Cardano Achieves Historic Milestone With 10 Million Blocks Created

Cardano, the eighth-excellent cryptocurrency by market capitalization, has reached a historical milestone, with its total blocks reaching 10 million.

In a Feb. 29 tweet, X user Stakewithpride highlighted that the 10th million block for Cardano would almost as we declare be reached. This changed into expected to occur nowadays, March 1.

This milestone has now been reached, because the total series of blocks on the Cardano network is at 10,000,224, according to records from Cardano explorer Adastat. Blocks are batches of transactions which were confirmed and stored on a blockchain.

Cardano, esteem Bitcoin, is an unspent Transaction Output (UTXO) blockchain that makes employ of a particular accounting mannequin for its ledger, in preference to legend-primarily based mostly blockchains esteem Ethereum.

Cardano makes employ of an Prolonged Unspent Transaction Output (EUTXO) mechanism, launched with the Alonzo upgrade, to address multi-sources and tidy contracts.

Ouroboros is the consensus protocol for Cardano, a proof-of-stake protocol and the first blockchain protocol according to survey-reviewed analysis. Ouroboros selects participants – stake pools, on this case – to get original blocks according to the stake they hang a watch on on the network.

Cardano’s 10-million-blocks milestone comes amid bullish sentiment on the crypto market, as Bitcoin and diversified vital cryptocurrencies possess reached original highs. ADA, Cardano’s native cryptocurrency, has also performed smartly, soaring to highs of $0.70 closing viewed in Could maybe simply 2022 earlier than taking flight.

At the time of writing, ADA changed into procuring and selling down 1.11% at around $0.68, according to CoinMarketCap.

Cardano has viewed a surge of task and innovation on its platform, contributing to the 10 million block milestone being reached. In a present tweet, Ergo mentioned that 624,000 ERG were moved to Cardano, accounting for 0.85% of the circulating present.