Cardano Pushes No-Freeze Design As 16 Chains Enable Freezes

Bybit’s researchers found that whereas 16 blockchains presently embody direct or configurable fund-freezing capabilities, one other 19 networks might allow related options by minimal protocol changes. The report categorizes the freezing strategies into three key varieties: hardcoded freezing (e.g., BNB Chain, VeChain), configuration-based freezing (e.g., Sui, Aptos), and on-chain contract freezing (e.g., HECO).

A number of real-world circumstances spotlight the applying of those mechanisms. Sui froze $162 million following the Cetus exploit, Aptos launched blacklisting options after a safety breach, and BNB Chain used hardcoded restrictions to include a $570 million bridge hack. Earlier in 2019, VeChain froze $6.6 million price of stolen tokens.

Commenting on the findings, David Zong, Head of Group Danger Management and Safety at Bybit, said, “Blockchain was constructed on the precept of decentralization — but our analysis exhibits many networks are creating pragmatic security mechanisms to reply rapidly to threats.”

Cardano Response Stresses No-Freeze Design

Hoskinson reacted sharply, reposting the findings and emphasizing that “nobody can freeze your funds on Cardano or Midnight.” His response reinforces Cardano’s design philosophy centered on immutability and self-sovereignty, in distinction to the rising institutionalization of different networks.

The report concludes by urging blockchain initiatives to reveal any intervention or blacklisting capabilities transparently, noting that clear governance is essential to constructing long-term belief amongst customers and establishments.

Cardano (ADA) Value Forecast: Can Bulls Defend $0.55 Assist Zone?

Cardano (ADA) traded close to $0.5517 at press time, down 3.85% within the final 12 hours, as technical momentum weakened following rejection close to the $0.60 resistance degree.

The 12-hour chart exhibits ADA sliding under its mid-Bollinger band (20-SMA) at $0.5592, signaling fading bullish momentum. The decrease band sits close to $0.5165, a zone that has traditionally acted as a secure liquidity pocket for reversals. A decisive shut under $0.55 might invite a retest of this degree, whereas sustained strain may expose $0.50 as the following assist goal.

The Relative Power Index (RSI) at 41.6 suggests gentle bearish management however not but oversold situations, leaving room for both a short-term reduction bounce or additional decline.

A bullish state of affairs would require ADA to reclaim $0.56–$0.58 with sturdy quantity affirmation, opening the trail towards $0.6018, the place the higher Bollinger band presently caps upside makes an attempt.

Conversely, failure to carry the $0.55 pivot might speed up losses towards $0.52 earlier than stabilization makes an attempt emerge. For now, ADA stays range-bound, with merchants carefully watching whether or not Hoskinson’s decentralization stance can reignite investor confidence amid market volatility.