Cardano News Today – Top Headline for Cardano ADA, January 14th, 2020

cardano ada price
  • Cardano developers to provide patches for incentive testnet for the launch of Shelley
  • Cardano ADA is decentralized 

After the launch of the incentivized testnet, the IOHK and the Cardano ecosystem has been developing its tech. Currently, they are focused on network and stability enhancements. In the same light, the CEO of IOHK, Charles Hoskinson declared that the Rust team is ready to provide a network patch for the ITN in the coming week. After this, the team will continue to release regular patches to maintain network stability.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.030

Also, Hoskinson declared that the team was deliberating the usage of capacity metric while collating feedback and data on how the pools are being run by the users. And also if the designed protocol would, indeed, help the fountain attain decentralized and a stable network.

In the recent AMA session, the exec send:

“We have been able to collect an enormous amount of data about the use and misuse of the protocol. we’re now getting a lot of feedback about the good, the bad, and the ugly second we were very curious to see if the parameters we had chosen and the way that we had designed the protocol would allow us to achieve decentralization and performance and a stable Network.”

In a case where someone in the network acts cruelly, Hoskinson stated that it would be easy for developers to install that he termed “punitive measures” with the pledging device.

The idea behind pledging, installed in the incentivized testnet, is where the stake pool operators assign their stakes to their pool and register a pledge address when they register the stake pool with the Cardano Foundation. Before the launch of the Shelley Mainnet, the foundation was evaluating means on how to advance the protocol. Also, the Cardano forum declared that after the launch of Shelley’s mainnet, the Haskell Shelley testnet will be released soon.

Cardano ADA is Decentralized

There has been a series of questions seeking if Cardano is decentralized or not. According to Hoskinson, Cardano is decentralized. The pools are shared equally, hence they do not get flooded in the market. The price of the ADA coin has been trading in the bearish zone for some months now. The coin has recently gained substantially. Previously, the price was trading at $0.038 and might rise to $0.041 and $0.053 per RSI and MACD. Also, the price might likely decrease if the trends fail to break the wedge.

In the past few days, Cardano has been trading upside. The massive increase has helped the coin to surpass its previous price decline. Regardless of the price volatility, ADA has maintained its price momentum as the price didn’t decline below $0.0386 in the past 24 hours. Currently, the coin is trading towards the significant support area at $0.0360, and it seems likely that it might test this area before a price recovery.

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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