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Cardano Releases Its ‘Most Significant’ Update, ADA Price Instantly Records 7 Percent Spike

Tue, 12/18/2018 - 15:42
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Alex Dovbnya
ADA’s price is on a rise as the much-anticipated Cardano update finally goes live. Cardano 1.4 makes the network more robust and efficient
Cardano Releases Its ‘Most Significant’ Update, ADA Price Instantly Records 7 Percent Spike
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Cardano, the 11th biggest cryptocurrency by market capitalization, has surged by more than 7 percent in merely one hour. The much-hyped Cardano 1.4, which Charles Hoskinson himself called ‘the most significant update’ to date, is the obvious reason behind the uptick.

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Now, the update is finally live, and some of its most important improvements include:

  1. Optimized block storage with only 44,000 needed for one year of Blockchain history, which is a world of difference compared to 1.3 mln files that were required before the update.    

  2. Daedalus, an open source desktop wallet for Cardano, becomes available for Linux users.  

  3. The recent release also tackles some network connection issues.

The Byron phase

It is worth mentioning that Cardano 1.4 is considered to be the fifth major release of the Byron phase. All users will be able to receive the update automatically.

The second phase, which is dubbed Shelley, will be versioned as Cardano 2.N. Overall, Cardano includes five development phases:

  • Byron;

  • Shelley;

  • Goguen;

  • Basho;

  • Voltaire.

Cardano’s momentum
Cardano takes a (dishonorable) fourth place in the list of currencies below their ATH with a jaw-dropping 98 percent drop, only being outperformed by ICON, Qtum and the infamous crypto scam BitConnect. Nevertheless, the project, spearheaded by Hoskinson, enjoys a lot of respect in the crypto community. Its recent 7 percent spike shows that Cardano has a lot of room for growth as one of the leading Blockchain 3.0 projects.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at