In this video, we take a look at the big updates for Cardano and the Waves founder taking on a mountain of debt.
Cardano, the open-source blockchain platform, is making some big changes. Recently, it announced its new Shelley upgrade. With Shelley, Cardano is transitioning from a federated network to a fully decentralized and self-sustaining network. This will make Cardano a truly decentralized platform, allowing users to participate in the network’s governance and rewarding them for doing so.
In addition to Cardano’s big changes, Waves founder, Alexander Ivanov, has taken on a mountain of debt. Ivanov has taken out a $500 million loan to fund the development of the platform. This loan is backed by the Waves token, which will be used as collateral. This move shows Ivanov’s commitment to the success of the platform and his confidence that the platform will continue to grow.
Overall, these are two big stories in the world of blockchain technology. Cardano is making a big step forward with its new Shelley upgrade, while Waves is showing its commitment to the platform’s success with the loan taken out by its founder.
