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Cardano News Today – Top Headline for Cardano ADA December 9th, 2019

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  • Charles Hoskinson to fight ChicoCrypto a Crypto-Youtuber in MMA Match for Charity
  • Fight reward to be shared to St. Judes Children’s Hospital

Prominent YouTuber ChicoCrypto and Cardano founder Charles Hoskinson may be in the ring soon for an MMA match. The proposed fight will be to raise funds for St. Judes Children’s Hospital. In an astonishing turn of event, we may be seeing the first MMA match between two prominent figures in the cryptocurrency world.

Jason Appleton (@jasonappleton) has planned a fighting match between YouTuber ChicoCrypto and Cardano (ADA) Founder, Ch

arles Hoskinson. The sole aim of the boxing match is to raise money for St. Judes Children’s Hospital. The proposed fight started as a joke which is gradually seeming to become a reality.

Cardano (ADA) Price Today – ADA / USD

NamePrice
Cardano$0.038-0.39%

Taking to his Twitter page, he went thus: “Ladies and Gentlemen, @ChicoCrypto has agreed to fight @IOHK_Charles in August of 2020 in an exhibition MMA match in Cincinnati, OH. No purse. Profits will go to St. Judes Children’s Hospital. Let the training begin! Fighters, please sign in the comments. Agreed?”

Responding to the Tweet, Hoskinson stated with a resounding yes to the proposed fight stating that: “Just landed in Vegas, let’s raise a million for the kids.” Hoskinson appears to be ready and looking forward to the fight for a good cause.

Fight reward to be shared to St. Judes Children’s Hospital

ChicoCrypto has also asserted his intent to go through with the fight. The confirmation was made public when ChicoCrypto confirmed to his viewer his intention of going through with the fight during his live stream on YouTube. The fight is slated for August 2020, giving both parties ample time to prepare. The proposed fight between the Cardano founder and ChicoCrypto has encouraged others to envisage other leaders in the cryptocurrency world going head-to-head for a good cause.

Commenting on this, @JackofAltcoins states that there are some fights in the cryptocurrency world that many people would pay to see. Responding to @jasonappleton’s tweet, @JackofAltcoins stated that: The fight card should be:@IOHK_Charles vs @ChicoCrypto @ProfFaustus vs @cz_binance @justinsuntron vs @jaredctate @rogerkver vs @[email protected] vs @bytemaster7 @RichardHeartWin vs @ToneVays @CalvinAyre vs @PeterMcCormack.”

The same way some people are thrilled about the news, some are triggered. A particular user with the handle @MrTicketTaker states that he is not thrilled about the news and hopes it dies down soon. He went thus: “I hope this whole thing dies. I don’t look forward to hearing about this for the next 9 months while I sift through the latest ADA news. I hope you both just agree to let this die and donate to whatever charity.”

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Cardano [ADA]

CARDANO: Looking Forward in 2020 – Product Release & Updates

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As the new decade kicked off, cryptocurrency Ada witnessed a 12.82% price pump. It seems to have finally broken its yearlong bearish trend. As a home of Ada cryptocurrency, project Cardano is turning out to be quite a promising one. That’s because it assures to solve the scalability snag of blockchain networks.

Conceptualized by Ethereum Co-founder Charles Hoskinson, Cardano did not achieve everything it promised in 2019. It braved the crypto winter but the project’s momentum suffered.

In early 2018, Hoskinson claimed that by 2019 project Cardano would be:

  • Fully Decentralized;
  • Will have smart contracts;
  • Lots of liquidity;
  • Multisig paper wallets;
  • And Hardware Wallet support.

Its 2020 and the project is yet to fulfill all these promises. Nonetheless, it managed to achieve a couple of milestones.

Fundamental analysis 2020

Three organizations oversee the development of the Cardano platform, which defines itself as a 3rd generation blockchain:

  • The Cardano Foundation
  • IOHK
  • Emurgo

We took a closer look at the synergetic work the three organizations put in Cardano in 2019. And this forms the basis of Hoskinson’s recent claim that 2020 will be the “Cardano Decade.”

Early 2019

2019 started on a good note for Cardano. Back then, Ada proved to be immune to the fake stake attacks by US researchers. And the credit goes to the Ouroboros protocol developed in the Cardano Byron era. It is the first provably secure PoS protocol that forms the basis of the Shelly era.

Meanwhile, IOHK released formal specs for PoS Sidechains. As the team claims, this is the first theoretical paper for PoS sidechains.

Transition Era

The project transitioned from Byron Era to Shelley Era in March 2019. Shelley is a fresh code base with new staking and delegation functionality.

Launch of Self-node

In June, the team delivered the first testnet build of Jörmungandr, the first networking node. Its focus was to involve the community across the globe to refine codebase and test its robustness.

