Cardano ADA News Today – Top Headline Cardano ADA, February 20th, 2020

  • Cardano Ouroboros set for deployment
  • Cardano ADA declines with 10% in a recent sell-off

Cardano News Update – The launch of the Cardano Shelley mainnet may dare the dominance of Ethereum 2.0 as the most projected release of 2020. The mainnet is currently a step closer to realization. Confirming the news of the release of the Ouroboros Byzantine Fault Tolerance (OBFT) consensus protocol was Tim Harrison, the marketing and communications director at Cardano.

Cardano Latest News – It was previously reported that after 18 months of development, the Cardano team is set to update its main algorithm, Ouroboros Classic, to Ouroboros Byzantine Fault Tolerance (OBFT). Though the first one is related to Byron Mainnet, the OBFT is the last stage of system development before the Ouroboros Genesis which will take over the Cardano Shelley Mainnet.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.121

Cardano News Reddit – This upgrade is set to take place on February 20, 2020, amid the Epoch 176 of the Cardano network. For this upgrade, neither ADA holders nor the participants of Cardano Shelley Incentivized testnet are required to do anything. The end-users will benefit from this projected update from its early days. Going by the official press release, the system performance, transactions per second, TPS will be enhanced as well as blockchain compliance and convenience.

Cardano News Update – Mr. Horrison also stated that this innovation will re-evaluate the decentralization of the Cardano blockchain as it will enhance the growth of Cardano on the Byron era, with its merged blockchain, to the decentralized Cardano Shelley era. Ouroboros is the agreement protocol, “the algorithm that sits behind Cardano’s capability as a decentralized proof-of-stake platform.” Ouroboros BFT has been executed as a link by the developers as a “stepping stone in compatibility (…) to enable the evolution of Cardano on the Byron era, with its federated blockchain, to the decentralized Shelley era.”

Cardano ADA Price declines with 10% in a recent sell-off

Cardano Price Prediction 2020 – ADA price was trading at $0.056870, the token is down by 10.31 on the day. It was the biggest one-day percentage loss since September 24, 2019. The downwards price movement drove ADA’s market cap down to $1.48900 Billion or 0.5% of the whole cryptocurrency market cap. At its peak, Cardano’s market cap was $23.91700 billion.

ADA Price Update – ADA price has traded in a zone of $0.056870 to $0.057426 in the past 24-hour. In the past seven days, ADA token has faced a decline in value, as it lost 17.49%. the volume of ADA traded in the 24-hours was $165.77666 million or 0.10% of the whole volume of all cryptocurrencies. It has traded in a zone of $0.0558 to $0.0713 in the past 7 days. Currently, ADA token is still down by 85.79% from its all-time high of $1.35 established on January 4, 2018.

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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