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What has Cardano (ADA) been doing in the past few days? - Global Coin Report
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What has Cardano (ADA) been doing in the past few days?

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Cardano
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Daedalus, the highly secure wallet developed for ADA, plans to incorporate other cryptocurrencies and along with Cardano become blockchain application platform and an app store. The team of Cardano has already completed QA tasks for the upcoming launch of Daedalus 0.10.0 with Cardano 1.2.0.

Last week saw the “expansion of the Ada redemption feature with support for redeeming Ada with the certificates from the recovery service.” The Daedalus update makes way for the addition of two new tabs to the Ada redemption screen—“Recovery-regular” and “Recovery-force vended”. The process has been completed and the code is currently being reviewed. The team has already finalized the execution of test coverage enhancements of the React-Polymorph library.

Transport Layer Security (TLS) and Wallet Backend

Last week, other than conducting server side Transport Layer Security check, the team had sewn up all the strings of the story and again merged the branch with the latest developing branch. The code is currently being processed by the team and also needs to go through final checks. The team is also working on adding certain features and developing the new wallet. The weekly report (published 24th May 2018) of Cardano states that preliminary work has been done on choosing a feasible existent solution. Talks are also about the implementation of a tailored key-value storage for transaction metadata. But, at the moment it is not yet possible to merge the pull request due to certain Continuous Integration (CI) issues. Currently, the development team is working on it with the assistance of DevOps. At the same time, the developers are also working on the issues regarding submitting transactions to the network.

A part of the developing team has covered the unit tests, completed the upcoming UTxO specifications, and translated the “rollback invariants to Haskell”. The team has worked hand in hand with a specialist regarding the formalization of the Coq specifics. There have also been improvements on the wallet data migration front. Migration code has been written down and tests have also been conducted.

Another update for the Cardano network is that all the tests regarding API have been completed and 1.2 version is ready for release. Currently, the team is focused on improving the wallet’s error handling process.

Peer Discovery Implementation

Some security issues were discovered last week and the team has successfully solved them. According to the team, there has been good progress on Peer Discovery Implementation. The routing table maintenance task is also being looked into.

DevOps

DevOps constant efforts in making CI systems more transparent will hopefully result in much more productive CI resolutions in the near future. DevOps is also concentrated on the established conventions for issue reporting and tracking. From the weekly report posted on the official website of Cardano, “The team fixed several classes of build issues, including bypassing a new optional Daedalus development environment feature which broke builds, and overcoming a linker size limit by statically linking macOS builds.”

DevOps connected with the wallet developers to detect the cause behind the formation of the bug that stood as a wall in front of the Daedalus and Cardano 1.2 release. A number of experiments and tests led to the root of the problem- a small type change. The solution was thus implemented and DevOps resynced it into the Daedalus release branch. Now, it is ready to be tested from the user’s point of view.

DevOps has also identified and tracked operational details such that there are no issues after the KEVM testnet launch. Deployment process has also been monitored. For Cardano testnet, tests have been executed for Daedalus multiple times that also relate to different clusters and developing the faucet.

Goguen

The fundamental research for the Goguen project has reached an advanced stage. Now, the team is involved in discussing sidechains, multi-currency and chimeric ledger such that it can be seamlessly integrated into the Cardano Core platform. The first testnet of Goguen will enable the smart contract developers to execute their Solidity contracts on the KEVM. The weekly technical report describes it as “a formal semantics implementation of the Ethereum Virtual Machine (EVM) using the K framework.”

Community Interaction

IOHK Education Department and project managers have decided to create videos and PowerPoint presentations such that the community comes to know what the Cardano team is working on. The team is looking forward to releasing a PM monthly update video to the community by the end of the month.

Price Analysis

The historical data table of Cardano (ADA) from coinmarketcap.com shows that there have been some remnants of the bearish effect of the cryptocurrency market in the first quarter of 2018. However, there has not been massive fluctuations as seen from the price. At the time of writing, according to coinmarketcap.com, the price of ADA shows $0.190 USD (4.52%) approximately. The market cap shows approximately $4,928,943,526 USD and the volume (24h) is above $102,000,000 USD. (As of 29th May 2018) Cardano (ADA) stands at the 7th position now.

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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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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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