The first decentralized implementation of Shelley was tested in late September. And this led to the development of the currently running Incentivized Testnet. The users who possess ADA in Yoroi mainnet or Daedalus wallet according to the 29th November snapshot can participate.

Unarguably, the launch of its incentivized testnet was a tremendous success. Within 24 hours of the testnet going live, 5 billion ADA coins stood staked. And at press time it has already launched over 500 stake pools.

What is Shelley Incentivized Testnet?

It offers stakeholders two opportunities. Firstly, they can delegate their stake, secondly, they can operate a stake pool to earn Ada rewards. The stakeholders can choose to do both.

The current incentive model is not final. Over time more factors will be added to ensure the model progresses as desired.

Current Testnet Rewards

The rewards generation is directly dependent on the percentage of network participation.

In case of 50% participation

Annual return for delegation = 7-8%

In case of < 50% participation

Annual return for delegation = 13-15%

For more accurate answers please refer to the rewards calculator on Incentivized Testnet website.

In case of 50% participation

Return Rate for stake pool operators = 10%

(In case 10,000,00 ADA is pledged)

Return Rate for stake pool delegators = 12-13%

According to reports, ADA worth 3.8 million will be distributed as a reward per era.

Shelley Pump

Over the last 24 hrs, ADA recorded a 3.6% price momentum and ADA worth $172,629,091 exchanged hands. Undeniably, the credit goes to the rollout of Shelley testnet. With that Cardano is imminently approaching its mission. And that is to support a global fully decentralized ecosystem.

Additionally, the team is working towards the community demand of bringing forward staking as a service.

The team will be releasing Shelley incentivized testnet upgrades every Wednesday. The rationale boils down to addressing the community reported issues. Daedalus, the cryptocurrency wallet will also be receiving weekly updates. And it seems the wallet it quite close to support hardware wallets.

Sharding Outlook

Ada is popularly called the “Ethereum Killer.” This is because the founders claim, it is far more advanced than Ethereum. Both Ethereum and Cardano have sharding on their roadmaps to increase scalability.

For your reference, in sharding, the blockchain database is horizontally partitioned to spread out the load. Thus increasing the throughput.

According to recent

insight from Weiss Crypto Rating, Ethereum, Cardano, and Hashgraph are the only projects that have theoretically worked out sharding. But it strongly believes that Ethereum 2.0 will be the first project to implement the same.

Weiss has exhibited a soft corner for Cordano in the past by calling it the “most deeply undervalued project.”

Collaborations

Last year Cardano entered into a strategic partnership with Sportswear giant New Balance. And it also signed an MOU with Ethiopia to build a cryptocurrency for the nation.

Cardano Predominant 2020 roadmap

The community stands witness to the hard work development team has been putting in. According to the roadmaps and Charles latest tweet, the 2020 focus for the team is:

  • Smart contracts;
  • Scalability;
  • Decentralization;
  • High assurance;
  • and Governance.
Developing technology with the right intent

In his recent AMA, Hoskinson said that the team is working towards building the right technology. They have identified the real need to support the right intent. With sharding and parallel chain updates coming to Shelley, the blockchain scalability issues will soon be eliminated. Shelley’s stake pool size continues to grow. And the project claims to turn out 50-100 times more decentralized as compared to other blockchains. Shelley’s mainnet is progressing to go live by early 2020.

According to Hoskinson’s recent tweet, as the pool magnifies, the momentum of growth with go up.

Roll-out of jormungandr 0.8.6

Cardano pool operators received a major upgrade in early 2020. It did not address the clone stake pool issues of the incentive model but the upgrade did improve the network stability.

Fake wallet alerts

The foundation warned the community against a fake Yoroi wallet website. The imposter is trying to steal user funds by offering check balances and wallet restore.

Smart contract work

Along with Shelley, development teams are working on Goguen that renders smart contract capability to the network. With this Cardano will pave its way to enterprise-level usability as it will add multi-currency ledger support. And both fungible and non-fungible token support.

In late 2018, IOHK introduced Plutus for the Goguen era. This will be a universal language framework and can be used to write both on-chain and off-chain applications. Furthermore, it lays the basis of the Goguen era that will start by 2020 (tentative date). And this is the phase where tokens will gain utility as smart contracts will be executed.

Cardano Improvements Proposals (CIPs) 

To oversee the CIPs, the company plans to introduce a voting system. Initially, all the CIPs will be proposed by IOHK.

Eyeing collaborations 

Cardano intends to expand collaborations, eyeing top-notch players like Hyperledger, Wc3, Horizon and more.

Based on its roadmap and community excitement, ADA seems to turn into a beast in 2020. If Cardano is able to keep up the promised work, it might eventually replace Ethereum. 

Previouslywe covered the launch of AdaPay and Daedalus Rewards Wallet.

