This website uses cookies to ensure you get the best experience on our website
Join us on Telegram for FREE daily market updates!

Blog

Date:
25th Nov 2020
Author:
CryptoAltum Research Team

More Cardano Update Scheduled for December


Cardano will release more updates about Goguen, wallet development, and smart contracting in early December, Charles Hoskinson, the founder, revealed in the latest community update. Like Ethereum, Cardano is transitioning. The last upgrade allowed staking via Shelley. Presently, the team is preparing for smart contracting through the Goguen hard fork.


Details: 

Perched at 10th, ADA’s market cap is based on Cardano’s roadmap and how well they execute their critical upgrade. Every upgrade is a milestone. So far, the platform has activated Shelley (staking) and Byron (consensus setting). The next three hard forks starting with Goguen and concluding with Voltaire will increase Cardano’s use case transforming it from a purely transactional, Proof-of-Stake layer to a smart contracting network competing with Ethereum on decentralization and throughput. Through to Goguen activation in February 2021, Cardano will implement three Hard Fork combinators starting from early Dec 2020.


Impact on the ADA Price: 

Bullish. Their lock-step, meticulous improvement of source code and functionality is bullish for ADA buyers. Presently, the coin is up 50 percent in the last week of trading.


More market updates on our Blog 


Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.
  • Copyright Excel Innovations Ltd (CryptoAltum) 2020