Cardano (ADA) came into the digital currency sphere in September 2017, and the digital currency has made enormous progress since then. Just four months after its launch, the coin increased by 1,520%, with a market cap of about $18 billion.
The Cardano network uses a scientific perspective with a methodology that is motivated by research. The open source tech of the coin goes through a meticulous peer review procedure which scientists and developers conduct collectively.
Cardano Price Today: Current Price of ADA
The Price Predictions of Cardano (ADA) for 2021
Most of the price predictions of Cardano (ADA) for this year and beyond are very tentative, this is the result of the obscurity of the coin. A notable price prediction for Cardano stated that the digital currency will take the lead in the Eastern Pacific.
The firm will produce and spread out ATMs across Japan this year. This development promises enormous real-world applications of the digital currency that brought about over 400 percent gains in December last year.
Cardano (ADA) price prediction of experts include the best guess that Cardano will realize its highest value upsurge all through the year.
Cardano (ADA) Price Prediction for 2021
The co-founder of Cardano, Charles Hoskinson, who is also the CEO of IOHK, the organization behind Cardano (ADA) has just announced that he and his development team has crossed a milestone in providing a solution for blockchain interoperability. The paper, which was released by IOHK, shows a significant step forward in interoperability with blockchains that still run on the proof of work algorithm. The paper gives vivid explanations on how it has contributed to blockchain development. Hoskinson said:
“In this research paper, we introduced the first ever trustless construction that can be applied to proof of work sidechains. We also talk about how to build generic communications between different blockchains”.
Cardano (ADA) Price Today – ADA / USD
One of the applications listed on the paper is about creating a two-way pegged asset that can move efficiently from one blockchain to the other while it retains its nature. We offer high-level construction in Solidity. This construction is applicable on different blockchains. This is as long as the blockchains are based on the proof-of-work algorithm and has support for NIPoPoWs.
This solution can be introduced into virtually any cryptocurrency based on proof-of-work like Ethereum, Bitcoin, Monero, Bitcoin Cash, and Litecoin without a soft or hard fork. The blockchain being targeted will be able to validate the proofs. So, blockchains that support advanced smart contracts are good to go.
The research by IOHK has been submitted to major conferences for peer review. One of such is CCS. CCS is a leading international forum that discusses information security, academia government, developers and practitioners who are pioneering practical & theoretical sides of computer security as well as other innovative ideas.
Charles Hoskinson founded IOHK after he left Ethereum in 2014. His new company is currently revenue-driven with no venture capital. With over 160 employees, IOHK is spread across 16 countries.