Cardano News Today – Cardano to be Flooded With dApps Before the End of 2021, ADA Retraces – July 27th, 2020

  • Cardano Development Team Promises that the Blockchain Will be Flooded With dApps by the End of 2021
  • Price of Cardano ADA Corrects Lower After Major Surge to New Yearly Highs

Cardano News Today – With the latest Shelley launch less than three days away, it’s not a surprise that the Cardano community is extremely excited and “buying the news”. The long-awaited Shelley update promises to change the game in the blockchain industry. The founder of Cardano, Charles Hoskinson, has promised that the Shelley update will make Cardano the best blockchain in the system. IOHK has already activated the process for the launch and has until the end of the day to detect possible drawbacks and correct them. So far, no errors have been seen.

Cardano News Today – Cardano Blockchain to be Flooded With Decentralized Applications

IOHK has completed the last test and signed off on the July 29th Shelley upgrade. Everything is for the transition from Cardano Byron to Cardano Shelley. The V1.8.0 update, which is the final version of Cardano’s Shelley, was created to make the platform more efficient in every ramification. All the final versions of the blockchain, Cardano DB-Sync, Cardano REST, and Cardano GraphQL have been released successfully. Even the Daedalus wallet has been released. While it is still a test wallet, it has almost all the features users will enjoy in the final version. It is connected to the MC4, Node v 1.18 so you should expect optimal functionality. Regarding the completion of all the necessary levels, a representative of IOHK said;

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.138

“This version of Daedalus is very nearly feature-complete, so it is a very close facsimile of what you’ll enjoy on the mainnet after the Shelley hardfork. But of course, this is still a test wallet. Alongside the new features, there are several known issues for this wallet which will be addressed in the mainnet release.”

With the Shelley mainnet running smoothly, you should expect developers to migrate from their given networks and start building decentralized applications on the mainnet. Charles Hoskinson has asked the Cardano community to expect a surge in the number of dApps on Cardano;

“This time next year I predict there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects, and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is ready to innovate.”

In other news, Cardano has made significant progress over the last few months. In the last 48 hours, the token has surged even higher against the USD and it has carried the rest of the market along. Cardano ADA set new 2020 highs yesterday when it crossed the $0.1500 level successfully. However, it faced resistance and the price fell to the current $0.140884. It is down by 7.28% against the USD and down by 12.09% against Bitcoin BTC.

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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