A part of the Cardano [ADA] project, Emurgo develops, supports, and incubates commercial ventures for smooth integration on the Cardano ecosystem. EmurgoHK is the Hong Kong division that accelerates, builds, and connects entrepreneurs, called the Cardano Blockchain Accelerator [CBA].
Amidst the test net activities encircled around Cardano, Emurgo announced a partnership with Tokyo University of Science Investment Management Company to improve awareness about the Cardano blockchain technology, earlier this week.
Cardano released their KEVM test net on the 28th of May which allows any user to write smart contracts easily as it is an executable form of the semantics of the EVM, specified in the K-framework. Emurgo released a detailed guide on how to get started and settled with the KEVM Testnet.
To begin with, a nix environment is necessary to work in, which means, the user should have UNIX, Linux, Mac OS X, or macOS installed. They recommend the easiest to start off with to be Ubuntu.
After this setup, the installation, testing, verification, and all the other procedures are explained step-step by Emurgo on their website. After the major launch, they are now getting ready for the IELE test net. The founder of IOHK, Charles Hoskinson had updated to the community that more updates can be expected sometime soon. They are also hoping to do a Plutus update, the other side of smart contract paradigm, which extends the UTxO model and allows more to be done with smart contracts.
Cardano [ADA] however has not been outstanding in the market because of its sober performance. The market on a whole has not been a happy picture from the past few days. ADA is currently trading at $0.215 and holds a capitalization of $5.58 billion roughly. There has not been any significant rise or fall over the week, however, minute dips are observed in the chart since yesterday.
Vantuz Subhuman, a Twitterati says:
“Thank you, guys! This is perfect :)”
Weiss Ratings tweeted:
“#EOS and #Cardano both get a Weiss Rating of B overall (with a Weiss technology/adoption grade of A-. EOS is already out; Cardano, is more cautious and thorough, but still a couple years away.”
Analyze & Profit tweeted as a reply to the above:
“Sorry Weiss, EOS is a centralized network, 49% is owned by Block one. Cardano is far superior and more secure. we are yet to see a code audit for #EOSIO or any audit.”
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