Cardano ADA News Today – Top Headline for Cardano ADA, January 7th, 2020

  • Ex-senior analyst at eToro believes IOTA and ADA are two years away from attaining their goals
  • Cardano forum shares insight on Haskell Shelley testnet lined up for release

Prominent crypto analyst and former senior analyst at eToro, Mati Greenspan claims that IOTA and Cardano (ADA) are two years away from reaching their projected goals. Greenspan revealed this while replying to a tweet from a user who asked about his opinion on the two coins. Cardano is considered as one of the remarkable projects within the blockchain ecosystem. Cardano is held as one of the major projects in the crypto space regardless of the delay in the release of its highly anticipated Shelley mainnet.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.052-9.20%

The decentralized open blockchain and cryptocurrency project, Cardano’s roadmap for the year 2019 was accomplishing. The Cardano ecosystem made several implementations and upgrades in the year 2019, the latest was the launch of the proposed incentivized Shelley Testnet. Commenting about the success of the release of Cardano’s Shelley era, one which marks the first steps towards the network’s decentralization. The Cardano forum release an official statement, it went thus:

“It is humbling to see the massive amount of participation from our community in the Incentivized Testnet. This is a testimony to the loyalty and pride of our supporters. We believe that we can start a revolution with what we have. An enormous amount of growth can happen very quickly with only a small community.”

Previously, the IOHK executive Charles Hoskinson’s first AMA session, the forum informed the community that the Haskell Shelley testnet will be launched soon, along with the Shelley mainnet. Although, the official dates for the release of the updates have not been stated. Other projects lined up by the Cardano foundation include the integration of Adrestia, the Haskell wallet backend, and the Byron reboot node. After which the developers will focus on Goguen.

Also, to further the development of decentralized applications (DApps), the Cardano forum declared that its team will be working with the Plutus team so that DApps can be written in Plutus. Plutus is a “strictly typed purely functional programming language used for defining smart contracts,” with syntax related to that of Haskell.

Commenting further on the Plutus project, the Cardano team stated:

“We’re working with the Plutus team to ensure that Dapps can be written in Plutus and deployed easily from the blockchain to Cardano mainnet. Smart contracts are a high priority for our system. We believe that Marlowe, Plutus, and our chosen model is superior to the EVM model. However, we do have an Ethereum interoperability strategy planned. This will be announced at a later date, but we see it happening this year.”

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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