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Charles Hoskinson Returns with Big Cardano (ADA) News

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Cardano
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Cardano (ADA) founder, Charles Hoskinson, recently returned from his exile from social networks which followed after a minor controversy. His return, however, has also brought significant news regarding Cardano’s future development.

Charles Hoskinson’s recent return to Twitter was followed by a lot of excitement for Cardano supporters. Even more so when he decided to broadcast a live video update in which he announced that numerous updates are about to come. The updates in question include Cardano 1.3, 1.4, as well as Shelley update.

Cardano update 1.3

According to Hoskinson, Cardano 1.3 update is about to arrive today, August 8, or tomorrow, August 9. While he stated that no delays are expected, they are still possible due to the fact that percolating the update through the network can take around 12 hours.

He also talked about new update’s modifications, as well as those that will arrive in Daedalus. According to him, efficiency improvement is a large part of the changes, and there has also been a lot of refactoring to enhance the user experience. Memory usage has been reduced from 1.5 GB or 2.0 GB to around 150 MB or 200 MB, which represents a major 90% reduction.

As for the network refactoring, users can expect around 300%-large improvement when it comes to the time that the network needs in order to download a block. Together with other tweaks and changes, Hoskinson claims that the efficiency of Cardano (ADA) has become tremendously improved. He believes that the users will be more than satisfied with the changes and that the team is pretty satisfied with the quality that 1.3 will bring to Cardano.

Cardano update 1.4

After discussing 1.3, Hoskinson announced another update, which is Cardano 1.4. More than that, he even announced the new update’s date of arrival, which is to be September 4th. After that, the QA process will be started.

This is a very significant news for Cardano, especially since 1.4 updates will be the biggest one in Cardano’s history, with multiple big and important features that will come with it.

The update is also said to have a file system with 44 thousand files that will be used for storing the blockchain. This will be a massive improvement when compared to the previous number of 1.3 million necessary files. Code refactoring in this update will make it much easier to test and will bring even more quality to it than what 1.3 is about to bring.

Shelley Update

Finally, Hoskinson addressed Shelley. The update for it already received numerous specifications, and Hoskinson said that around 21 work units are dedicated to working on Shelley right now. He stated that work is linear and parallel, but that it likely won’t be finished before the month’s end.

He did not specify when Shelley is expected to roll out, but he did say that there were a lot of things that were holding the team up. However, a large part of the work has been finished, with the team already being very satisfied with it.

Cardano is definitely advancing to the next stage of its development, but one thing that a lot of people have noticed is that its price fails to reflect this progress. Similarly to the situation with TRON (TRX), Cardano has achieved a lot in a very short period, but it would seem that the current market is not ready to allow ADA to show this progress value-wise.

Still, it is expected that the change will come in due time, and Hoskinson and his team are not showing signs of disappointment or stopping.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blogs

What Changes May the Crypto Space Experience in 2019

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crypto
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After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

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Reasons Why 2019 May Be A Great Year For Crypto

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crypto
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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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coins
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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