Cardano, ADA

Cardano (ADA) is certainly one of the digital assets that might not be getting much of an attention from the crypto users. Most of them may think that Cardano is a developed crypto. No, it’s actually not! The cryptocurrency is still in developing phases and they are working hard on its technology. We would see Cardano (ADA) emerging as one of the top digital assets in the coming years. The Testnet has been upgraded by IOHK, which is a core part of Cardano’s network. This is just a Testnet launch, but moreover, Cardano is moving ahead in the right direction, where they would change the world with improvements in blockchain technology. 

The recent Testnet of Cardano (ADA) launched by IOHK gives the Daedalus wallet users an opportunity to explore some new features ahead of being integrated into the Mainnet. This Testnet upgrade will be very useful for the developers as well as for IOHK engineers. They would be able to use Testnet and benefit from its features. The users would be allowed to use test tokens to trail along with the system and examine how to use the upcoming features without losing funds and this will cost nothing. The users can also send their opinions to IOHK regarding their experience about the features of Testnet, which will help IOHK to enhance the Testnet before the launch of Mainnet. 

This Cardano Testnet comes up with the Cardano 1.4 that contains Daedalus 0.12.0 and Cardano SL 2.0.0. This upgrade comprises of a new wallet extremity with a new v1 API, also including the wallet data migration. Some basic changes have been made with improvement in clock synchronization checks and process management, which will adjust the problems caused during loading on Daedalus. The users will also be able to reactivate checks if the clocks are off following the synchronization without restarting the wallet, which would take so long to start up again. 

Moving on looking at the bear market, many of the digital assets has been financially hurt. Some of the cryptos have lost up to 80% in the recent bear market. Few days’ ago, ETCDEV proclaimed that they are closing down due to funding problems. So, top crypto’s like Ethereum Classic (ETC) are suffering badly from this bear market. But Cardano does not have any sort of funding issue from these bear markets. The Cardano (ADA) network is fully funded till 2020 unless IOHK team finishes their project. Charles Hoskinson said that they are very clever with the BTC’s they have. He added that they have deprived those Bitcoins and are fully funded for the next two years. 

This puts Cardano (ADA) in a strong position, and as they will complete their development programs, ADA will rise to skies. Cardano (ADA) price in the past couple of weeks has been around $0.04 USD to $0.03 USD, which shows how stable the coin has been in the bear market. Cardano (ADA) is a future prospect of the crypto industry and it will flourish considering the facts of its development.  

Having a look at today’s (6th December 2018) market, Cardano (ADA) has dropped a bit more. This is because the price of Bitcoin (BTC) has dropped below $4,000 and this has affected the prices of other altcoins. At the time of writing, Cardano (ADA) was trading at a price of $0.035 USD. In the last 24 hours, it has dropped up to –4%, but it has still managed to remain at $0.03 USD mark.  


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