What is the Ariva cryptocurrency (ARV) and why has it risen so much?
The price of the cryptocurrency Ariva (ARV) has risen 758.55% in two days, mainly due to the launch of an Airdrop. In the last 3 days, the transaction volume has gone from less than $ 1 million to over $ 12 million. With the launch of the Airdrop today, the price and popularity of this altcoin has risen exponentially. As of press time, Ariva's price is $ 0.0002.
What is Ariva cryptocurrency
Ariva is a Blockchain development company platform aimed at the tourism and travel industry. The objective of the platform, as indicated on their website, is to transform the tourism sector through the three blockchain products they offer: Ariva.World, Ariva.Club and Ariva.Finance.
Sharp falls in the price of Bitcoin, Ethereum, Solana and Cardano
Ariva.World, its main service, is a decentralized travel portal based on the Binance Smart Chain.The portal is enabled so that users can make reservations through cryptocurrencies and so that they can earn crypto by sharing content. In addition, on the platform you can buy souvenirs with cryptocurrencies and it will also function as an exchange between fiat money and the cryptocurrencies accepted to buy products on the web: Bitcoin, BNB and ARV.
Ariva.Finance and Ariva.Club
Ariva.Finance is a Cryptocurrency-based payment gateway focused on the tourism sector. Companies that use this platform will be able to paste a QR on the counter and customers will pay by scanning it on their mobile phones. The gateway will be free (with commissions) and will accept the most popular wallets and cryptocurrencies.
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Ariva.Club is a blockchain-based social media platform focused on tourism. The portal will use a spam system that will filter the false posts and promote the true ones. Also, it will reward active authors for sharing their photos and blogs.
ARV and why it has risen so much
The ARV is a BEP-20 utility token. That is, a utility token that uses the Binance blockchain standard and blockchain development services. The ARV came out on September 1 and will serve as the payment currency for the services that the platform will offer. Likewise, according to the company's Roadmap, in the first quarter of 2022 they will build their own blockchain. Currently the token can be purchased on PancakeSwap,Probit,and XT.
The price of the token has risen in recent days due to the $ 50,000 Airdrop launched by the company. Ariva will distribute this money for free among the 20,000 participants who complete the actions required to participate. As is usual in token Airdrops, all actions are related to interacting with the company on social networks. Therefore, the impressive rise in popularity and price of the platform token is directly related to this Airdrop.
Next steps
The platform is still in a very early stage. The Ariva.World beta launch is planned for winter 2021. Ariva.Finance for the first quarter of 2022 and Ariva.Club for the second quarter. At the moment, there is only one web page with very little information, a whitepaper with the main ideas and an Airdrop.
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A new stablecoin is coming to the Cardano blockchain to provide a tool for decentralized finance operations (DeFi) and avoid transaction fees.
Cardano's payment gateway provider, Coti, will be the official issuer of Djed, a new DeFi-focused stablecoin for the Cardano network, Cardano founder Charles Hoskinson and Coti CEO Shahaf Bar-Geffen announced. Sunday at the Cardano Summit.
The new stablecoin will be based on an algorithmic design that uses smart contracts to ensure price stability and provide an instrument for DeFi transactions. The stablecoin is designed to pay transaction fees on the Cardano network in order to avoid 'volatile and exorbitant gas fees' and make transaction costs 'more predictable'.
According to Djed's research paper published in August, its stablecoin protocol will behave like an "autonomous bank that buys and sells stablecoins for a price in a range that is tied to a target price." The stablecoin will operate by maintaining a reserve of base currencies while minting and burning various other stable assets and reserve currencies.
According to Hoskinson, the Djed stablecoin could be a game changer in the crypto industry as it attracts an "entirely new audience at a time when the industry is already experiencing astronomical growth."
The news comes shortly after Coti partnered with Cardano's stablecoin hub Ardana to bring decentralized stablecoin payments to AdaPay, a Cardano (ADA) payment gateway that supports more than 30 fiat currencies.
Cardano launches smart contracts after successful hard fork
Cardano's long-awaited network update, Alonzo, is finally available. From this moment on, smart contracts are accepted, parts of the code that are executed independently under specific conditions. The company announced it in a tweet posted on September 13.
Cardano is an open source public blockchain development company by Input Output company and founded by Charles Hoskinson, who is also one of the creators of Ethereum. Cardano was first introduced to the community in September 2017 as a challenge to Ethereum's dominance in decentralized finance. As reported by the portal FXStreet - The Foreign Exchange Market , the new network has always been compatible with Ethereum and other blockchains.
What can be observed in the Cardano network after the hard fork?
After several months of successful tests on the testnet, the Cardano mainnet hard fork opens up the possibility of writing smart contracts with Plutus scripts, “a language and platform specially designed for executing smart contracts using the language Haskell Functional Programming ".
The developers are in no rush to announce the successful release of the updates. Rather, Input Output reminds the Cardano community that development is still in its early stages.
"Let's be clear. There will be difficulties along the way. The first user experiences may not be perfect. Some early DApps can have problems. There will be good and bad development teams. It is a decentralized blockchain development company that does not require access permission, so it is inevitable ", communicates Input Output on its blog.
In addition, the company warns users: “There are high expectations about this update. Some are unjustified. Cardano fans can expect a complex ecosystem of out-of-the-box DApps to emerge immediately after the update. We are trying to meet their expectations ”.
However, today fans of the Cardano hard fork will already be able to see a number of simple smart contracts, while other projects, which are currently in the development phase, will appear on the network in the coming months.
Upcoming team plans
"For Cardano, the team will continue to work on several enhancements, including synchronization and reducing the size of transaction scripts, in order to optimize network bandwidth," said Neil Davis, analyst at input output systems performance. "In fact, this is the first time that the network exceeds half a million transactions," he said during the YouTube party prior to the hard fork.
Cardano's native cryptocurrency ADA has fallen from its today's high of $ 2.79 (€ 2.37) to $ 2.43 (€ 2.06) at the time of this article's publication. According to CoinDesk data, ADA reached its all-time high of $ 3.09 (€ 2.62) on September 2, 2021.
The creators of Cardano consider that their main task is to preserve the positive aspects of the cryptocurrencies of the previous generations (the first, Bitcoin, and the second, Ethereum) and to solve their shortcomings, that is, the problems of scalability and power consumption. Therefore, the Alonzo hard fork is a necessary stage of its development. We will see soon if you can solve the indicated problems.