cardano transaction time

Metadata can act as a confirmation or assurance of authenticity when combined with off-chain infrastructure such as physical identifiers. These are specified initially in the genesis file for Cardano nodes. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (thats right, millions love us!) Build with transaction metadata | Cardano Developer Portal Thats because Cardano is the only blockchain that uses a Proof of Stake consensus algorithm. Inside each epoch, there are 21,600 smaller units of time called slots, or one slot every 20 seconds. The Proof of Stake protocols second layer solution is known as Hydra. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. The witnesses must sign the hash of the transaction body returned by hash_transaction(body). . Build, sign and submit transaction We know the output amount as well as the fee. Output2: The address that receives the change of the transaction. SoFi Crypto is offered through SoFi Digital Assets, LLC. This is also the reason why they did not build on the already existing chains in developing Cardano; instead, they went on to create a completely independent network from scratch. It can be difficult to compare both their performance on this end, since neither of them are completely operational. About 30 minutes ago, realising the wallet works, I then send the rest of my ADA to the Daedalus wallet, and again it says transaction complete on the exchange and it is not showing up on my wallet, I have a feeling this transaction is going to take 6 hours again. Are you sure you did send your money to the correct target address? Strings must be at most 64 bytes when UTF-8 is encoded. You can always check the explorer. The Cardano (ADA) Explorer, explore blocks, transactions, metadata, certificates, pools, assets and more. Cardano Price, ADA Live Chart, All-Time High & Market Cap (USD) - Nomics Players and bettors win together on 1xBit.com! It is a major scientific achievement and a significant milestone in the development of Cardano. Since it is linked to the application the user utilizes to interact with the Cardano network, the user can monitor their transaction and balance online as well. The Shelley-era for Cardano and the newly-launched Ethereum 2.0 will implement fully PoS-based consensus models. For a better comparison, Bitcoin can only process 4.6 TPS, with Ethereum 1.0 at a slightly higher 15-20 TPS. Register in seconds and access exclusive features. Today's Cardano price is $0.361042, which is down <1% over the last 24 hours. Furthermore, the platform is based on the Ouroboros blockchain the first proof-of-stake (PoS) blockchain that has undergone a peer review. Blockchain. Use the promo code BLCHR1X and get a 125% first deposit bonus! Third major 2022 milestone: Total number of Cardano transactions Stay informed on the latest cryptocurrency, technology, and blockchain news by following Blockchair's CEO Twitter. to incorporate the statistic into your presentation at any time. Transactions on the Cardano blockchain. We must give it some time to get incorporated into the blockchain, but eventually, we will see the effect: --mainnet identifies the Cardano mainnet, for testnets use --testnet-magic 1097911063 instead. As a further homage, the smallest unit of 1 ADA (0.000001 ADA) is also called a Lovelace, much like Bitcoins smallest sub-unit is referred to as 1 Satoshi (0.00000001 BTC) to honor its founder, Emurgo is a worldwide initiative designed to support developers, startups and enterprises in developing, Cardano has been designed to use smart contract technology to its full potential. The software allows adjustments over time, but right now transactions take seconds, not minutes, in my experience. Emurgo: Helps fund developers, enterprises and startups looking to contribute to the Cardano ecosystem. The smart contract could also be programmed to liquidate the collateral (keep the locked-up funds) if the borrower failed to make repayments on time. Cardano has a distinct feature that distinguishes it from other cryptocurrency: the Proof of Stake validation mechanism. Hydra: Cardano scalability solution | by Cardanians.io (CRDNS pool Alice only has a bitcoin wallet address of 10 BTC, so she does not have a bitcoin address at all. Thursday, December 20, 2018 8:36:31 PM First, in Daedalus, navigate to the Delegation center. By November 2018, it had fallen back to $0.02. You can also stake Cardano through a brokerage like eToro; all you need to do is purchase ADA tokens and hold onto them. Im not sure if this is normal or not, but it is quite frustrating. With Hydra, Cardano can really become the alternative to current fiat money. