5 important announcements from Cardano (ADA), which has recently tripled its price

By DHEagle | CryptoTent | 4 Jul 2020

Announcing the successful implementation of the Shelley test network at the Shelley Virtual Summit event was not the only announcement announced by IOHK, the parent company of Cardano. The company was carrying out important works for its important projects that it had been planning to explain for some time.

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1. Shelley

Cardano Mainnet is ready to run after the update on July 1. Cardano blockchain has never seen such a big update before. This major development in the network is important to experience the change experienced by the user experience. These developments and the Cardano hard fork in late July are considered as an excellent opportunity for IOHK to maintain its great power.

2. Atlas Prism

Launched by IOHK CEO Charles Hoskinson, Atlas Prism was greeted with very positive reactions. Atlas Prism will enable people who do not have bank accounts worldwide to share their personal data on the Cardano blockchain and to keep in touch with other blockchains as well.

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3. Katalyst Project

Project Katalyst is expected to be launched by the third or fourth quarter of 2020. The details on the paper will end in July.

The third gift of IOHK to the Cardano community was the Katalyst project, also called Voltaire. The project is viewed as an experience that could become an application in the future. Taking into account the data from community approval, democratic models and social experiments, IOHK aims to develop a decentralized "treasure" system.

4. Project Atlas

Cardano plans to make vehicles and products more accessible with the Atlas Project. In addition, scales will be determined for performance statistics in "staking" pools. This will convey basic information that will enable users to vote with a more logical approach.

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5. cFund

IOHK also announced its partnership with the Wave Financial Group at the summit. The two holdings are aiming to raise around $ 20 million to support an initiative that aims to improve the Cardano blockchain and its products only. Both IOHK and Wave will put $ 10 million there. The fund will also invest around $ 250,000 to $ 500,000 worldwide.

Cardano (ADA) has performed impressively in recent months. This powerful performance was mostly accomplished by the effect of the Shelley hard fork. The update will be implemented on July 29 with a hard fork. ADA has appreciated 200 percent since April.

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