Cardano Latest Update – Cardano Successfully Launches OBFT Hard Fork In Preparations For Cardano Shelley Era

Cardano
  • Cardano Launches OBFT
  • ADA Price Update – ADA price unstable after BTC price crash
  • A Milestone For Cardano
  • Is An ADA high looming?

Cardano Testnet – The CEO of IOHK, Charles Hoskinson celebrates the successful launch of the OBFT hard fork on Twitter. The launch of this hard fork serves as a stepping stone to the realization of Cardano Shelley. Also, it bridges Byron with the coming Cardano Shelley era. The upgrade of Cardano’s Proof-of-Stake (PoS) protocol occurred on February 20 without obstructing ADA token users. The OBFT fork was installed on the federated Byron mainnet.

Cardano Staking – the launch of the OBFT hard fork denotes a development of the original Ouroboros Classic protocol and permits Cardano to move close to seamlessly switching to centralization. Cardano testnet – IOHK’s Tim Harrison stated that the Cardano network would be able to attain higher transaction speed as well as its convenience after the upgrade.

OBFT Launch Is A Milestone For Cardano

Cardano testnet – Notably, this hard fork is only one of the network upgrades that are slashed out before the launch of the Cardano Shelley era. Although the exact launch date is yet to be set, these upgrades are projected to be released in about two months. The Shelley mainnet, which will be run by the Ouroboros Genesis Protocol, is projected to change the Cardano testnet into the most decentralized blockchain project. It will permit the Cardano community to choose their validators through staking.

ADA Price Update – ADA price unstable after BTC price crash

Cardano Price Prediction – ADA token is beneath the top ten cryptos by market cap, but for the past few days, the ADA price movement is quite unstable. The price movement got bad after yesterday’s crash of BTC by about $800. In the past 24-hour ADA price has recorded about 6% losses while the market has been unstable after BTC clash.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.120

Cardano Price Today – ADA commenced a price decline towards the $0.059 level as it failed to seek support required to sustain the price above the $0.060 level. After the slow decline towards the $0.600 levels, the BTC flash crash further affected the market, and ADA price declined as low as $0.0567.

Is An ADA high looming?

Cardano Price Prediction 2020 – although ADA price recovered back to the $0.0590 levels before the end of the day, it was unable to sustain the same level. ADA is facing a major resistance at $0.05936, if the support levels hold, ADA price is available for a better position on the day. However, if the support fails to assist ADA token break past the major resistance level, it would be a rough path for ADA price.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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