Cardano Flexes Its Muscles: 8 Transactions, 1600 Recipients at Just $2.38 Fees

Quick Summary:

This demonstration of scalability and affordability was highlighted by Charles Hoskinson, the creator of Cardano, when he reposted an X (formerly Twitter) post originally shared by Dedium, a Cardano-based decentralized GPU computing network.

In a single block, the Cardano blockchain processed eight transactions for 1,600 recipients with just $2.38 in fees.

This showcases Cardano’s potential […]

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Article Details

Author / Journalist: Parth Dubey

Category: Crypto

Markets: India

Topics: Cardano (ADA) News Market Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 08:05:00 (1 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 143 words

Reading Time: 1 minutes read

Sentences: 47 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22720081

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #124

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