Sunday, September 20, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

    Cardano PoS Upgrade, One of the Most Awaited Crypto Development in 2020

    Must Read

    Jed McCaleb Effects about $3 Million Selloff, As XRP Liquidity Indexes Stay Low

    Going by the recent data released by Bithomp, Jed McCaleb, who co-founded the cross-border payment giant, Ripple, has initiated...

    Analyst Says XRP Price Has Potential to Surge By 30% Once It Breaks This Resistance

    A cryptocurrency analyst identified as TiborVrbovsky has opined (using an illustrative chart on Tradingview) that the fourth largest digital...

    Kraken Exchange to Return to Japan with XRP, ETH, LTC, BCH, XBT Spot Trading

    As recently announced, the top cryptocurrency that just became a United States Bank after winning bank charter approval, will...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    There are awaited developments in the cryptocurrency space in 2020. But some are more prominent than others due to the magnitude of the task or solution they are possibly coming to proffer.

    Crypto upcoming developments such as Bitcoin halving, where the daily reward of miners will be cut by halve. Average Bitcoiners believe this event will greatly impact the price of Bitcoin and the cryptocurrency ecosystem as a whole given to the history attached to the event.

    The launch of embattled Facebook’s cryptocurrency, Libra is also expected in 2020, as well as Ethereum PoS Transition.

    Cardano (ADA) Prepares for PoS Upgrade

    In this article, we are centering our attention on one of the most awaited crypto development in 2020, Cardano PoS upgrade.

    Cardano (ADA) is getting ready to release a new PoS system. This upgrade is expected to present the PoS platform as a public network.

    The project is considered the first blockchain platform to be developed from the in-depth of the scientific philosophy, coupled with a high level of research.

    Currently, all transactions done using Cardano (ADA) are being validated by a federated system of validators, comprising Cardano Foundation, Input Out Hong Kong (IOHK), and Emurgo.

    According to one of the statements made by the CEO of IOHK, Charles Hoskinson, the awaiting public network is expected to accrue more interest of the people far better than Bitcoin or any other PoW system.

    While Charles was describing the upcoming network upgrade named Shelley, and the mission of achieving the full decentralization of the Cardano network, he said, “This marks the starting point for handing the [Cardano] protocol completely to the community.”

    At press time, Cardano (ADA) occupies 13th position and it’s trading at  $0.044787, with a 0.94% price downtrend in the last 24 hours. This slightly unfavorable market situation has also negatively impacted the majority of the digital currencies in the market.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Jed McCaleb Effects about $3 Million Selloff, As XRP Liquidity Indexes Stay Low

    Going by the recent data released by Bithomp, Jed McCaleb, who co-founded the cross-border payment giant, Ripple, has initiated...

    Analyst Says XRP Price Has Potential to Surge By 30% Once It Breaks This Resistance

    A cryptocurrency analyst identified as TiborVrbovsky has opined (using an illustrative chart on Tradingview) that the fourth largest digital currency by market capitalization, XRP,...

    Kraken Exchange to Return to Japan with XRP, ETH, LTC, BCH, XBT Spot Trading

    As recently announced, the top cryptocurrency that just became a United States Bank after winning bank charter approval, will soon reopen in Japan with...

    Galaxy Digital CEO Mike Novogratz Reveals Percentage of BTC and ETH in His Portfolio

    The CEO of Galaxy Digital, Michael Novogratz, has revealed the percentage of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies in his portfolio. The veteran cryptocurrency...

    Ripple Enhances Its Partnership with Bill & Melinda Gates Foundation

    As a report has it, Ripple, the US-based cross-border payment firm has become a sponsor member of Mojaloop Foundation, which implies that the payment...

    More Articles Like This