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. The Cardano (ADA) blockchain has recorded another milestone in transaction numbers reaping from the network's development that has accelerated in recent months. Within 96 days, prices skyrocketed to their previous all-time high of $1.31 in tune with the rest of the crypto market during the 2017 crypto bull run. Then you can access your favorite statistics via the star in the header. CoinDesk journalists are not allowed to purchase stock outright in DCG. The Cardano Transaction Metadata feature allows anyone to embed metadata into transactions, which is then stored in the blockchain. Create Simple Transaction | Cardano Developer Portal (Re)introduction into Cardano | Cardano Developer Portal Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade (See terms). It took more than two years before ADA returned to above $1.31. Cardano stands out from other blockchain projects as it follows a data-driven and very academic approach. Once you have opened a wallet, find your wallet address from the receive button on the interface. Seems very odd. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. Cardanoscan - Cardano Explorer But I did have many issues installing the Daedalus wallet. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering finance, insurance & real-estate, internet & e-commerce, Profit from additional features with an Employee Account. Jan 10, 2022 Cardano (ADA), a cryptocurrency similar to Ethereum, saw increasing activity on the blockchain in February 2021 as investor interest grew. ADA holders can delegate their stake using Daedalus or Yoroi wallets. Mempool Transactions Transactions Blocks Epochs. The biggest crypto news and ideas of the day. More information about Byron Era could be found, Shelley is an integral part of Cardanos transition to better decentralization. The 20-second slot time in Ouroboros represents a conservative choice for a block of transactions to traverse the diameter of a peer-to-peer network, where the peers may be significantly geographically distributed, the system is operating at peak transaction load and the interconnection is significantly less than perfect. However, this time may vary depending on the network conditions at the time of the transfer. I hope that the transfer will go through eventually, but it is really taking a long time. Cardano is traded on exchanges. https://cardanoexplorer.com/address/DdzFFzCqrhtA76eFvRJtCsd3Pk7omemPoXBzG8vZhVPgTAwG1pnbshqWGCMjJMbMhUvGCGsdHWTCw8WgzHvHBgMVfVX49wBXDwK2zdf8. A paid subscription is required for full access. as they are very limited to the number of transactions they can process at one time. Cardano's market cap is $12.27B. This article is intended to be used and must be used for informational purposes only. The Cardano team is made up of engineers, academics and an Ethereum co-founder. Basho, named after famous Japanese poet and haiku master Matsuo Bash (16441694), will bring two core developments to effect sustainable scalability: Cardanos Voltaire era, named after the famous 17th century French poet, writer and philosopher, will deliver the final touches to the network to help it mature into a fully self-sustainable and decentralized platform. In preparation for the launch of the Goguen mainnet, Cardano has already enabled token locking. Staking on Yoroi is slightly more complicated if you still have ADA coins in the Byron wallet. Cardano is stronger in terms of transaction throughput. CoinDesks Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN with up to six decimal places of accuracy. Does anyone knows how to make a withdraw from Daedalus to Coinbase I bought few Cardano and I want to transfer it there. In order to simplify transaction creation, we provide a TransactionBuilder struct that manages witnesses, fee calculation, change addresses and such. Crypto Analytics Firm Predicts Major Swings for Cardano, Maker and One Total Transactions: 62,352,438. When a cardano node submits a transaction, it goes to a local mempool and submitted on the blockchain for verification. how long does a Cardano transaction take? : r/cardano - reddit As soon as you have purchased BTC/ETH/stablecoin, you can then use the same exchange to purchase ADA. Staking on the Daedalus wallet is straightforward and does not require much time. We can finally build, sign and submit our tx2.draft transaction. Then, find the staking function of the exchange and select the staking duration. An eco-friendly option Another plus is Cardano's eco-friendly profile. But more than being just a store of tokens, this wallet functions as a full Cardano node. I just tried making a transaction back to myself, I have 3 confirmations in 1.5 minutes. Cardano is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS). Yoroi Wallet is a light, HD, browser-based