Cardano, a blockchain platform that aims to create a more secure and scalable infrastructure for the transfer of digital assets, has recently seen a surge in activity led by its whales. These large holders of Cardano's native cryptocurrency, ADA, have been engaging in transactions worth a staggering $13 billion. This surge in transaction volume is a clear indicator of the growing interest and participation of major investors in the Cardano ecosystem.
Despite facing a significant price correction as a result of market sell-offs, Cardano has managed to maintain its appeal and attract attention from both retail and institutional investors. One of the key factors contributing to Cardano's resilience is its energy-efficient Proof-of-Stake consensus mechanism. Unlike traditional Proof-of-Work systems that require substantial amounts of energy to validate transactions and secure the network, Cardano's Proof-of-Stake approach is more sustainable and environmentally friendly.
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