According to a recent update, Cardano (ADA), the ninth-largest digital currency by market capitalization, is up and running again on the cryptocurrency exchange, Bittrex.
In the announcement shared on Twitter, the co-founder of Bittrex exchange, Richie Lai, stated that ADA holders can now start making deposits and withdrawals.
The exchange apologized for keeping the Cardano community members waiting for too long before getting the wallet back on track, adding that the ADA wallet could still be back in maintenance mode if issues are noticed.
According to the exchange, the latest development is the result of the combined effort of Bittrex and Cardano team of developers.
Bittrex exchange tweeted, “Yes it has happened… ADA wallet open and processing deposits and withdrawals again. Apologies for the incredibly long delay and thank you to the Cardano team for working with us… if issues arise, we will put the wallet back in maintenance.”
Community Heading Into a Fresh Cardano Epoch
In another update shared via IOHK official Twitter handle, the tech firm revealed that the community is heading into a fresh epoch.
The report says, “Soon we’ll be heading into a fresh Cardano epoch. Meaning it’s time to decentralize by another couple of clicks. In epoch 220, 36% of blocks will be minted by community pools. And just 5 days from now, we’ll move to 38%. Thanks as always to the SPO community.”
What is Cardano Epoch?
In a simple term, ouroboros divides physical time into epochs that are made up of slots, which are fixed periods of time. Slots can be compared to working shifts at a factory.
In the case of Cardano, the time range covered by slots are different and can be modified within the algorithm. Epochs are designed to work in a circular fashion. As soon as one ends, another goes live on the network.
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