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Cardano Developers Launch Mary Update With Native Token Support


A hard fork took place on the Cardano network Mary. The update opened the possibility of creating native tokens similar to the standard ERC-20 on the Ethereum network.

Head of IOHK Charles Hoskinson in announcement the hard fork called this step “historic”. According to him, the update was preceded by a month of testing.

What is Cardano?

Mary is a milestone in the third phase of Cardano’s development Goguen with support for smart contracts and the ability to create decentralized applications.

According to the Token Tool, 1,432 tokens function on the Cardano network, but most of them are created for research purposes.

The news of the hard fork did not generate a noticeable market reaction. Over the past 24 hours, the price of Cardano has dropped 7.6%, according to CoinGecko. The asset retains the third place in terms of capitalization after renewal of historical high on February 27.

As a reminder, on January 27, the asset management company Grayscale Investments filed applications for registration six new trusts, including those based on Cardano.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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