wallet designed to store ADA. But it finally came. Saturday, December 22, 2018 12:10:12 AM According to Coinbase, the current expected annual return on Cardano staking is 37.5%. One is to create a Daedalus or Yoroi wallet, and second, open an account in the crypto exchange of your choosing. It came to an end in 2020 with the launch of the Shelley era. In November, a paper onHydra was finished, and a conference paper on the subject was completed in February. Transaction | Cardano Explorer Cardanos strength against EOS lies in the difficulty of developing DApps on EOS. Unless I have missed this huge news, I dont think Coinbase has listed ADA yet, which means that you cant send your ADA on this platform because they cannot provide a receiving ADA address, Here is the list of exchanges supporting ADA from the Cardano official website. What makes it different from most staking pools on, A step-by-step guide on how to stake ADA can be found, From there, users can easily go to Delegation and insert a stake pool ID. The witnesses and optional metadata must match those provided to the builder. [Online]. The source adds the following information: "Transactions represent a bundle of intended actions to alter the ledger initiated by a user (human or machine). now its Bet on your favorite Sports with Roos Sportsbook. Cryptocurrency deposit processing times - Kraken It enables payment and smart contract processing beyond the blockchain (off-chain) by utilizing state channels. Price comparison and price change of the top 100 crypto as of February 21, 2022, The 100 most traded cryptocurrencies in the last 24 hours as of November 14, 2022, Transaction speed ranking of 69 crypto - including DeFi and metaverse - in 2022, Market cap of 120 crypto - incl stablecoin, NFT, DeFi, metaverse - in November 2022. Stakers will then be entitled to a reward proportional to their stake, allowing them to earn passive rewards for validating blocks. It is impossible to know everything there is to know about Bitcoin. Cardano Blockchain Explorer However, on the current setup between Cardano and Etherum, Cardano appears much stronger than its competitor, Ethereum, in terms of TPS. Cardano is down 1.87% in the last 24 hours. According to the blockchain explorer of Cardano, the network is currently processing around 750 transactions per day. If your transaction did not confirm in the first block possible, it may take significantly longer depending on network conditions. Secondly, it will launch accounting styles that run parallel to Cardanos UTXO model, thereby fostering greater interoperability. Did you coins eventually turn up? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The example below builds a transaction with all 2 of the 3 input types: key and bootstrap. generating-transactions | Cardano Developer Portal Get Started Builder Tools Serialization-Lib Generating Transactions Generating Transactions TransactionBuilder API In order to simplify transaction creation, we provide a TransactionBuilder struct that manages witnesses, fee calculation, change addresses and such. IOG (Input Output Global): Formerly known as IOHK (Input Output Hong Kong), IOG is responsible for the technological development of the Cardano platform. Any transaction that requires payment data to be attached, as well as the history of ownership of particular assets, can benefit from timestamping. These variances should should only be a couple bytes and cardano-serialization-lib uses definite encoding which is the same length or smaller for any reasonable sized transaction. This is equivalent to the normalized JSON version: We invite developers to experiment using Cardano Transaction Metadata and come up with new ideas. Simply put, this is where peer-to-peer transactions are facilitated, such as the transfer of tokens between users. Since it does not need to have a copy of the full blockchain state and runs as an extension on Firefox or Chrome, it can be easily installed and set-up without requiring much system resources from the user. After the necessary steps to set-up the wallet application, you will need to wait until the wallet is synchronized to the Cardano network. I think the 6 hours delay probably has to do with the exchange rather than the Cardano network. To operate an independent staking pool, a staker must make sure that their node is always online, which means that their hardware must stay on and connected to the internet at all times. The Cardano Foundation's integrations team hosted a session on transaction metadata on January 18, 2021. As soon as this statistic is updated, you will immediately be notified via e-mail. Optionally a transaction can also have certificates, reward withdrawals, and metadata added to it. Tried to