Cardano Foundation, the non-profit organization behind Cardano (ADA) has announced its partnership with Flipside Crypto, a blockchain analytics firm, to enable next-level on-chain data visibility for the Cardano protocol.
The new development was published on the Cardano official forum and shared with the Cardano Community members on Twitter a few hours ago.
According to the report, every block on Cardano is decoded in real-time into a universal data set through the proprietary Chainwalking™ process of Flipside Crypto. Using statistical and behavioral modeling, Flipside’s data science team will track and label the on-chain activity of Cardano.
“What if you could compare transactions and asset movements on Cardano against that of other blockchains? Cardano Foundation is using Flipside Crypto’s Chainwalking to enable next-level on-chain data visibility for Cardano.”
What if you could compare transactions and asset movements on Cardano against that of other blockchains? @CardanoStiftung is using @flipsidecrypto’s Chainwalking to enable next-level on-chain data visibility for Cardano.
Read the full story https://t.co/i3f1ThFa9f
— Cardano Community (@Cardano) September 15, 2020
The collaboration is expected to enhance the transparency of the Cardano network. It will bring about real-time transaction visualization, which will enable everyone involved in the ecosystem to understand the asset-flows, geographic activity, and behaviors of stakeholders on Cardano.
According to the report, “Going forward, Flipside Crypto will continue to Chainwalk™ every block added to the Shelley mainnet. Chainwalking™ will see raw blockchain events normalized and mapped out into a series of intelligence outputs in real-time. This data is beneficial for the Cardano blockchain, ada (₳) holders, exchanges, enterprises, and crypto enthusiasts alike.”
The collaboration will also give Cardano community the access to a new and highly specialized tool for objective technical analysis and exploration.
The full integration of Shelley testnet to mainnet will make the transparent data more useful. This will allow stakeholders to explore, arrange, and leverage blockchain information to accurately track volume, transactions, address counts, and impact of off-chain events on the Cardano ecosystem.
Reacting to the new partnership, the Chairperson of the Cardano Foundation, Nathan Kaiser, said:
“Flipside Crypto’s ability to Chainwalk™ every block and integrate them into external intelligence tools provide unparalleled insights and benefits to all stakeholders, as well as accelerates the value growth of Cardano. Detailed analytics as a result of this process, such as the growth of applications on Cardano, flows of ada, staking, and rewards, and core customers and users, gives an independent and transparent overview of the project’s holistic health.”
Join us on Twitter
Join us on Telegram
Join us on Facebook
HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.