- Cardano’s Team Recently Unveiled Information About the Incentivized Testnet Generating Staking Platform to the Network
- Benefits of the Testnet
Quite a few of the Cardano team held an AMA session to reveal the company’s plans and present status about the launching of the Shelley incentivized testnet. The senior product manager of Cardano, David Desser, the company’s DevOps engineer Sam Leathers, Jormungander testnet product manager Dynal Patel, education team leader Alejandro Garcia and Jormungander engineer Nicolas Di Prima,
The Cardano blockchain clocked its second year this month, two years of broad research leading to the launch of a testnet for the new era of its development. As per the report by Esser, Cardano has been soaring high in the last few weeks, the network execution of Jormungander, the node that carries out the protocol that administers Cardano, supposedly got a good response from the community, which according to Esser influenced the development of Cardano.
The Cardano network is ready to launch the incentivized testnet for Shelley, whose testnet went viral in the second half of June. An incentivized testnet employs real incentives in the shape of staking and delegation profits to bring in participation, unlike the traditional testnet which is a closed-off sandbox environment. Esser reported that in Shelley’s incentivized testnet, the company will be able to see how game theory and profits are gotten by actual people on the network.
Added Benefits of the Testnet
During the live session of AMA, several users were interested in the benefits attached to the testnet. Esser was able to give vivid answers to all the questions, he also went further to explain that the whole snapshot of Cardano blockchain will be booked to regulate the number of users and the number of ADA on it.
Cardano (ADA) Price Today – ADA / USD
The testnet will permit users who save their ADA on hardware wallet to transfer their funds to either Daedalus or Yoroi wallets before the snapshot and then return them to cold storage after the snapshot is completed. This process will allow users who want to engage in the testnet to have all of the ADA they have in real life copied in the testnet.
The education team leader of Cardano, Alejandro Garcia stated that they were working on creating a repository for aid questions on Zendesk. Currently, Cardano is ranking 12th by market cap, the market value is up at 0.09% over the past 24 hours, and ADA has a market cap of $1.07 billion with a 24 hours volume of $42.39 million.
Charles Hoskinson Makes Bold Claim That 2020 Is Cardano’s Year
- Charles Hoskinson has made a bold statement in that the project is going to be massive in 2020.
- He believes the advanced protocols will function to position ADA as one of the strongest digital assets in the space.
- Hoskinson’s prediction comes after the market has taken a significant drawback and has even been slumping down over the past few days.
Charles Hoskinson, the main man behind Cardano has made a bold statement in that the project is going to be massive in 2020.
Hoskinson sent out a tweet recently where he noted the releases of numerous advanced protocols that he believes will function in order to position ADA as one of the strongest digital assets in the space next year.
According to founder, Cardano will be a “beast” come 2020.
Hoskinson’s prediction comes after the market has taken a significant drawback and has even been slumping down over the past few days.
The leading cryptocurrency Bitcoin alone has shed close to $500 this week… not that investors aren’t used to it.
Cardano fans came out after Hoskinson’s tweet, to commemorate the release.
In theory, the projects fan base looks optimistic but the reality is, is that one of them posted a reply saying Cardano had raised the bar for blockchain projects and is set to make huge waves in the market within the coming year (2020).
Cardano News Today – Top Headline for Cardano ADA, November 19th
- EMURGO’s Milestones Revealed: How Well has Cardano’s Commercial Arm Done?
EMURGO is the commercial arm of the Cardano Blockchain. It was founded in 2017 in Japan. The platform has expanded to countries like Singapore, India, Indonesia, and New York. EMURGO must closely work with the Cardano Foundation and IOHK to grow the Cardano ecosystem on a global scale and promote the network’s adoption. The CEO of EMURGO is Ken Kodama.
EMURGO Reports Its Milestones Crossed So Far
Through EMURGO’s four different business units, the firm has developed in-house focused products for the good of the Cardano community globally. One of the products in question include the Yoroi Wallet. The Yoroi Wallet is an open-source codebase library that allows third-party developers and enterprises to make their secure light wallets. It allows developers to explore Cardano on mobile devices and Internet browsers.
EMURGO also announced an investment into Y2X. The collaboration is meant to offer a forum for entrepreneurs to gather capital for expansion from Securities Token Offerings (STOs) or other means. EMURGO also launched dLab/EMURGO in collaboration with SOSV. The goal is to accelerate quality Blockchain projects that have real use cases concerning Cardano. There is also evidence that EMURGO recognizes how important Blockchain developer education is. Thus, it went on to launch an education business unit in India via the establishment of an extension of EMURGO in India earlier in the year. The goal is to offer a range of tailored Blockchain education courses for college students and career professionals, as well as enterprises.
Cardano (ADA) Price Today – ADA / USD
Another EMURGO unit in Indonesia focuses on providing Blockchain education workshops as well as Blockchain courses in collaboration with local universities. There is a growing debate on Blockchain technology utilities in India and Southeast Asia. The goal is to offer societal and economic benefits to local industries.
In a bid to add value to ADA holders, EMURGO forged partnerships to make onramps for high ADA liquidity plus use cases. Last year, Cardano’s commercial arm partnered with South Korea’s Metaps Plus. The goal is to offer a Cardano Crypto Card that will be accepted by 30,000 offline retail merchants in the Asian country. The collaboration also launched ADA payments for retail merchants in Okinawa, Japan. In the last two years, EMURGO has built up a solid social media base with a vast number of social media followers in all of its channels. It has also amassed more than 100,000 views on its Monthly Cardano Progress Report videos. EMURGO has also amassed 130 comprehensive blog contents available for free on the GitHub library.
ADA Price Analysis: Will Cardano Continue Its Upsurge?
The year 2019 has been kind of overwhelming for Cardona (ADA) with major highs and lows. The coin had reached its high in July 2019. Since then, the coin has been in a bearish trend, often being in the red zone. The past week had been better for ADA as it has seen growth in ADA/USD price.
Cardona (ADA) coin is in the 12th position as per the coinmarketcap data as of writing. The ADA coin has seen a steady surge of around 3% in the last 24 hrs. At present, the ADA/USD price is $0.045314 USD with a 3.06% growth rate, while the ADA/BTC price is 0.00000529 BTC with a 2.8% surge. The 24hr volume is $83,226,650 USD while the circulating supply is 25,927,070,538 ADA.
ADA Price Analysis for the last 7 days:
As seen in the chart below, the ADA coin had been in a bearish zone, dipping to $0.042 USD on 16th November. But since Nov 17, late hours, the Cardona coin has seen a great surge of approx 3%. This trend continues as of writing. The current surge rate is 3.06% and Analysts see a bullish trend continuing.
The ascent, which has occurred during the last two days, proves that Cardano ADA is on the rise. Cardano could easily spend another few days in the current value area before breaking out. Further, it could initiate a rapid price increase.
Moreover, the project’s founder, Charles Hoskinson believes that Cardona will be a “Beast” in the upcoming year. He says, ADA is surely among the coins to be sought out for in 2020.
What do you think of this ADA price analysis? Do you think ADA will continue its upsurge? Will the Bear trend gain momentum? Share your views on our Facebook and Twitter pages.