withdraw from Coinspot, its been over 8 hours and nothing in the in the Daedalus wallet. This Ouroboros consensus system is completely different from Bitcoins proof-of-work (PoW) system, which requires users to compete using specialized computer equipment to discover the next block and has no built-in feature that discourages monopolistic mining operations, other than the fact that bitcoins value depends on its being controlled by no one. What is Cardano: A Simple Explanation - DappRadar These are the nodes that are tasked with keeping an updated copy of the state of the blockchain, which will then be used to verify transactions later on. Cardano is a blockchain platform designed to process transactions using a dedicated cryptocurrency called ADA. And even without holding ADA, anyone can operate individual staking pools by helping provide their technical expertise to other network participants who are staking as well. Cardano can handle more transactions per second than any other blockchain in existence. Shelley: The decentralization phase that introduced delegated staking and encouraged the growth of distributed stake pool operators. The official docs state that blocks are produced every 20 seconds. Every output on the coinbase exchange can be traced back to the instant when it was created. The main difference is dapps run autonomously without a third party operating in the background. The following are the four most common uses of metadata: Validation and verification The simplest way to stake Cardano is through a cryptocurrency exchange platform like Binance, Coinbase, Kraken and other major exchanges. IOG was issued 2.46 billion tokens, Emurgo 2.06 billion and the foundation 648 million. These are key performance indicators that are identified by IOHK. What financial advisors need to know about crypto. Despite its slow transaction speeds, Cardano remains a viable alternative to other cryptocurrencies and holds its own in terms of community involvement and security. This behavior is because these days the blockchain has been really saturated, 90-95%. A brief correction occurred between May and July before prices shot up even further. Fresh and furious casino with world name games, Rest API with a high uptime, SQL-like queries, and packages for all. Cardano (ADA) saw an increase in activity on the blockchain in February 2021, as investor interest grew. ", Coin Metrics, Number of daily transactions per day on the blockchain of Cardano (ADA) from September 2017 to January 10, 2022 (in 1,000s) Statista, https://www.statista.com/statistics/1202328/average-number-cardano-transactions/ (last visited March 04, 2023), Number of daily transactions per day on the blockchain of Cardano (ADA) from September 2017 to January 10, 2022 (in 1,000s) [Graph], Coin Metrics, January 10, 2022. The addresses have been derived using the cardano-addresses tool, which I then convert to Uint8 arrays. The Byron stage of Cardano enabled the buying and selling of ADA on a federated network powered by the Ouroboros consensus protocol, the first PoS protocol built on extensive academic research. You need at least a Starter Account to use this feature. Converting to Shelley wallet requires users to reinstall their chrome extension of Yoroi. Cardano Explorer These calculations are performed in the background while being abstract from users. Since the initial transfer and until now, I have still not seen anything show up in my Cardano wallet, and also when I enter the Cardano wallet address at https://cardanoexplorer.com/ it shows the number of transactions as 0 and the final balance as 0. Cardano blockchain explorer, blocks, transactions and addresses. The wallet and the blockchain is still under development. Home. What Is Cardano (ADA)? - Forbes Advisor To prevent giant pools from dominating the system, each staking pool is governed by a saturation parameter, which essentially offers stake pools lower rewards once they reach a certain capacity. Metadata, in essence, can be utilized to tell a transaction's story. Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Assume Alice has purchased a product/service worth $6,000 and wants to pay Bob for it. This time, ADA reached a new all-time high of $3.10 in early September 2021. That gives ADA stakers an incentive to relocate their coins to smaller pools. This. Lovelace recognized the mathematical potential of computers early on and published the first algorithm in 1843 that such a machine could carry out. The transformation of value in the digital age. Where N is the amount of slots you want to add to give the transaction a window to be included in a block. It is also possible to combine Sharding with Hydra. Cardano Settlement Layer (CSL): Used to facilitate peer-to-peer transactions of ADA-native tokens, Cardano Computational Layer (CCL): Used to execute smart contracts. Roobet welcomes you with up to 1000 Free Spins. We write the transaction in a file, we will name it tx.raw. For context, Bitcoin can process 4.6 TPS, and Ethereum 1.0 slightly higher 15-20 TPS. Cardano Transaction Volume Beats That of Bitcoin and Ether - Yahoo! How to create a transaction with metadata using the cardano-cli To create a transaction with metadata, first ensure that you have installed the cardano-node and follow instructions on how to launch cardano-CLI. One of the most secure ways to stake Cardano is via a staking pool from a Web 3.0 wallet like Daedalus and Yoroi, which is described in greater detail below. Chain density on Cardano is set to 5% now, meaning that on average, every 20 seconds a new block is produced. Number of daily transactions per day on the blockchain of Cardano (ADA) from September 2017 to January 10, 2022 (in 1,000s) [Graph]. Privacy Policy. Stake pool IDs can be found, From a protocol standpoint, performance indicators can be used to determine which stake pools to choose from. The code has now been implemented after the research has been completed and the implementation has begun. When the Cardano chain was first tested in 2017, it was able to process as many as 257 transactions per second (TPS). Cookie Notice "Traders who have invested in Maker over the past year are finally above water. The live Cardano price today is $0.340553 USD with a 24-hour trading volume of $383,405,208 USD. Cardano Price | ADA Price Index and Live Chart- CoinDesk Over the last day, Cardano has had . World currency prices are based on rates obtained via Open Exchange Rates. Each input and output are accompanied by a pointer and an unlocking key, with each output having a value and lock. To use individual functions (e.g., mark statistics as favourites, set Available in 11 languages, Donate to amazing nonprofits and open-source projects. CMC Alexandria takes a deep dive into Fuel Networks, which claims to be the world's fastest modular execution layer for blockchain scalability. The Cardano network confirms transactions using a consensus mechanism called Proof-of-Stake: . Its use of the Marlowe language (its DeFi platform), built on top of Plutus (its smart contract platform), will ensure that even those who do not have a lot of technical expertise can freely craft their own smart contracts. For more information, please see our 24 hour ADA volume is $571.78M.It has a market cap rank of 8 with a circulating supply of 33,976,335,395 and max supply of 45,000,000,000. Bitcoin is the biggest cryptocurrency in terms of market capitalization. A DApp is also used by network participants to interact with a blockchain through an abstracted user interface. DCG has no operational input into the selection or duration of CoinDesk content in all its forms. The average transfer time for Cardano from one wallet to another is about 15-20 minutes. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing. guessing it's quite quick from reading the technical papers but curious on the actual experience. The cardano proof of stack is expected to be able to process over one million transactions per second when using Hydra as a scaling solution. This page was generated automatically from: https://github.com/Emurgo/cardano-serialization-lib. If you are an admin, please authenticate by logging in again. The minimum required for a valid transaction is to add inputs, outputs, time-to-live and either set the fee explicitly with builder.set_fee(fee), or calculate it implicitly using builder.add_change_if_needed(address). Any data, text or other content on this page is provided as general market information and not as investment advice. It was launched in 2009 and has remained on top of every other altcoin ever since. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The first point of comparison between Cardano and Ethereum is on their consensus algorithm. Output1: The address that receives the transaction. Transparent, fixed, unified feed with no hidden costs. And it's working on increasing that even further. While this may seem like a long time compared to other cryptocurrencies that use a Proof-of-Work (PoW) consensus algorithm (such as Bitcoin), it is actually quite fast considering the amount of security that is provided by the PoS algorithm. Transaction time - General Discussions - Cardano Forum Your transaction needs to be included in a block that propagates throughout the blockchain to be a valid transaction. However, this time may vary depending on the network conditions at the time of the transfer. Additionally, today was the launch of Sundaeswap, that means, more saturation. As a result, in