Cardano is set to release a new update that will enhance the blockchain project. Cardano is one active crypto project in the crypto industry with a lot of developments and updates around. The crypto project has a large community base that has been rendering their full support to the digital currency. ADA has also presented itself as a great investment opportunity for many digital asset investors. Cardano (ADA) is among the top twenty digital currencies in the market, precisely the 12th largest by market cap.
Cardano (ADA) Price Today – ADA / USD
Cardano (ADA) has a strong team and developers behind it. The founder of Cardano – Charles Hoskinson, who is also a co-founder of Ethereum – has been strongly behind the project. He is very outspoken and he has been at the forefront of the development and adoption of the digital currency as well as its distributed ledger. Recently, the founder of Cardano took to Twitter to announce the forthcoming update of the Cardano network.
Charles Hoskinson Announces the Forthcoming Release of Cardano V1.6 – Best Cryptocurrency to Invest in 2019 – Cryptocurrency Market Update
The new version of Cardano will be rolling out in the next couple of days. According to a tweet by Charles Hoskinson, version 1.6 of Cardano will be released in a few days from now. In his tweet, he asked the Cardano community members to comment on the latest version of Daedalus and also sent screenshots. Daedalus is an open-source digital currency wallet that is backed by IOHK.
According to the website of IOHK, Cardano is a blockchain platform that uses Ouroboros – a Proof-of-Stake algorithm. The native currency that runs the network is ADA and it is based on Haskell – a functional programming language. Daedalus is the only digital currency wallet that supports ADA. Daedalus has other use cases according to the website. Users can use Daedalus as a wallet manager to provide backup and organize other wallet and their assets.
Hoskinson Would Be Working on a New Project, Polymesh – Cardano news Today – Cryptocurrency Market Update
According to an earlier report, Charles Hoskinson made a notable announcement while speaking at the Blockchain conference Consensus 2019. The founder of Cardano said that he would be embarking on a new project with Polymath – a security token platform. The name of the new project is Polymesh and it aims to create a blockchain for tokens focused on meeting regulatory requirements. While speaking at the event, Hoskinson said:
“After co-founding Ethereum and Cardano, two of the most widely used blockchains in the world, I am looking forward to working on Polymesh. There are quadrillions of dollars of financial securities, and building a blockchain to secure them is an incredibly exciting task.”
Cardano (ADA) Price Analysis – Cardano Price Prediction 2019 – Cryptocurrency News Today – Cryptocurrency Market Update
Cardano (ADA) is currently the 12th largest digital currency in the market by market cap. ADA is one of the few coins trading in the green at the time of writing. At the press time, the digital currency is supported at the $0.0520 mark. Whereas, the immediate hurdle of the coin is at the $0.0540 mark.
ADA USD live price is $0.0530 after an increase of about four percent over the past twenty-four hours. The current market cap of the digital currency is $1.37 billion. The trading volume of Cardano (ADA) over the past twenty-four hours is $50.81 million.