Cardano suffers temporary chain split from code bug, but ADA hangs on
NegativeCryptocurrency

- The Cardano blockchain experienced a temporary chain split on Friday due to an old software bug triggered by an abnormal transaction, raising concerns about the network's stability. Despite this incident, ADA, the native cryptocurrency of Cardano, has managed to maintain its value amidst the disruption.
- This development is significant as it highlights vulnerabilities within the Cardano network, which could undermine user confidence and affect the overall adoption of ADA. The incident underscores the need for robust software updates and better transaction handling to prevent future occurrences.
- The recent chain split is part of a troubling trend for Cardano, which has faced criticism for declining on-chain activity and liquidity issues. Analysts have labeled Cardano a 'ghost chain' due to disappointing network metrics, while ongoing governance disputes within the Cardano Foundation further complicate its operational landscape.
— via World Pulse Now AI Editorial System