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Cardano [ADA]

News and Top Headline for Cardano ADA, January 18th, 2020

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  • Cardano releases the Jormungandr 0.8.6 version for Cardano pool operators
  • Cardano ADA Price Analysis – fluctuating price trend

Cardano’s Ambassador, Rick McCracken recently announced that IOHK, the research and development wing of the decentralized public blockchain and crypto project, Cardano released the Jormungandr 0.8.6 version for Cardano pool operators. The recently released version is targeted at enhancing the network durability of the node. The release of Jormungandr 0.8.6 comes alongside numerous optimizations. IOHK quoted modifications in terms of code quality in the network code and the storage.

Also, the service manager, which is the module that trails all the tasks running in the node, has been improved following the Jormungandr’s shift to the 0.8.6 version. IOHK’s official statement goes thus:

“This release does not provide a quick solution to some of the issues reported by the community such as the clone stake pools problem. This is an issue linked to the incentive model and the issues of the network. Improving the network has a higher priority right now.”

With the execution of version 0.8.6, CandidateForest has been removed, an update has been transmitted for chain-deps, for rand and network API changes. Moreover, the TCP server connection manager, which denies incoming connections when full, has been enforced.

Previously, it was reported that the Cardano ecosystem has been concentrated on network and durability enhancement. To aid the sustainability of network duration, Cardano Foundation’s Rust team is prepared to provide a network patch for the ITN this month.

Similarly, the CEO and Co-founder of IOHK, Charles Hoskinson had also disclosed that the blockchain engineering firm plans to bring in “oracle providers and data providers” to the Cardano blockchain for it to have a “competitive offering”.

Cardano ADA Price Analysis – Fluctuating Price Trend

In the last 24 hours, Cardano ADA’s price has been trading positively. ADA price has broken the 30-days high twice in the space of seven days. The 90-days high is at $0.0466, while the 30-days high is currently at $0.0430. The forthcoming days are projected to be thriving. Today, ADA coin started the day with a slight price plunge. The price trend shifted from $0.0417 to $0.0411 by 1.51%. The price increased to $0.0439 by a massive surge of 6.97%. Also, the Cardano ADA price declined to $0.0425 by 3.32%.

Cardano (ADA) Price Today – ADA / USD

NamePrice
Cardano$0.0442.54%

The coin price plunged to $0.0439 and broke the instant resistance level at $0.0429. Currently, ADA coin has indicated a price decline. Also, it is relatively close to the instant resistance level. Hence, the prospect of modification is still unscathed. The ADA coin is projected to give a profit to long-term investors.

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News Today – Top Headline for Cardano ADA

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  • Cardano developers to provide patches for incentive testnet for the launch of Shelley
  • Cardano ADA is decentralized 

After the launch of the incentivized testnet, the IOHK and the Cardano ecosystem has been developing its tech. Currently, they are focused on network and stability enhancements. In the same light, the CEO of IOHK, Charles Hoskinson declared that the Rust team is ready to provide a network patch for the ITN in the coming week. After this, the team will continue to release regular patches to maintain network stability.

Cardano (ADA) Price Today – ADA / USD

NamePrice
Cardano$0.04111.83%

Also, Hoskinson declared that the team was deliberating the usage of capacity metric while collating feedback and data on how the pools are being run by the users. And also if the designed protocol would, indeed, help the fountain attain decentralized and a stable network.

In the recent AMA session, the exec send:

“We have been able to collect an enormous amount of data about the use and misuse of the protocol. we’re now getting a lot of feedback about the good, the bad, and the ugly second we were very curious to see if the parameters we had chosen and the way that we had designed the protocol would allow us to achieve decentralization and performance and a stable Network.”

In a case where someone in the network acts cruelly, Hoskinson stated that it would be easy for developers to

install that he termed “punitive measures” with the pledging device.

The idea behind pledging, installed in the incentivized testnet, is where the stake pool operators assign their stakes to their pool and register a pledge address when they register the stake pool with the Cardano Foundation. Before the launch of the Shelley Mainnet, the foundation was evaluating means on how to advance the protocol. Also, the Cardano forum declared that after the launch of Shelley’s mainnet, the Haskell Shelley testnet will be released soon.

Cardano ADA is Decentralized

There has been a series of questions seeking if Cardano is decentralized or not. According to Hoskinson, Cardano is decentralized. The pools are shared equally, hence they do not get flooded in the market. The price of the ADA coin has been trading in the bearish zone for some months now. The coin has recently gained substantially. Previously, the price was trading at $0.038 and might rise to $0.041 and $0.053 per RSI and MACD. Also, the price might likely decrease if the trends fail to break the wedge.

In the past few days, Cardano has been trading upside. The massive increase has helped the coin to surpass its previous price decline. Regardless of the price volatility, ADA has maintained its price momentum as the price didn’t decline below $0.0386 in the past 24 hours. Currently, the coin is trading towards the significant support area at $0.0360, and it seems likely that it might test this area before a price recovery.

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