Cardano ADA Explodes After Recent Promising Announcements

Like so many other altcoins, Cardano (ADA) has also seen a great upward movement in price, no doubt in part because of the good news that the Shelley phase of the project, which would introduce several new features, is due to go live on the testnet in June, after it had been said that the mainnet version was expected to be launched by the end of Q1 2019, which has been delayed.

Shelley brings with it several major upgrades, including a Proof-of-Stake consensus mechanism, quantum resistance, paper wallets, human-friendly addresses, and MultiSig transactions.

Cardano has taken a patient and methodical approach to the development of its network. Lead Charles Hoskinson, who regularly hosts AMAs and offers updates on the project’s progress, has said that Cardano’s development is something on the scale of many years.

Shelley’s arrival, as significant as it is, is only just another step for the project, with the Goguen, Basho and Voltaire phases to follow. The latter phases will bring universal language frameworks, scalability and security improvements, and a treasury system and governance model.

At the time of publishing, Cardano is priced at $0.086, up 7.4% over the last 24 hours.