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Cardano Value Skyrockets After Huobi Adds It To Their Cryptocurrency Exchange

If you happen to be a holder of any number of Cardano (ADA), you might want to take a look at your wallet. The value of the Cardano has gone up over 21% in the past 24 hours as of late Monday night, April 16th 2018. With a market cap of 2.8 billion, ADA was valued at $0.263423 (US).

An update at the Huobi Pro international exchange site stated that deposits would be opened on April 16, 2018 with trading to begin the next day on April 17th.

Cardano, has peaked a lot of interest among investors due to the companies updates that are ongoing and after its developer, IOHK issued some statements on major upgrades to it, one of which being Cardano’s Shelley. This updates allows users better control and according to IOHK, is nearly finished.

In an April 9, 2018 blog post, Cardano founder Charles Hoskinson wrote in part,

Third, the most anticipated upcoming release is Shelley. Shelley is a massive project with many workstreams and scientific dependencies. It also contains many social processes involving community coordination and management. Effectively, Shelley is about turning over the network fully to the users thereby decentralizing as much as possible.

The work we have done with Byron has given us a great deal of knowledge operationally, about the best way of iterating towards Shelley; however, special care has to be placed on consensus. IOHK has developed a custom, proof of stake protocol called Ouroboros for Cardano. It has never been used in a cryptocurrency before and has a completely original design.

On The official Cardano Foundation’s website we see that Cardano is a decentralized platform that allows for complex programmable transfers of value in a secure and scalable fashion. Cardano was also one of the first blockchains to be built in the highly secure Haskell programming language.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee