The Cardano network underwent the Mary hard fork. The upgrade opened the possibility of creating native tokens, similar to the ERC-20 standard on the Ethereum network.
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Today, following the successful #maryhardfork we have begun a new era of native tokens on #Cardano. And this is just the beginning #Goguen $ADA
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Keep track as new native tokens get minted by our developer community, courtesy of our friends over at https://t.co/k2vFyIeNKw pic.twitter.com/GTWgHy3wA3
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— Input Output (@InputOutputHK) March 1, 2021
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The IOHK chief, Charles Hoskinson, in the announcement called the Mary hard fork “historic.” He said the upgrade was preceded by a month of testing.
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Mary is an important milestone on Cardano’s Goguen phase, with smart-contracts support and the ability to create decentralised applications.
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According to Token Tool, the Cardano network hosts 1,432 tokens, though most were created for research purposes.
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The news of the hard fork did not trigger a notable market reaction. In the last 24 hours, Cardano’s price declined by 7.6%, according to CoinGecko. The asset remains third by market capitalization after the all-time high on February 27.
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Earlier, on January 27, Grayscale Investments filed applications to register six new trusts, including one based on Cardano.
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