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- 🎉 A Warm Welcome to Dr.Han on Gate Square!
Dr.Han — Founder of Gate and a seasoned crypto industry observer — is now officially sharing insights on Gate Square!
📢 Follow Dr.Han and like or comment on his latest post for a chance to win!
👉 Post: https://www.gate.com/post/status/11966645
👉 Profile: https://www.gate.com/profile/Dr_Han
🎁 Giveaway Alert:
We’ll randomly select 10 lucky users from those who follow + like/comment to receive a limited-edition Gate T-shirt — the same style worn by Dr.Han!
(If shipping is unavailable in your region, a $50 Futures Voucher will be provided instead.)
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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event is Live!
Share Alpha trading highlights screenshots with #Gate Alpha Trading Share# to split $100!
🎁 10 lucky users * 10 USDT each
📅 July 4, 4:00 – July 20, 16:00 UTC+8
Don’t forget—the main Alpha Points Carnival prize pool is up to $1,000,000!
Trade and post for double the chances to win!
Learn more: https://www.gate.com/announcements/article/45908
- 🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
- #GateSquareGiveaway# - Spot the Differences 👀
GM ☕ Our frog friend has two slightly different mornings—can you find all the changes?
💰 $10 Futures Voucher * 5 winners
To join:
🔹Follow Gate_Square
🔹Like this post and drop your answer in the comments
📅 Ends at 16:00 PM, July 7 (UTC)
Cardano Unveils Major Marlowe Update in Scaling Push for Hydra to Achieve 1,000,000 TPS – Could ADA Reach $0.40 in August?
In a groundbreaking revelation, “@InputOutputHK” recently shared that Cardano’s #Marlowe team is diligently working to upscale Marlowe Runtime, Marlowe Playground, and Marlowe Explorer. This update stands as proof of Cardano’s unwavering dedication to evolution and its continuous commitment to provide optimal value to its user base.
Marlowe’s Development Momentum
The core team, as highlighted by the Input Output Hong Kong (IOHK) update, is concentrating on enhancing Marlowe’s runtime to introduce a broader spectrum of features. They are also refining the protocol’s playground and its associated explorer. Such progress showcases the dynamic nature of the Cardano developer eco, which remains poised to consistently revamp the protocol.
Despite its remarkable innovations and offerings, in terms of actual on-chain achievements, Cardano lags behind giants like Ethereum (ETH) and Solana (SOL) in the smart contract domain. Ethereum’s decentralized finance (DeFi) total value locked (TVL) stands at an impressive $22 billion, whereas Cardano’s TVL is at a comparatively modest $162 million.
However, Cardano is not resting on its laurels. The ongoing Marlowe enhancements aim to bolster the growth of decentralized applications (dApps) on Cardano. Furthermore, other initiatives, such as Hydra, could potentially tip the balance in Cardano’s favor over time. Hydra, a Layer 2 scaling solution, has parallels with Ethereum’s zkSync, Arbitrum, and Polygon zkEVM. Cardano’s vision remains clear: spur unique innovations to amplify enterprise adoption and drive extensive usage.
The crypto world was recently stirred by Cardano’s introduction of its enhanced Hydra scaling solution. Sebastian Nagel, a notable Cardano developer, broke the news about the launch of Cardano Hydra v0.12.0 via X (formerly Twitter).
The Hydra v0.12.0, which debuted on the mainnet on July 30th, symbolizes Cardano’s ambition to perfect the synchronization of its nodes, with a focus on greater intuitiveness and developer-centric functionalities.
Diving into the Upgrade
Hydra v0.12.0 offers seamless compatibility with the Cardano Node v8.1.2 client, and further aligns with the Mithril protocol, an innovation from Input Output Global (IOG). Beyond compatibility, the new Hydra version extends its capabilities for Application Programming Interfaces (APIs). Introducing new API endpoints, the layer-2 scaling solution is set to become even more enticing to Web 3.0 developers and researchers.
In addition to the introduction of new elements, Cardano focuses on perfecting existing features. The Hydra upgrade showcases optimizations that enhance its on-chain operations. Considering its trajectory, Cardano’s Hydra is set to reach many more milestones in the imminent future.
For a deeper dive into this release, enthusiasts can look forward to the upcoming Rare Evo 2023 convention in Denver, Colorado.
ADA’s Price Implications
Historically, ADA has responded positively to major Cardano upgrades. Just as the launch of the Aiken toolkit led to a 6% spike in ADA’s price, the recent Hydra v0.12.0 release saw ADA’s price increase by 1.51% within 24 hours, trading at $0.2681. Given this momentum, there’s speculation in the crypto community regarding ADA’s potential to reach $0.40 in August. Only time will tell.
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