Some recent developments have seen the increase in the value of Cardano as a cardinal digital currency, giving its investors every reason to further invest in the system. As the high volatility of bitcoin upsets its investors, traders are now picking interest in other cryptocurrencies. A ranking in the top 10 digital currencies isn’t possible without frequent improvements, alterations, updates, and announcements – all of which the Cardano project is working very hard to deliver.
What is Cardano?
Continuing from his work on the Ethereum blockchain, Charles Hoskinson is out to provide a better smart contract platform – a blockchain that is well-equipped to deliver sustainability, interoperability, and scalability, and this platform is known as Cardano.
Through its peer-to-peer academic foundation and unique layered architecture, Cardano has been very successful since it was launched in September last year. Despite the infancy of the project, the native token of Cardano has gathered an intense momentum – over 50 percent in April – after a stream of vital technological developments and exchange listings.
Exchange Listings Boost Sentiment
A healthy dopamine hit to the holders of Cardano was issued by Huobi on the 16th of April, announcing Cardano’s listing on their monolithic exchange. Huobi is one of the biggest cryptocurrency exchanges in China, and the inclusion of Cardano into their exchange is a very big and remarkable victory for the western blockchain project. Also, the Huobi listings reinforced the bullish hike of Cardano – having flared up together with the April 12th outbreak of Bitcoin.
When it comes to technological amendments and improvements, Cardano utilizes a process that is refreshingly democratic – amongst a troop of militant development teams, who can give their community members’ suggestions enough breathing space.
The way the system is designed, every ADA holder can propose an upgrade. If the idea is supported by other members, the development team will implement it.