Crypto News

Ledger Adds Support for 100 Cardano Native Tokens

Leading {hardware} pockets supplier Ledger has expanded assist for the Cardano ecosystem, permitting customers to handle 100 such native tokens on their Ledger Live app whereas leveraging the safety of the Ledger Nano.

Ledger Expands Support for Cardano

As the identify suggests, Cardano native tokens are belongings constructed on the Cardano blockchain. These belongings behave the identical means as ADA in most methods and profit from the community’s options. However, ADA is the principal foreign money on Cardano used for particular functions, similar to paying transaction charges.

According to the announcement, the newly added cryptocurrencies embrace, amongst others, ADAX, DANA, DRIP, FIRE, and CLAP. Ledger famous that the tokens weren’t chosen based mostly on their market capitalization however by the variety of transactions carried out over a given interval.

There are over 5 million tokens within the Cardano ecosystem. The community permits builders to create and distribute native tokens with out writing customized code or costly good contracts. The {hardware} pockets producer hinted that extra Cardano native tokens could be listed sooner or later.

“100 native Cardano tokens just made their way to your Ledger Live app… There are many more Cardano tokens, but for now, we decided to support these 100 tokens first,” the company stated.

Meanwhile, the brand new itemizing comes only a month after Ledger added full assist for Cardano, permitting customers to ship, obtain, and handle ADA instantly from Ledger Live.

Cardano Sees Network Growth

Despite the market downturn over the previous few months, the Cardano ecosystem has seen important development in on-chain exercise.

In June, on-chain transactions on Cardano reached a document 44.8 million, greater than 5% increased than the overall recorded in May. The blockchain additionally noticed a spike in native belongings and ADA addresses, reaching 5.4 million and three.42 million, respectively.

Cardano’s Vasil Hard Fork Postponed

Meanwhile, earlier in the present day, CryptoPotato reported that Cardano’s long-awaited Vasil arduous fork had been postponed for the second time.

Although the brand new date for the improve continues to be unknown, Kevin Hammon, Technical Manager of Input Output Global (IOG), stated the project’s builders are nonetheless testing and fixing to make sure the whole lot is in place when the improve lastly goes stay.

The Vasil arduous fork, designed to extend the community’s scalability, falls below the Basho period of Cardano’s Roadmap.

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