Cardano ADA News: IOG Unveils Ouroboros Leios, Positioning Cardano as a Potential Industry Leader in Blockchain Speed
| Download App for Android | Download App for iOS |
Input Output Global (IOG) has announced details about its new consensus mechanism, Ouroboros Leios, hinting at a significant speed boost for the Cardano blockchain.
Cardano Set To Become One Of The Fastest Cryptocurrencies With New Consensus Innovation
Input Output Global (IOG) has shared new details about its novel consensus innovation, Ouroboros Leios, which could potentially make Cardano one of the fastest blockchain platforms in the industry. Senior Prototyping Engineer at IOG, Brian Bush, explained that Ouroboros Leios introduces two new categories of blocks designed to function alongside the existing Ouroboros Praos blocks, significantly enhancing transaction throughput.
Cardano Price Breaks Out Of Bullish Pattern As Inflows Hit 2-Month High
Cardano price has broken out of a bullish pattern as inflows hit a 2-month high. Long-term holders (LTHs) are continuing to hold their positions, potentially pushing the price higher and leading to a surge. The Mean Coin Age metric signals that LTHs are holding onto their ADA, highlighting their conviction in Cardano's long-term value. With supply remaining constrained, this could create upward pressure on the price, setting the stage for a further breakout.
Cardano (ADA) Price Falls as Crypto Market Continues to Slump
The cryptocurrency market has continued its downward trend, with Bitcoin (BTC) falling to the $95,000 price level. Cardano (ADA) has also followed this trend, with its price dropping 3.6% in the daily charts and 25.8% over the previous month. Despite the recent dip, ADA's price has risen by 3.4% in the 14-day charts and 22.2% since February 2024. The global crypto market cap has slid 3.3% in the last 24 hours to $3.27 trillion. The latest market dip is attributed to the controversy surrounding the Libra memecoin, deemed a pump-and-dump scheme and dubbed 'Libragate'.
Cardano’s 50% Tax Cut Proposal Could Boost ADA Price
Cardano (ADA) community has proposed a reduction in the network’s treasury tax from 20% to 10%, which could potentially drive positive price action for ADA in the coming days. The proposal comes as Cardano prices declined 8% on Tuesday due to bearish market sentiment, stabilizing at $0.74. Despite the recent correction, market reports suggest that the tax cut proposal could be a catalyst for a price recovery.
Cardano Price Breaks Below $0.75, Tracking Ethereum’s Losses
Cardano (ADA) price broke below the $0.75 support level on Tuesday, tracking losses in Ethereum and the broader crypto market. The price action of Cardano and Ethereum has been similar since the start of 2025, with a correlation coefficient of 0.88. Despite the recent correction, market observers are watching closely to see if Cardano can rebound from these losses.
