Tag: Cardano (ADA)

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Crypto News

Cardano (ADA) – Many Updates Have Been Implemented Within Its Main Net And Test Net

Lately, Cardano (ADA) has been onto many developments including the launch of the test network, future plans, wallet updates, international tours, conferencing and so much more. The Cardano team has performed continuous updates, among which the Daedalus Wallet, KEVM test network, smart contracts, programming languages and Virtual Machines are included.

Daedalus Wallet

Cardano (ADA) team has worked primarily on the wallet management, the greatest of them being React 16, that demands many modifications in Daedalus’ code base. They unveiled recently the introduction of paper wallets and Cardano 1.2.0 that is a more reliable and secure way to keep ADAs.

Server-side security testing

Cardano (ADA) team kept on working on the introduction of server-side transport layer security testing whilst the Cardano s1 project has fused. The Daedalus installers are yet to be installed, as the staff is continuing to work on it.

The other features of Daedalus Wallet has been either improved or updated. Additionally, the team works on the transition of the older data to the new layer.

KEVM test network

Cardano devs also The team made a successful rollout of the KEVM test network as they prepared thoroughly for the event over the past week. Their work on the IELE network is continuing, as they have been testing a new way to execute standalone versions of Daedalus on the same PC, be it Windows, macOS or Linux.

If necessary, both the main net and the test net could be run concurrently on the same computer with no breakdowns.

Even more, another contender for Cardano 1.2 and Daedalus 0.10 was unveiled by the DevOps and further intends to offer this as an update to the primary blockchain on Monday.

Smart Contracts

The fundamental and most important stage of the inquiry needed to reach the goal set by the Cardano (ADA) team lies almost at the far-end of the work.

Programming Languages and Virtual Machines

The Virtual Machines are structured using both official language and the K framework. Some insights have been cast into the impromptu Haskell-based smart contract programming language, which is mainly centered on tackling the present inadequacies of smart contract scripting.

The core language development and the associated library, as well as the kernel specs, are underway, and these represent an essential part of the development process.

On the other, hand, the Cardano (ADA) crypto coin is settled on the 7th place in the cryptocurrencies market, with a market cap of about $5.8 billion.

At the moment of this writing, Cardano (ADA) is traded at $0.22.

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Crypto Markets

ICON (ICX), Cardano (ADA), And Nano (NANO) Price Analysis

Today, the cryptocurrencies market have benefited from a rapid upward movement. ICON (ICX) has been in full upswing, Cardano (ADA) is also “green”, while Nano (NANO) is dropping, losing about 4.7%. On the other hand, Bitcoin (BTC), the biggest crypto by market cap, has also risen in value against USD yesterday by shed the gains today, currently trading at $7,382.

ICON (ICX) price analysis

The ICON price is currently trading higher than the moving averages on the 30′ chart. In addition, the split between the 50 SMA and the 100 SMA is now starting to shrink to signal that purchasers are recovering their grip.

The bullish traders are struggling to break the $2.60 resistance but are keeping their eyes on the $2.7 and $3.0 levels. The short-term support regions will arrest the downward trend at $2.5 and $2.4 support levels.

Now, ICON (ICX) trades at $2.57

Cardano (ADA) price analysis

The Cardano ADA price has recently quoted the new May minimums after plummeting under $0.20. Yesterday, the ADA/USD pair exceeded the critical resistance level at $0.18 but stood at over $0.17 level.

Also yesterday, Cardano (ADA) chart presented a strong resistance level around $0.20. As Cardano (ADA) moved over this level (trading at $0.204, at the moment of this article) will encounter more resistance at the 78.6% Fiber Retracement level, with a peak at $0.31 and a minimum at $0.172.

However, the sentiment is bullish for the time being.

Nano (NANO) price analysis

The Nano (NANO) price was among the major earners in the cryptocurrencies market yesterday as its value against the USD soared by more than 14%.

Unfortunately, today Nano (NANO) plummeted below the $4 support level as it is now trading at $3.87, as it records a quite massive drop of about 6% in the last 24 hours, at the moment of this review.

Nano (NANO) lost the momentum it gained yesterday when the bulls pumped in the cryptocurrencies market and is now supporting a correction which might force the coin drop even more.

In short, today, May 30th, the cryptocurrencies market is continuing the slight recovery after a long period of turmoil and significant drops.

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Crypto

Cardano (ADA) CEO Is Sure ADA Will Surpass Bitcoin (BTC) And Ethereum (ETH) In 1 Year

The founder and CEO of Cardano (ADA), Charles Hoskinson, believes that his cryptocurrency will surpass Bitcoin(BTC) and Ethereum (ETH) in just one year. Mr. Hoskinson provided feedback immediately after ADA achieved the seventh position by market capitalization within the cryptocurrencies market.

