0
📰 News
219 views

Cardano (ADA) Releases Virtual Machine in Test Mode, Coin Keeps Sliding

  • Yuri Molchan
    📰 News

    Cardano releases its own IELE tool for testing smart contracts

Cardano (ADA) Releases Virtual Machine in Test Mode, Coin Keeps Sliding

Similarly to TRON, Cardano (ADA) project has made another achievement on its way of development and launched the testing version of its own virtual machine IELE. It allows trials of its smart contracts prior to sending them to the mainnet.

Cardano vs. Ethereum

Until now the Cardano platform has been operating as an ordinary Blockchain project and was far off from its plans to provide a venue for launching distributed apps (dApps).

Cardano was one of the numerous protocols considered by many as a rival to Ethereum, still Vitalik’s network remains the most popular and is perceived as the top-notch basis for smart contracts. The majority of dApps working on the market is Ethereum-based.

👉MUST READ

OmiseGo (OMG) to be Launched on Bitpanda Australian Crypto Exchange

OmiseGo (OMG) to be Launched on Bitpanda Australian Crypto Exchange

IELE

Cardano’s IELE virtual machine (VM) works on its own programming language, which was specially created for creating secure digital contracts on the Cardano protocol.

ADA market performance

During the last several weeks, the ADA coin has been dropping in price, even though the crypto market has been recovering optimism. The asset trades mostly on the Binance exchange against Tether, however, it does not help much.

Recently, ADA has been trading around the point of $0.14 but has been sliding and on July 30 began to slowly go down again around midday UTC.

👉MUST READ

TRON (TRX) Launches Chrome Extension, Claims to Make “Secret Announcement”

TRON (TRX) Launches Chrome Extension, Claims to Make “Secret Announcement”

Cover image via u.today
Join our Telegram channel to get news even faster!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings