Cardano News Today – Cardano’s Goguen Testnet Will Launch With Smart Contracts and dApps – July 10th, 2020 

  • Cardano Shelley’s Code Was Added to the Mainnet Over a Week Ago 
  • Cardano’s Goguen, the Third Phase of Development Will Go Live in the Third Quarter of 2020 
  • Cardano ADA is Correcting Lower Against the USD 

Cardano News Today – While the Cardano Shelley code has been updated on the mainnet successfully, the third phase of development is scheduled to go live on the testnet in the 3rd quarter of 2020. Goguen isn’t a major development like Shelley but it will introduce Marlowe and Plutus, IOHK’s programming languages. This will allow more people to create smart contracts and decentralized applications on the network. Yesterday, Cardano’s founder Charles Hoskinson said that he will be going off social media until the 29th of July when the hard fork combinator will go live. He said his major focus at the moment is the third development phase of Cardano, Goguen.

Cardano News Today – Charles Hoskinson Takes a Break After Successfully Shelley Code Implementation

Yesterday, Charles Hoskinson took to Twitter and posted;

“Alright Kids, this week has been action-packed and exhausting, but we made some incredible progress. I’m taking a social media and AMA break until the hard fork on the 29th to deep focus on Goguen and the next parts of the roadmap. See you soon. pic.twitter.com/ECiDVD2QVq”

With the successful implementation of Goguen, the Cardano blockchain will be primed for enterprise applications. The product manager at IOHK Nebojsa Vojvodic said that this third development phase will lay the foundation for a more robust decentralized network for the blockchain. Goguen will allow people who don’t have too much experience with blockchain technology to build decentralized applications and smart contracts on the blockchain without stress.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.144

Vojvodic said that Goguen is an essential building block in the development of a social and financial system on Cardano. IOHK intends to create a system that can be integrated into off-chain applications. The platform will be interoperable so even those outside the Cardano ecosystem can benefit from its services. The testnet for Goguen will go live this third quarter while the final version will go live in the last quarter of the year.

Cardano Price Prediction 2020 – Cardano ADA is Correcting Lower Against the USD

In other news, Cardano ADA is correcting lower against the USD after days of surging. The token moved as high as $0.1350 where it faced resistance and took a downside turn. It is currently trading at $0.112856. It is down by 8.57% against the USD and down 6.52% against Bitcoin BTC. The trading volume over a 24 hour period is $536,557,524 and the market capitalization is $2,926,032,204.

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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