The Top Trendy Stories in the Cardano Community in the Last 7 Days
- to launch the new, privacy-focused blockchain ‘Midnight’ & a token ‘Dust.’
- Algorithmic stablecoin DJED to go live on the Cardano mainnet next year after a successful audit.
- Venture capitalists vowed not to invest in startups related to the Cardano network.
The last seven days have been full of exciting events about the Cardano blockchain. Coin Edition presents the top developments within the Cardano community.
On November 18, the company behind the Cardano blockchain, Input Output Global (IOG), announced a new, privacy-focused blockchain called Midnight and a utility token called Dust to go along with the new network.
Charles Hoskinson, the CEO of IOG, stated Midnight, one of many side chains deployed around Cardano, would be underpinned by zero-knowledge-proof technology, attaining feats other privacy projects failed to achieve.
Additionally, Cardano would also launch a regulated algorithmic stablecoin called DJED. On November 22, the team behind the stablecoin announced that the DJED stablecoin would go live on the Cardano mainnet starting next year after a successful audit and rigorous stress testing.
It’s official! $Djed will launch on the Cardano Mainnet in January 2023! $Coti $Ada #Djed pic.twitter.com/cu8ryW6Lo7
— Djed Stablecoin (@DjedStablecoin) November 21, 2022
The Djed team pledged to back the DJED stablecoin in a one-to-one ratio against the United States Dollar using surplus…
