A prominent Cardano Blockchain backer has warned the monetary community that the Layer 2 scaling solution known as Hydra may not be as secure as they think. Are investor balances at risk? Does this justify the negative trend in Cardano price predictions?
In a long article about themselves.
In theory, Hydra Heads operators could collude and enter and sign invalid transactions without needing access to Cardano owners’ private keys, and YODA emphasized that “each signature update requires all Hydra Head operators to complete them using the access keys of the validators, not the users.” He added: “If these parties collude, they will be able to collectively sign defective transactions that will allow users’ balances to be distributed between them. »
Cardano Price Forecast: Bearish trajectory remains intact despite $4.00 level offering some support
Besides Dogecoin-DOGE, Cardano was one of the top 10 worst performing currencies this year, with total losses reaching 49% so far.
Although the daily chart shows a temporary support level at $0.40, Cardano price continues to follow a long downward trajectory with no signs of reversal. To reverse its downward trend, it must break the $0.52 barrier, otherwise it could experience a strong correction wave that pushes it to $0.32, which could expose the currency to a further loss of 25% of its value.
This comes as major digital currencies – such as Cardano – are struggling to record new price peaks during the current market cycle, while the IPO of a new digital currency called Maxi Doge-MAXI managed to raise funding worth over $4.28 million within weeks of the promising community meme currency’s IPO launch.
The new meme coin, Maxi Doge, is inspired by Dogecoin.
Maxi Doge, the new meme currency built on the Ethereum blockchain, aims to mobilize a community of like-minded “adventurous traders” who do not hesitate to make risky daily trades to achieve gains that grant them financial independence.
Through exciting events – such as the Maxi Gains and Maxi Ripped competitions – coin holders will compete to top the list of most profitable traders for rewards and recognition, and will also gain exclusive access to an exciting platform that will allow them to share… Ideas, strategies and analyzes And others, creating a vibrant society full of energy from rocket launches.
Finally, it is mentioned that 25% of the subscription proceeds will be allocated to investment in new projects full of growth potential, with the profits being used to finance the project’s marketing efforts to introduce its Maxi Doge currency.
To purchase the Maxi Doge coin during your current subscription, you can visit the official website of the Maxi Doge project and connect a compatible wallet – such as the Best Wallet – to its interface. You can then purchase it for Tether (USDT), Ethereum (ETH) or using Visa and MasterCard.
To visit the official website of the Maxi Doge project, click here
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