Cardano (ADA) has been making headlines lately, although it is a relatively a new altcoin in the cryptocurrency market. It was launched in September 2017, but it has been growing aggressively achieving bigger milestones along the way. The digital asset is highly regarded for its scientific background based on research and philosophy. It is mainly praised for achieving advanced contract handling from the beginning.
The team of engineers and researchers at IOHK has played a big role in the transformation of Cardano from inception to the latest development. The digital asset has evolved tremendously due to the contribution that comes from the IOHK team. It is essentially one of the assets that are built out of precision and scientific research. Cardano (ADA) like the rest of the cryptocurrency assets in the market has to constantly improve its system through upgrades to stay relevant, besides being able to show the investors that there is progress.
The team at IOHK is definitely not done yet, it is currently working on a couple of testnets on Cardano in the coming days.
The initial testnet is referred to as K-EVM and should be released on May 28. Moreover, the second testnet is dubbed IELE VM but this will be released in the third quarter of 2018. Significantly, both of these testnests are to prepare Cardano (ADA) for project Goguen.
What about project Goguen
This project is ongoing at IOHK and is meant to improve and deliver advanced smart contract capabilities for Cardano. The project leader, Gerrald Maroney said recently that besides the smart contract capabilities Goguen will feature Side Chains that will give the users that ability to transfer coins from one blockchain to another without needing the assistance of third parties. At the same time, the project has already been said to be open-sourced based, therefore, users will be able to store several cryptocurrencies in a single ledger.
Cardano is unstoppable, and this is a big thank you to the development team at IOHK. Many cryptocurrency experts and analysts have said in the past that a crypto project is as
strong as the team behind it.
Cardano development team keeps delivering more and more and has more than proven their competence to take this project to the moon. Furthermore, the team has done it again with another release called Ouroboros Genesis. The release, once complete will make Cardano one of if not the most scalable digital asset in the cryptocurrency market today.
Can Cardano get a listing on Coinbase Exchange?
While Coinbase recently announced that it has no plans of listing new assets, the Cardano community eagerly waits for the announcement of Cardano (ADA) being listed on the exchange. At the same time, Coinbase’s near future plans are to expand into other markets from different parts of the world. However, the most vital questions remain, are which coin (s) or token (s) will be added to the cryptocurrency exchange that has over 10 million subscriptions. A statement from Coinbase reads:
“We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time. We are announcing this both internally and to the public as consistent with our process for adding new assets.”
Cardano has a high chance of getting added to Coinbase owing to the fact that it is a project and not a security. Cardano has grown to transcend international markets and Coinbase would benefit from the access it could get from customers loyal to Cardano.
Cardano (ADA) has one of the best smart contract capabilities in the world of cryptocurrencies. Besides, the Ouroboros Genesis release will make it one of the most scalable assets in the entire cryptocurrency market.