UAE police will use the Cardano blockchain network to share criminal identities with international police.
Cardano is a popular proof-of-stake (PoS) crypto network primarily known for its development work. This blockchain project was founded by Charles Hoskinson. Hoskinson began working on the Cardano project in 2015 after leaving the Ethereum project due to conflict with another Ethereum co-founder, Vitalik Buterin. Unlike other cryptocurrency projects, Cardano’s founders did not use any kind of promotional means to create hype for Cardano.
On March 10, 2024, Chris O., popularly known as @TheOCcryptobro on X, informed his followers that UAE police would use the Cardano blockchain to store and share crime data.
The Cardano blockchain network ensures that no one can temporarily/modify your data. In this way, the Cardano network shares criminals’ identities and other relevant data with enforcement agencies around the world, including the UAE Police.
This is huge news for Cardano adoption at a real-world level, and perhaps this news will help Cardano attract more investors for its native token ADA.
In September 2021, Cardano developers successfully introduced smart contract functionality to the Cardano network. To date, 155 cryptocurrency projects have been launched and over 1300 projects are in development.
The Cardano project always lacks media attention because most media platforms are backed by venture capital (VC) funding and the Cardano founders have never received investment from any VC for Cardano.
Hoskinson has repeatedly claimed that VCs spread negative news about Cardano because they did not get investment opportunities in the Cardano project.
There is a price
The current trading price for ADA Coin is $0.74, which is 145% higher in the last 12 months.
The all-time high price of ADA coin is $3.1, and cryptocurrency analysts believe that the coin’s trading price will surge to $10 during this bull market.
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