RATE Group | Cardano (ADA) Cryptocurrency Sees a 17% Spike After Monumental Update
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Cardano (ADA) Cryptocurrency Sees a 17% Spike After Monumental Update

Cardano (ADA) Cryptocurrency Sees a 17% Spike After Monumental Update

IOHK CEO Charles Hoskinson announced a raft of updates for the Cardano (ADA) project, chief among which was the release of the new Daedalus.

Previously criticized for its slow pace of development, the Cardano project has finally launched the Daedalus 1.0.0 wallet. With that, Hoskinson spoke optimistically that the rest of the puzzle will fall into place much more readily now.

“This is a good signal for the future, about what we can do and where we can go… We, actually, can meaningfully talk about Ledger support now, new paper wallet support, beta test all kinds of new features for Daedalus, and rapidly deploy them, at least once every two weeks.”

The Cardano Project Reaches Key Milestone

The milestone release of Daedulus 1.0.0 signals a new phase of project acceleration for Cardano. According to developers, IOHK, the new wallet brings improvements to stability, security, and performance.

Daedulus wallets operate as full node wallets, meaning the whole of the Cardano blockchain…

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