Since the beginning of last year, Cardano (ADA) has been moving at an impressive and steady pace. Over the last few months, however, the entire industry has been facing some challenges. Bitcoin, the most valuable cryptocurrency as per market capitalization, reached its all time high towards the end of 2017 but lost more than half of that value within a brief period.
Will Cardano (ADA) Survive the Storm?
The rise and fall of Bitcoin and other cryptocurrencies has reduced the confidence people have in Bitcoin’s stability. Investors have sort-after more stable coins in the market. One of such stable and more reliable coins is Cardano (ADA) which developed new features toward the end of 2017. Many traders across the industry now consider ADA as the preferred option.
Cardano is one of the few companies that communicates with traders effectively regarding development updates. On a weekly basis, the company makes technical advancements and alerts the public accordingly. The last update saw to the release of many interesting technical updates that will improve the future of the coin.
Some of the updates are as follows:
Virtual Machines and Languages Update
This update enhances the smart contract option using the K framework and formal semantics. The language for the smart contract is based on Haskell. The new language will make it easier for flaws to be noticed and rectified in the smart contract system.
Another interesting update is the Daedalus Wallet update which is a mainstay in the technical paradigm of of ADA’s blockchain. The wallet is always updated and fully operational. There have been significant changes in many systems all aimed at making it more efficient.
Other updates include the Gougen project, wallet backend projects, network system projects, etc.
With these projects in place and future projects aimed at improving the system, it’s safe to say that Cardano will survive the storm.