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  • Graph Blockchain (GBLC) has deployed C$300,000 into Cardano's ADA token for proof of stake mining
  • Charles Hoskinson, co-founder of Ethereum, developed Cardano to improve blockchain scalability, interoperability and sustainability
  • This year Cardano will introduce technology for laypeople to write their own smart contracts
  • Graph Blockchain is a development company that provides high-performance blockchain solutions
  • Graph Blockchain (GBLC) is up 4 per cent and is currently trading at C$0.13 per share

Graph Blockchain (GBLC) has deployed C$300,000 into Cardano's ADA token for proof of stake mining.

The proof of stake method selects users to validate blockchain transactions based on the number of tokens they hold.

Charles Hoskinson, the co-founder of Ethereum, developed Cardano to improve blockchain scalability, interoperability and sustainability.

Cardano is built on peer-reviewed research and hosts one of the strongest followings in the crypto community.

This year, Cardano will provide new natively supported tokens, including functionality for non-fungible tokens, smart contracts and development tools that give people with no technical knowledge the ability to write their own smart contracts.

Paul Haber, CEO of Graph Blockchain, commented,

"We are exceptionally excited to be deploying funds into our second token purchase. We anticipate that we will be making further purchases shortly to further tokenize our cash position and diversify our growing crypto portfolio.

Graph believes that in 2021 there is the potential for smart contract platforms to implement solutions to facilitate mass adoption on decentralized blockchains. Cardano is widely believed to be just the project to accomplish this, and Graph is excited to add ADA to the company's list of supported projects."

Graph has also granted incentive stock options to directors, officers, advisors and employees to purchase up to 12 million of its common shares. The options are exercisable at C$0.125 per share and will expire two years from the date of granting.

Graph Blockchain is a development company that provides high-performance blockchain solutions, including data analysis, consulting services and data implementation.

Graph Blockchain (GBLC) is up 4 per cent and is currently trading at C$0.13 per share as of 9:36 am ET.

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