Cardano
$0.0918 -7.78%
ADA · 2w

Cardano: The Excitedly Anticipated Date For Popular Altcoin Has Been Announced!

Cardano (ADA), which is one of the crypto currencies that left its mark in 2020, has definitely made a name for itself with the updates it has realized as well as the rise it has achieved and it seems that it will continue to be mentioned.

ADA, one of Ethereum’s most important competitors, started implementing the Proof-of-Stake model by switching to the Shelley’s main network. This is known as an update that Ethereum wanted to do but still could not implement.

Charles Hoskinson, CEO of IOHK and one of the project leaders, also made a date for another highly anticipated development after the Shelley update, which brought a significant 50% rise to the ADA price. Hoskinson emphasized that the work on the new update named Goguen will start soon and the relevant announcement will be made on October 29.

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Goguen, which has a similar structure to the Shelley’s mainnet, will be released in stages and implemented after testing. In his statement on the subject, Hoskinson stated that with the announcement to be made soon, the first test phase will be started.

Stating that the update on Cardano may take a long time, Hoskinson emphasized that many hard forks will be implemented. The detailed announcement about Goguen will be made on October 29, and it is known that many ADA investors are already looking forward to this date. The Cardano CEO is known to have given good news one after the other, and each gospel brought a significant increase in price. This shows that an upward movement can be seen in the ADA price with the good news on October 29.

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