Cardano skyrockets due to technical updates

The price of Cardano cryptocurrency rose more than 300% within past 7 days due to the system updates and work on improving Bittrex withdrawals
18 December 2017   619

Cardano, a coin that was engineered by a global team of scientists and academics who have studied the blockchain technology, has been on the list of top 15 cryptocurrencies ranked by market capitalization for quite a long time, but it has moved as up as to the 6th position just some time ago, having risen almost 330% in price during past 7 days.

List of top cryptocurrencies ranked by market capitalizationList of top cryptocurrencies ranked by market capitalization

The price of Cardano remained relatively stable until December 14 when Cardano technical Report was published on the official website of the currency. Cardano increased from $0,13 to $0,23 within one day and the its market capitalization rose from $3,5 billion to $6 billion.

Cardano ChartsCardano Charts

The major updates listed in the report included:

  • Further work on the Monad stack proposal and the upcoming new approach
  • Finishing work on the initial version of the block processing technical documentation
  • The preparation of the exception handling refactoring proposal
  • Finish of reporting mechanism review
  • Start of the work on the code diagram for CSL
  • A release of master on the dev cluster
  • A mainnet update (v1.0.3)

At the moment of press, these are main market parameters of Cardano:

  • Average price: $0,48
  • Marketcap: $12 622 931 343
  • 24h volume: $415 557 000

Cardano to hold a meetup in London

Cardano London Blockchain Meetup will take place on June 11 to study POs protocols on the Ouroboros blockchain
29 May 2018   223

Cardano is organizing a meetup on June 11 at University College London. The event will be dedicated to the Ouroboros Proof-of-Stake protocol - Cardano's settlement layer. Featured speaker at the venue is going to be Prof. Aggelos Kiayias. He is the original designer of the aforementioned protocol.

Professor will introduce the ongoing researches under his supervision within IOHK. Those studies concern stake pools, delegation mechanisms, sidechains, blockchain software updates, etc. The agenda for the meetup is as follows:

6:30 pm Attendees arrival
6.45 pm Cardano Foundation introduction
6:50 pm Prof. Aggelos Ouroboros presentation
8:45 pm Drinks at the nearby Jeremy Bentham pub

More details can be found here. At the moment of publication, Cardano market parameters are as follows:

Average price 0.193796 USD
Market cap 5,024,562,562 USD
Volume (24H) 124,773,000 USD