Cardano News Today – Cardano Might be One of the Most Interoperable Blockchains in the Space – August 18th, 2020

  • Cardano is Primed to Become one of the lost interoperable Blockchains in the Space According to Sydney Ifergan
  • Cardano ADA’s Surge Above the $0.1500 Level is Cut Short as the Token Declines 

Cardano News Today – Cardano has been getting a lot of media attention since the beginning of the year for good reason. All the effort the Cardano development team has put in place has been to enable the smooth transition to decentralization. Apart from making it more decentralized, these updates have also made the Cardano blockchain more interoperable. Recently, Sydney Ifergan said that the Cardano blockchain is about to become one of the most interoperable in the entire blockchain space. The comment was made in a forum as members of the Cardano community discussed the progress of the token.

Cardano News Today – Cardano to be the Best Blockchain in the Space

When it comes to scalability, decentralization, and security, the Cardano blockchain is now on top. They talked about different aspects of the Cardano blockchain and classified different blockchains based on the improvements over the last ten years or less. Bitcoin was classified as a first-generation blockchain because it is a simple decentralized ledger that is used for transferring value and it was the first blockchain to ever be created. The second most popular blockchain, Ethereum, was created as a double layer decentralized computer which wasn’t just meant for the transfer of value.

Cardano is more like Ethereum than Bitcoin because it has multiple use cases thanks to its value layer. Thanks to the Shelley codebase and all the other recent updates, the Cardano blockchain might have what it takes to take over from Ethereum soon. Even if the final version of Ethereum, Ethereum 2.0 has many amazing benefits, Cardano is still more scalable. Ifergan sees Cardano as the blockchain of tomorrow. He and others in the forum agreed that the Cardano blockchain isn’t going to replace the existing blockchains but it will bring about the evolution of blockchain technology.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$1.03

Ifergan believes that the blockchains that will make it to the future are those with interoperability like Cardano. In his words;

“Cardano (ADA) probably is set to be most interoperable in the future as we are already seeing open interactions between the leaders of Litecoin, ETC.”

Cardano Price Prediction 2020 – Cardano ADA’s Surge Above the $0.1500 Level is Cut Short as the Token Declines

At the time of writing, the price of the Cardano ADA token was $0.138925. It is down by 2.39% against the USD and down by 4.73% against Bitcoin BTC. The trading volume over 24 hours is $376,236,810 and the market capitalization was $3,601,918,344. Yesterday, the token was bullish against the USD. It moved as high as $0.14800 but was unable to surge across the resistance at $0.1500. The Cardano ADA bulls seem to have run out of steam.

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.