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Cardano [ADA]’s CEO greets community with release dates & updates

Sarah Rodrigues



Cardano [ADA]'s CEO greets community with release dates & updates.
Image Source: pxhere.

Charles Hoskinson, the CEO of Cardano [ADA] recently spoke about the updates on the release process of Cardano 1.2, Stake pools and delegation and the Cardano CL Test Net. He broadcasted live from Colorado, United States.

The CEO informed that Cardano 1.2 will be released next week. The technology community of Cardano will soon finish writing their codes for Cardano 1.2 which includes the Paper wallets and activation V1 APIs. The team has worked hard on correcting technological issues such as performance improvements, security enhancements, and network improvements.

The next process runs under the release manager who works with the testing firms ‘Kubik’ and ‘Allied firms’. They run the release through a number of tests like a smoke test, feature test, and regression testing. This process funnels the update and corrects the imperfections and bugs in the system so that the release can work for as many people as possible without any deterioration.

Charles Hoskinson said:

“This is quite a long release pipeline, a lot of things still need to be automated and we need to make some improvements in that pipeline.”

He further explained:

“Our hope is every time we do it, the release pipeline from when we stopped active development to when we actually release the update to end users will shrink over time and will get better and better, every time we do a release we do a post-mortem on it and try to find ways to improve and automate that process.”

He mentions the release of the first Test Net called KEVM and talks about the technical details.

He also mentioned that there will be specialized announcements later, throughout summer and fall. These announcements will be regarding the Cardano’s Technical team’s plans for dealing with RENA, Cardano’s Treasury, and Ouroboros Hydra, which are the main components of their system.

Ladislav Stejskal commented:

“This is a great way of communicating updates @IOHK_Charles but I would suggest making them shorter. Perhaps 30%-40% of the existing length. Best of luck guys.”

vantus-subhuman, a Reddit user commented:

“He doesn’t talk about ADA tho. So we’re all good =) He spoked in multiple interviews that he really wants to create a stable currency on top of Cardano for third world to use, and he has already initiated some research in this direction. But it’s definitely not going to be ADA, since it’s an utility token, and will be volatile and deflationary. But he really dreams of stable crypto-cash. The main question is – stable against what? Definitely not the USD.”

celvin charlemage, a market follower tweeted:

“Just a regular guy saying Thank you Charles and the team for the hard work and keeping the community up to date. ONE LOVE.”

Another crypto enthusiast commented:

“Just when I think I want to put another $100 into some shitcoin, I listen to @IOHK_Charles again and feel I want to take out a second mortgage on $ADA.”

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Sarah Rodrigues is an intern at AMBCrypto. She is pursuing her English lit, Psychology and Journalism at St. Joseph's College. She researches extensively and writes about Cryptocurrency and Artificial Intelligence. Sarah currently does not hold any value in cryptocurrency.


Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern




Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:

“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”

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