Cardano (ADA) News: Cardano Network Will Be More Decentralized than Bitcoin and Any Other Cryptocurrencies

All digital currencies are trying to be the best cryptocurrency in 2019. In light of this aim, all of them are doing their best and of them is Cardano. Cardano has a very strong community behind it. The community usually gets excited whenever there is bullish crypto news or positive development around the coin. Another strong personality behind the progress of the coin is the chief executive officer of IOHK – Charles Hoskinson. Hoskinson talked about recent Cardano network upgrades and Cardano 1.5 update.

Cardano 1.5 update is crucial for our preparation for migrating to the Shelly development phase. The update introduces a new consensus protocol – Ouroboros BFT. This is a vital step in the transition from the present consensus protocol of Cardano (Ouroboros Classic) to the consensus protocol for the Shelley phase (Ouroboros Genesis). Ouroboros Genesis is a very important upgrade to the protocol running the Cardano network as it is the first Proof of Stake protocol that matches the security guarantees of Proof of Work protocols like Bitcoin.”

There is an array of upgrades aimed at increasing the decentralization of the Cardano network. Hoskinson said that the 1.5 upgrade is the first in the array of upgrades. He said that after the upgrades, the Cardano Network will be 100 times more decentralized than Bitcoin. He also added that the Cardano network will end this year more decentralized than any other network.

Cardano (ADA) News Today

Cardano ADA News has been bullish for a while now. The blockchain project has secured a lot of strategic partnerships and it has been featured on several trading platforms. That, coupled with the bullish Cardano price prediction 2019, the digital currency has been able to maintain its relevance in the crypto space.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.0410.00%

Cardano price recently saw a strong uptrend over the $0.085 resistance level. The recent crypto bull run helped to push the price of Cardano over the $0.0940 resistance level. Cardano price even tested a new yearly high at the $0.1016 level before it started correcting lower. The price of Cardano plunged lower and broke the $0.0940 and $0.0920 support level.

Cardano even corrected below the $0.0855 support level and the 50 percent Fibonacci retracement level of the previous swing from the low of $0.0690 to the high of $0.0825. Nevertheless, the $0.0820 level acted as support for the coin.

Cardano Founder On Bitcoin: “It’s Blind, Deaf, And Dumb, And You Can’t Really Do Much With It.”

According to Investinblockchain; Charles Hoskinson, the founder of Cardano (ADA), and the co-founder of Ethereum (ETH), talked to Ivan on Tech’s YouTube channel where he delved into the progress of Cardano, compared Cardano’s blockchain with Ethereum’s, and, oddly enough, with Bitcoin’s (BTC) as well.

According to Hoskinson, he and his team identified 3 key areas that they really wanted to focus on in order to compete and do something innovative in comparison to Bitcoin and Ethereum.

He stated that while Bitcoin set out to be a currency, it’s not particularly useful beyond that scope. He even went on to say:

“It’s blind, deaf, and dumb, and you can’t really do much with it.”

Therefore he wanted to create a programmable blockchain that was capable of expansive things. So, he co-founded Ethereum, which is technically more advanced than Bitcoin, but realized early on that it too faced multiple setbacks regarding its programming.

You can the full interview below:

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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