While almost all the crypto coins are trading green, as we speak, the tumultuous period recorded in January-February has not been fully reversed, to date. Thus, the dissipated gains have not been recouped, just yet.

The Cardano (ADA) devs have mainly concentrated on upgrading the crypto’s technology. Ethereum (ETH) and Bitcoin (BTC) are in the lead thanks to their huge market caps but ADA is going to come from behind and overcome these two cryptocurrencies, according to Charles Hoskinson.

Bitcoin is advertised as a payment system and a means of exchange, and so everyone who has tried to use it for that has been a miserable failure. They usually stop taking it, or find ways to take cash, and through a creative structure like the one Bitpay has made. Ethereum claims to be a global computer, but then CryptoKitties breaks it down.

Charles Hoskinson, Cardano (ADA) CEO

Cardano (ADA) will be observed as the only scalable and secure cryptocurrency, hopes Hoskinson

ADA’s CEO is pretty sure that the capabilities of Cardano (ADA) to reach from a milestone to the next one on its roadmap is one of the advantages of the network and will be noticed as an important feature by the crypto enthusiasts.

When it comes to security, Charles Hoskinson also said that investors would feel safer to invest in a cryptocurrency which possesses best and well-established protocols in the market, such as ADA has.

We don’t know if Cardano (ADA) will indeed surpass Bitcoin (BTC) and Ethereum (ETH) in just one year but, in the meantime, we know that, at the moment of this article, ADA is trading at $0.25, recording a 4.08% increase in the last 24 hours.

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Crypto

Cardano (ADA) Has Been Integrated Into Metaps Plus South Korean Mobile Payments Platform

One of South Korea’s most important mobile payment platforms, Metaps Plus, will now support Cardano (ADA) as a payment method. Metaps Plus is renowned for being the first example in Asia of cryptocurrency acceptance on a mobile payment platform.

This South Korean company is continuously aiming at the development and establishment of the appropriate infrastructures to support the implementation of cryptocurrencies in a variety of digital platforms and mobile apps. The announcement of Cardano (ADA) integration was pronounced by KEN Kodama, Cardano’s Emurgo CEO, and it was called a very important even for ADA’s stability and growth in its race towards the top of the cryptocurrencies market.

Besides, integration of Cardano (ADA) into Metaps Plus mobile payment platform helps South Korean crypto holders to easily spend their ADA and, in reward, ADA will be adopted more which will cause it to become more stable.

I am very excited to partner with Emurgo by integrating ADA coin into one of the largest mobile payment platforms in Korea. We are simply focused on delivering incremental sales and value to our offline and platform partners along with Ada’s coin owners.

Kim Seungyeon, CEO of Metaps Plus

Cardano (ADA) integration with Metaps Plus mobile payment platform might help ADA growth

This is a vitally valuable occasion for Cardano and Emurgo, as the Emurgo is trying to accommodate businesses and ensure that Cardano platform and infrastructure attract a broader market.

The deal with the Metaps Plus app will permit ADA to extend more quickly and be accepted, in the end, as an alternative but reliable payments method in the South Korean market, according to the Emurgo’s CEO.

At the moment of this article, Cardano (ADA) is trading at $0.321 registering a decline of a little over 1.60% in the last 24 hours. ADA is on the 7th place in the cryptocurrencies market with a market cap of about $8,3 billion getting closer and closer to Litecoin (LTC) which is on the 6th position with a market cap of approximately $8.86 billion.

Categories
Crypto News

Cardano [ADA] Update – New UI and Gorgeous Progress

With the number of articles going around looking more closely at the evolution process of different coins on the market during this past week, it looks like Cardano has also shown a number of changes and we are going to look more closely at them.

Cardano’s progress

First of all, the Cardano team has manage to fix a lot of things that needed improvement in these past couple of days, such as the fact that they now have a stronger migration plan that is going to be used for their wallet backend. This should come as no surprise since what they wanted to focus on was trying to upgrade the speed that they had when it came to the verification of blockchains and their application.

The team also took some time to fix the documentation and the semantics parts, which did have a number of small issues. Most people would think of spelling mistakes when it comes to semantics but, in reality, the company worked on clearing up vague terms such as ‘spending Password’, among others. If we are talking about the updates that were done to the documentation, we would like to talk about the fact that the Cardano team worked very hard on updating the history of the transaction and the filters that were used.

Most importantly, they worked on improving and restoring the asynchronous wallets, which will have a number of changes when it comes to their user interface, such as looking at the wallet on your sidebar.

These changes follow a rapid rise for Cardano this week, coming up to a gain of 36 percent, that some analysts attribute to the fact that Cardano [ADA] is now available on CoinSwitch, making it easier to have access to and be used on a regular basis by others.

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