Cardano Latest News – Top Headline for Cardano ADA, January 18th, 2020

  • Cardano releases the Jormungandr 0.8.6 version for Cardano pool operators
  • Cardano ADA Price Analysis – fluctuating price trend

Cardano’s Ambassador, Rick McCracken recently announced that IOHK, the research and development wing of the decentralized public blockchain and crypto project, Cardano released the Jormungandr 0.8.6 version for Cardano pool operators. The recently released version is targeted at enhancing the network durability of the node. The release of Jormungandr 0.8.6 comes alongside numerous optimizations. IOHK quoted modifications in terms of code quality in the network code and the storage.

Also, the service manager, which is the module that trails all the tasks running in the node, has been improved following the Jormungandr’s shift to the 0.8.6 version. IOHK’s official statement goes thus:

“This release does not provide a quick solution to some of the issues reported by the community such as the clone stake pools problem. This is an issue linked to the incentive model and the issues of the network. Improving the network has a higher priority right now.”

With the execution of version 0.8.6, CandidateForest has been removed, an update has been transmitted for chain-deps, for rand and network API changes. Moreover, the TCP server connection manager, which denies incoming connections when full, has been enforced.

Previously, it was reported that the Cardano ecosystem has been concentrated on network and durability enhancement. To aid the sustainability of network duration, Cardano Foundation’s Rust team is prepared to provide a network patch for the ITN this month.

Similarly, the CEO and Co-founder of IOHK, Charles Hoskinson had also disclosed that the blockchain engineering firm plans to bring in “oracle providers and data providers” to the Cardano blockchain for it to have a “competitive offering”.

Cardano ADA Price Analysis – Fluctuating Price Trend

In the last 24 hours, Cardano ADA’s price has been trading positively. ADA price has broken the 30-days high twice in the space of seven days. The 90-days high is at $0.0466, while the 30-days high is currently at $0.0430. The forthcoming days are projected to be thriving. Today, ADA coin started the day with a slight price plunge. The price trend shifted from $0.0417 to $0.0411 by 1.51%. The price increased to $0.0439 by a massive surge of 6.97%. Also, the Cardano ADA price declined to $0.0425 by 3.32%.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.060-3.43%

The coin price plunged to $0.0439 and broke the instant resistance level at $0.0429. Currently, ADA coin has indicated a price decline. Also, it is relatively close to the instant resistance level. Hence, the prospect of modification is still unscathed. The ADA coin is projected to give a profit to long-term investors.

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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