- Participants Enjoy Making Decisions on the Cardano blockchain
- Cardano Executive Aparna Jue Says they are Letting the World in to Run the Network
- Cardano ADA Retraces in Market-wide Correction, Holds Support at $0.1320
Cardano News Today – One of the major benefits of the Cardano Shelley update is its decentralization. The update makes the blockchain 100 times more decentralized than it used to be and this means more people can make major decisions about making blockchain changes. This is much better than centralized or semi-centralized blockchains that are controlled by organizations. One of Cardano executives, Aparna Jue, during a podcast with Andrew Hayward, said that they are opening Cardano to the world.
Cardano News Today – “We’re Letting the World in to Run the Network”
In the latest Decrypt Podcast, Aparna Jue said;
“Shelly brings to us a level of decentralization, where we’re letting the world in to run the network,” Jue told host Matthew Aaron on Monday’s episode of The Decrypt Daily podcast. “We’re doing that by slowly letting them create the blocks instead of us managing it 100%. It’s going to be complete when the community manages it 100%.”
Cardano (ADA) Price Today – ADA / USD
Name Price $1.33
Shelley was a result of 5 years of hard work and the community is now enjoying the result. Things like delegations and staking pools have helped to make the blockchain perfect. While decentralization is great, Jue said that the initial centralization of Cardano allowed IOHK to make Cardano a robust network and address some issues that they faced along the line. Along with the scientific backing, this robustness is what separates Cardano from other blockchains. She continued;
“Our differentiation or value proposition really sits in the methodology in which we go about it. Everything… the point is, it’s got to be robust,” she said. “Charles [Hoskinson, Cardano’s founder,] has said this until he’s blue in the face, but it really starts with that research. That’s why we have a huge scientific community as a part of IOHK, a part of our company is because […] they prove out first mathematically and from a research angle before we even think to implement it in the product.”
Cardano Price Prediction – Cardano ADA Retraces in Market-wide Correction, Holds Support at $0.1320
In other news, the price of the Cardano ADA token is now declining against the USD as the rest of the cryptocurrency market is retracting. At the time of writing, the price of the token was $0.132869. It is down by 5.44% against the USD and down by down by 1.73% against Bitcoin BTC. The trading volume over 24 hours was $392,795,852 and the market capitalization was $3,444,898,420. The token is correcting lower after enjoying a surge to the $0.1450 level yesterday. In the next few days of trading, we will know what direction the token will take.