Cardano (ADA) announces the release of a new update aimed at improving the stability of the network
Cardano (ADA) announces the release of a new update aimed at improving the stability of the network

By Roberto D. | CryptoFarm | 28 Dec 2019


The cryptocurrency industry knows no stop, parties, holidays, so while Vitalik Buterin, on the day of anti-vigil, presented his new proposal for the transition to ethereum 2.0 the Cardano foundation thought it well to go even further and do his I announced yesterday, just on Christmas Eve; as confirmed by the CEO of IOHK, Charles Hoskinson, a new update has been released aimed at improving the stability of the network through the resolution of some recently emerged bugs. Hoskinson then went on to remark how the Cardano team worked on the backend of the portfolio and on Daedalus also to guarantee a better user experience; this is an important aspect, because developers often focus on aspects such as scalability, stability and network security, leaving aside the usability of the platform, which is instead one of the most important issues if we want to achieve mass adoption at cryptocurrencies as payment systems. The CEO also highlighted how the new update represents a big step forward for Cardano and thanked the team members who allowed his release by giving up going on vacation.

 

Hoskinson then wanted to sum up this 2019, highlighting how the year that is coming to an end has been particularly positive for Cardano, with the pools active on the network that have gone from 340 to 500 units, a result well above the more rosy forecasts. All this enthusiasm, however, is not found on the charts with the trend of the prices; after ADA returned to historic lows in July of this year, in fact, the price started to move sideways and struggled to break from $ 0.34. We are therefore far from the highs reached during the bull run between the end of 2017 and the beginning of 2018 when ADA reached prices around $ 1.3 and there does not seem to be any news or news on the horizon capable of reviving the prices at the top. Meanwhile, the Cardano foundation, Emurgo and IOHK continue to be at loggerheads and it is probably the vicissitudes at the level of governance that are damaging the growth of a project that many looked at with enormous enthusiasm until even 18 months ago but which instead seems suddenly out from the radars of all the major investors in recent months.


Roberto D.
Roberto D.

Born in Italy, I live in Italy, passionate about cryptocurrencies since I discovered ethereum in 2015


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