: BigBitcoin NewsCardanoCrypto NewsCrypto UpdatesFounderKrakenLatest News on CryptoSB Crypto Guru NewsTeam
Previous Post

Crypto Knowledgeable Reveals One Main Purpose The XRP Worth Will Do Effectively In The Bull Run

Next Post

Landsbankinn Selects Meniga to Convey Open Banking Capabilities to Iceland

Next Post
Landsbankinn Selects Meniga to Convey Open Banking Capabilities to Iceland

Landsbankinn Selects Meniga to Convey Open Banking Capabilities to Iceland

  • Trending
  • Comments
  • Latest
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
FTX EU (Now Trek Labs) Paid €200K in Latest CySEC Settlement

FTX EU (Now Trek Labs) Paid €200K in Latest CySEC Settlement

0
Bitcoin Miner Riot Produces 450 Bitcoin In June

Bitcoin Miner Riot Produces 450 Bitcoin In June

0
Cloudflare to Blocks AI Bots by Default

Cloudflare to Blocks AI Bots by Default

0
How to Deal With Negative Articles on Google

How to Deal With Negative Articles on Google

0
Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

0
Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

0
Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

July 5, 2025
Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

July 5, 2025
Nano Labs Buys  Million in BNB, Grows Digital Reserve to 0 Million

Nano Labs Buys $50 Million in BNB, Grows Digital Reserve to $160 Million

July 5, 2025
Squeeze a Whole Business Book into Your Lunch Break

Squeeze a Whole Business Book into Your Lunch Break

July 5, 2025
Crypto Market Cap On Track To .5 Trillion As Q3 2025 Unfolds

Crypto Market Cap On Track To $4.5 Trillion As Q3 2025 Unfolds

July 5, 2025
Bitcoin Price Could Resume Uptrend If 5,000 Support Holds — Here’s How

Bitcoin Price Could Resume Uptrend If $105,000 Support Holds — Here’s How

July 5, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.