Mithril

Cardano

Worldcoin

<ul> 
 <li>Cardano (ADA) preparing for the mainnet release of Mithril, a stake-based signature scheme and protocol.</li> 
 <li>Mithril promises to enhance the speed and efficiency of nodes’, making the Cardano blockchain more efficient.&nbsp;</li> 
 <li>Cardano (ADA) daily price chart indicates a bearish trend,</li> 
</ul> 
In a highly anticipated move, IO Global (IOG), the tech firm behind Cardano’s research, is gearing up for the <a href="https://thenewscrypto.com/blockchain-news-cardano-founder-charles-hoskinson-reveals-rollup-strategy-updates/" target="_blank" rel="noopener noreferrer nofollow">mainnet release</a> of Mithril, a stake-based signature scheme and protocol aimed at overcoming major challenges in blockchain applications.&nbsp; 
In August 2022, the team released Mithril’s proof of concept and officially unveiled it in December. The project is now on the brink of making a <a href="https://twitter.com/InputOutputHK/status/1683414281763577858" target="_blank" rel="noopener noreferrer nofollow">significant impact</a> on the Cardano network. 
Mithril promises to significantly enhance the speed and efficiency of nodes’ syncing times, paving the way for a more streamlined and efficient Cardano blockchain. Additionally, the protocol’s focus on security and decentralized decision-making <a href="https://thenewscrypto.com/cardano-adds-smart-contract-to-bitcoin-utxo-model/" target="_blank" rel="noopener noreferrer nofollow">empowers users</a> to take full control of their data and transactions. 
Cardano as a two-story building. Where the first floor houses the cryptocurrency ADA and records transactions (Cardano Settlement Layer – CSL). The second floor hosts smart contracts and computational processes (Cardano Computation Layer – CCL), Mithril emerges as a powerful tool that bolsters the capabilities of the entire Cardano ecosystem. 
<h2 class="wp-block-heading" id="h-cardano-s-ada-responses">Cardano’s ADA Responses&nbsp;</h2> 
However, despite the impending mainnet release and the promising advancements Mithril brings, the native token ADA’s price has not reacted as expected. According to CoinMarketCap, ADA has <a href="https://thenewscrypto.com/ada-cardano-price-prediction" target="_blank" rel="noopener noreferrer nofollow">experienced a decline</a> of over 2.6% in the last 24 hours. At the time of writing, ADA traded at $0.3066 with a 24 hours trading volume of $203 million, soared over 13%. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
 <img decoding="async" width="1024" height="529" src="https://thenewscrypto.com/wp-content/uploads/2023/07/Cardano-ADA-Price-Chart-1-1024x529.png" alt="" class="wp-image-79433" srcset="https://thenewscrypto.com/wp-content/uploads/2023/07/Cardano-ADA-Price-Chart-1-1024x529.png 1024w, https://thenewscrypto.com/wp-content/uploads/2023/07/Cardano-ADA-Price-Chart-1-300x155.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/07/Cardano-ADA-Price-Chart-1-768x397.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/07/Cardano-ADA-Price-Chart-1-150x77.png 150w, https://thenewscrypto.com/wp-content/uploads/2023/07/Cardano-ADA-Price-Chart-1.png 1299w" sizes="(max-width: 1024px) 100vw, 1024px"> 
 <figcaption class="wp-element-caption"> Cardano (ADA) Price Chart (Source: <a href="https://in.tradingview.com/symbols/ADAUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a>) 
 </figcaption> 
 </figure> 
</div> 
Further, Cardano’s daily price chart indicates a bearish trend, with the current price remaining below the 50-day exponential moving average (50 EMA). Additionally, the daily Relative Strength Index (RSI) shows that the cryptocurrency is nearly in oversold state. 
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Cardano (ADA) Gears up for Mithril Mainnet Upgrade: What’s Changing?

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