Cardano Introduces Seiza Cardano Blockchain Explorer by EMURGO, Will This Prompt A Mini Bull Run for Cardano?

The Seiza Blockchain Explorer is one of the new offerings from the Cardano network. It is a Blockchain explorer designed to makes it easy for its users in tracking transactions on Cardano’s Blockchain. Announcing their new product, EMURGO the development team behind the initiative, revealed that Seiza offers utility and transparency for ADA users. EMURGO is a section of Cardano’s team responsible for the development, support and incubation of commercial ventures. EMURGO took to Twitter to announce its new offering:

Cardano (ADA) Price Today – ADA / USD

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We are truly excited to unveil the ‘Seiza,’ protocol. It is an all-new Cardano Blockchain Explorer by EMURGO! Starting from now, you can go to the website. With Shelley set to go live in the near future, we have put Seiza forward to provide utility and transparency for ADA holders.”

Such a move should definitely have an impact on the price of Cardano. The price of Cardano is at as of press time according to CoinMarketCap.

Cardano Price Prediction 2019: The Unveiling of the Shelley Upgrade – Cardano Price Forecast

Cardano is preparing to launch a major upgrade called Shelley. Shelley is set to be the second most prioritized exercise in Cardano’s roadmap. The release of Seiza has coincided with the Shelley upgrade.

Once launched, Shelley will be used as a tool for improving the decentralization of Cardano. It will provide more stability with the Proof of Stake consensus model.

With these latest developments, Cardano has been re-engineering itself in the consensus world. Apart from the nodes, holders of ADA will use the stake pool model to delegate their stake and participate in creating new blocks.

Cardano Price Prediction: Cardano Gives Incentives to Users of its POS Consensus Algorithm

Consequently, as indicated on their website, Cardano declared:

We are going to offer incentives to those who have chosen to delegate their stake in a bid to become active participants in Cardano’s PoS consensus model.”

Cardano is looking to set up a delegation certificate. This certificate will bind ADA holders with delegated coins and stake pool operators. This initiative is supported because everything operates on-chain. ADA holders who may have delegated their coins won’t have to any need to pay stake pool operators for services performed on their behalf.

Cardano Price Prediction: Should We Expect More Upgrades From Cardano (ADA)?

In addition to the Shelley update, Cardano has revealed that it will also undergo three more upgrades including Basho, Goguen, and Voltaire. After these upgrades have been implemented, they will bring something fresh and make the Cardano platform better.

For example, the Goguen upgrade is designed to create an enhanced virtual machine and universal language framework. The goal is to target future Blockchain innovations. With this upgrade, Cardano aims to cut down the risk of vulnerabilities, before focusing its resources on scalability, security and performance by introducing the Basho upgrade. The Voltaire upgrade is expected to instill a treasury system which will be the governing model on Cardano’s network.

It isn’t uncommon for reports like these to impact the price of Cardano. We can only wait to see the progress of the price of Cardano after each upgrade has been implemented. Same applies for Cardano’s new Blockchain Explorer by EMURGO.

 

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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