<\/p>\n
Strica, a company working on solutions and use cases for the Cardano blockchain, unveiled a new feature<\/a> for the smart contract platform via their wallet, Warp Transactions.\u00a0 According to an official press release, described as a \u201cgame changer for token transfers,\u201d Warp Transactions were created to ease the burden of transaction fees paid when sending assets on this network.\u00a0<\/span><\/p>\n Usually, on Cardano<\/a>, every token transfer demands the sender to pay a minimum fee of 1.14 ADA to secure against network attacks. However, the Warp Transaction now offers an alternative for this mechanism.<\/span><\/p>\n Warp Transactions are based on the Unspent Transaction Output (UTXO) model. UTXOs refer to the small amount of digital currency after one executes a transaction.\u00a0<\/span><\/p>\n Now, Warp Transactions are considered a type of UTXO transaction. They use the receiver address\u2019s UTXOs to cover the minimum ADA fee required to process transactions on the Cardano network.<\/span><\/p>\n However, there is a clause that this new feature employs a multi-signature function. Therefore, the receiver and sender must sign off for any transaction to be completed and published on the blockchain.<\/span><\/p>\n Furthermore, while Warp Transactions may mark a new era for the ADA community, this feature is only available for users of the Typhon Wallet.\u00a0<\/span><\/p>\n Whenever a Warp Transaction is initiated, the receiving address is notified and given 24 hours to accept or reject the transaction.\u00a0 <\/span>During this period, the tokens are moved from the sender\u2019s wallet and are locked in a mempool, which acts as a \u201cholding area\u201d till the receiver approves or cancels the transaction. This mempool is managed by the backend of the Typhon Wallet.\u00a0<\/span><\/p>\n In other news, ADA, native token of the Cardano network, has been moving sideways over the last few days. According to data from CoinMarketCap, the altcoin has been stuck in a market ranging between $0.25 and $0.26 price zone since the start of September.\u00a0<\/span><\/p>\n Before this market consolidation, ADA had been on a downtrend<\/a>, losing about 12.9% of its value in August. <\/span>According to data from Coincodex<\/a>, the general sentiment around ADA remains bearish, with a Fear and Greed index of 41. <\/span><\/p>\n However, the prediction team projects that ADA will maintain its ranging market for now, reaching around 0.261 in the next five days. <\/span>At the time of writing, ADA trades around $0.256 with a 1.09% loss in the last day based on data from CoinMarketCap<\/a>. The token\u2019s trading volume is also down by 7.92% and is now valued at $104.7 million.\u00a0<\/span><\/p>\n<\/p>\n Featured image from The Independent, chart from Tradingview.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":" Strica, a company working on solutions and use cases for the Cardano blockchain, unveiled a new feature for the smart contract platform via their wallet, Warp Transactions.\u00a0 According to an official press release, described as a \u201cgame changer for token transfers,\u201d Warp Transactions were created to ease the burden of transaction fees paid when sending […]<\/p>\n","protected":false},"author":2,"featured_media":151790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-151789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151789"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151789\/revisions"}],"predecessor-version":[{"id":151791,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151789\/revisions\/151791"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151790"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Cardano New Feature Eliminates Sender Fees, But There Is A Clause<\/span><\/h2>\n
ADA Struggles For Market Breakout<\/span><\/h2>\n
ADA trading at $0.2557 on the daily chart | Source: ADAUSDT chart on Tradingview.com<\/a><\/pre>\n