contrast to miners verifying transactions, the nodes on Cardanos network are chosen by voters. Following this change, the block size will be 88KB, a decrease from the current 80KB. Accessed March 04, 2023. https://www.statista.com/statistics/1202328/average-number-cardano-transactions/, Coin Metrics. Following the launch of Hidden Hand and Pirex, OHM fork Redacted Cartel is launching its new, native stablecoin Dinero. Stake pools are responsible for processing transactions and producing new blocks and are at the core of Ouroboros, the Cardano proof-of-stake protocol. The time estimates assume that your transaction has been confirmed in the first block after the transaction was sent. This allows for a certain degree of flexibility in how transactions are constructed. Already sent in a support email too haha. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. Many, however, believe that a gradual process is important for Cardano since it allows time for platform testing and review, making it reliable enough for a massive roll-out. Those interested can also choose to run their own staking pool for ADA. Figures have been rounded. Home to the UFC fly-weight champion, Brandon Moreno! Since the papers outlining the model and plans of the network are publicly available, expert engineers and developers can weigh in on its road ahead (interestingly, no whitepaper was published for Cardano). When you unlocked an output, youll notice that the output no longer circulates, and new outputs will take its place. What was special about Alonzo is that it introduced smart contract functionality on the Cardano blockchain for the first time, opening the doors to Cardano-native dapps and other features. On the other hand, the flagship digital asset, Bitcoin, within the same time frame . Metadata can be expressed as a JSON object with some restrictions: All top-level keys must be integers between 0 and 2^64 - 1. This article is not intended as, and shall not be construed as, financial advice. . Decentralized applications, or dapps, are similar to applications on a smartphone. Available: https://www.statista.com/statistics/1202328/average-number-cardano-transactions/, Number of daily transactions per day on the blockchain of Cardano (ADA) from September 2017 to January 10, 2022, Available to download in PNG, PDF, XLS format, Cardano ADA/USD price history up until Mar 02, 2023, 10-day Cardano ADA/USD realized volatility until May 5, 2022, Daily Cardano (ADA) market cap history up until August 2, 2022, Cardano (ADA) dominance history up until July 7, 2022, Market dominance of 12 cryptocurrencies on November 15, 2022, Cardano (ADA) daily transaction volume up until January 10, 2022, Daily active Cardano (ADA) addresses up until January 10, 2022, Cardano (ADA) investor sentiment up until January 9, 2022, Cardano (ADA) gas price history up until January 9, 2022, Daily Cardano (ADA) trading volume history up until January 9, 2022, Biggest Cardano (ADA) exchanges based on 24h volume on January 10, 2022, Cardano (ADA) Sharpe ratio until January 8, 2022, Cardano (ADA) circulating supply history up until July 7, 2022, Top 20 cryptocurrencies with the most value being staked as of November 11, 2022, Cardano (ADA) largest sstaking pools as of January 10, 2022, Number of daily Monero transactions globally 2016-2020, Number of daily Ethereum transactions 2016-2017, Number of daily DASH transactions 2016-2017, Number of quarterly debit card transactions in Turkey 2015-2019, Italy: number of residential property transactions in Milan 2010-2021, Residential property transactions in Rome in Italy 2010-2021, Number of commercial property transactions in England 2012-2021, Number of commercial property transactions in Northern Ireland 2012-2021, Number of commercial property transactions in the United Kingdom (UK) 2006-2021, Amount of suspicious transactions in the Netherlands 2018, by price class, Amount of suspicious transactions in the Netherlands 2018, by reporting institution, Amount of suspicious transactions in the Netherlands 2018, by transaction type, Number of e-commerce transactions in Turkey 2015-2022, by quarter, Number of M&A deals in North America 2006-2021, Additional features offered by cryptocurrency wallet providers 2016, Central wholesale market meat trade volume in Japan FY 2020, by type, Central wholesale market trade volume of fruits in Japan FY 2011-2020, Wholesale trade volume of meat in Japan FY 2011-2019, Number of daily transactions per day on the blockchain of Cardano (ADA) from September 2017 to January 10, 2022 (in 1,000s), Find your information in our database containing over 20,000 reports, the most traded virtual currencies on the market.

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