Cardano is ranked at #12, beneath Monero and Stellar Lumens on coinmarketcap. While the rest of the market is languishing, Cardano is yet to exit the green zone. A jump rate of 1.18% was felt in the course of the past 24-hours. At present, ADA is priced at $0.046907. The trading volume recorded is $44.412 million, whereas the supply has 25,927,070,538 ADA coins in play. The total market cap of Cardano is $1.216 billion.
Have you checked out the new Daedalus wallet 0.14.0, part of our #Cardano 1.6 release? Significant updates to the UI & wallet experience make it easier and more enjoyable to use, read more about the update here: https://t.co/xnIjBpkwHr #cryptocurrency pic.twitter.com/yHrQ2SLMGE
— Input Output (@InputOutputHK) August 16, 2019
The Cardano Foundation, the firm who attends to adoption-related issues for Cardano, has teamed up with Konfidio, a blockchain venture company based in Berlin. This was a move implemented in order to speed up the adoption of DLT by governments, and various other organizations.
Cardano was founded 3 years ago. The project kicked off in Switzerland, known for its pro-blockchain regulations. Charles Hoskinson and Michael Parsons were the men who were behind this initiative; Cardano is meant to exceed the capabilities of Ethereum as a “third-generation blockchain network”.
Nathan Kaiser of IOHK [Input Output Hong Kong] was happy with regards to this new deal. He stated this is a giant step “towards promoting and advocating Cardano” and expects mainstream interest to grow.
Dr. Marvyn G. Maistrey, Founder and CEO of Konfidio said, “…After having researched all the Turing-complete blockchains, we believe the third generation blockchain of Cardano is best-placed to ensure the stability and business continuity of real-life business models…”
Cardano is yet to fully bring about the Shelley era. Following this, the Goguen era will focus on smart contracts. The IOHK-Emurgo partnership is scheduled to expire a year later. It seems that Hoskinson and the rest of the executives have a lot to prove in a short span of time.
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