Cardano has returned as one of most actively traded by top whales
Sebastien GuillemotCTO and co-founder of dcSpark, shared a rare use of the Cardano smart contract that may become possible after the Vasil hard fork upgrade.
The rare usage pertains to “pause-able” contracts, which need a reference input that contains an NFT with an open minting policy. If the dApp author wants to “pause” the contract, the NFT is burned and then reminted when the need to “unpause” arises.
Similarly, a stateful contract where the UTXO of the NFT contains a paused state as inline data does not need an open policy and allows the contract to be flushed after it is paused could also serve this purpose. objective.
The aforementioned inline datums and reference inputs are two of the enhancements that the Vasil hard fork will bring about. These include four different CIPs: CIP-31 (Reference Inputs), CIP-32 (Inline Datums), CIP-33 (Reference Scripts) and CIP-40 (Collateral Outputs).
Reference inputs (CIP-31) allow multiple dApps to be able to read from the same data at the same time, improving concurrency. Inline data (CIP-32), on the other hand, allows data to be saved on-chain instead of a simple hash, as Cardano currently does. Developers can interact more easily with the script because they don’t have to embed the data.
Cardano whales accumulate
Amid an accumulation drive, Cardano has returned as one of the most actively traded by the top whales. According to WhaleStats, ADA ranks in the top 10 by trading volume among the 1,000 biggest BSC whales in the last 24 hours. Also, the top 4,000 BSC whales are “hodling” $16,026,80 worth of ADA.
According to the CoinShares report, Cardano investment products saw inflows over the past week. ADA traded down 2.32% to $0.44 as investors pulled in gains after a rebound earlier in the day.
