Cardano gets a boost after partnering up with Konfidio in Germany; Shelley to be fully implemented soon

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.

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.

Cardano gets a boost after partnering up with Konfidio in Germany; Shelley to be fully implemented soon

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