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Taurus Includes Cardano, Including Staking Capabilities


www.cryptonewsz.com 15 September 2021 09:26, UTC
Reading time: ~2 m

Cardano has taken another giant stride in the digital assets market through its integration with the Swiss leader, Taurus. The well-known platform recently announced integrating Cardano (ADA) within its platform, alongside the staking capabilities.

The integration will support the Alonzo hard fork on Taurus that took place on September 12th. With the announcement, traders have started looking for a viable Cardano ADA price prediction to assess its price patterns in the short term.

Taurus users can now receive yield rewards on the Cardano network via Taurus-PROTECT. The platform is renowned as the best digital asset custody ecosystem in Europe. Moreover, Taurus will also assist Cardano with its blockchain connectivity framework, the Taurus-EXPLORER.

The integration came in the wake of the evident surge in PoS (proof-of-stake) consensus mechanism demand. The latest integration will help private, institutional, crypto, and online banks utilize Cardano via the Taurus framework.

Frederik Gregaard, Cardano’s Chief Executive Officer, talked about the development. According to Frederik, Cardano believes de-risking decentralization for institutional regulators and organizations is pivotal. Thus, the network is excited to join hands with well-established names like Taurus. In addition, Cardano aims to develop bridges, supporting every venture using blockchain-related technologies.

JP Aumasson, Chief Security Officer and Co-Founder of Taurus, also shared his opinion on the collaboration. JP stated that Taurus is delighted to incorporate Cardano and expand its proof-of-stake protocols. He went on to say that working with the Cardano team was pleasing, and the company looks forward to incorporating smart contracts shortly.

Founded in 2018, Taurus quickly became an established name in the blockchain and digital assets industry. The company is an industry leader in Switzerland and Europe. Similarly, Cardano is among the most well-known and promising names in the cryptocurrency sector.

Two projects of such caliber joining hands are sure to yield fantastic results for all parties involved. Taurus community has welcomed the integration, and the company also aims to expand the integration.

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