Crypto News

Charles Hoskinson Announces New Cardano (ADA) Wallet

For those who don’t know, Charles Hoskinson is the founder of Caradano and leader of IOHK. The cryptocurrency expert has a massive Twitter following because he is known to announce important information over the social media platform and this is exactly what he did a couple of hours ago. Charles Hoskinson announced that a brand-new crypto wallet is going to launch during the upcoming future and that it will be complementary to the Deadalus wallet.

Charles Hoskinson Announces New Wallet

“Now for that promised end of month ANN. A new wallet is coming soon to the Cardano ecosystem. It’s really exciting and complimentary to Daedalus. I think people are really going to like it. Details coming in August” said Charles Hoskinson over his official “IOHK_Charles” Twitter account. The news is exciting, but unfortunately, we will have to wait until August in order to find out additional details.

The Daedalus Wallet

The Daedalus wallet has been made available back in January and it had its fair share of bugs. Luckily, the IOHK community moved fast and took care of the wallet’s bugs and issues and this made it a fan favorite in the crypto community.

However, the IOHK team later decided to extract all the IPC (inter-Process Communication) logic of the wallet between main and rendering process to a new layer. The reason why the IOHK team did that is because they wanted to simply the code to make it easier for developers to create improvements and advancements.

Cardano (ADA)

Cardano is currently sitting on the 8th place in the cryptocurrency market and the total market capitalization is valued at $3.54 billion. Moreover, the ADA token is priced at $0.136 and the price is always susceptible to change since the cryptocurrency market is highly volatile.


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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