Cardano News And Price Overview: Cardano Team Launches Testnet that Understands and Interprets Solidity. Monday, August 13
Important Cardano News
Cardano Team Launches Testnet that Understands and Interprets Solidity
The Cardano team announced the launch of testnet that is the first phase of a program that would interpret other programming languages such as Solidity, the language of Ethereum. This development will enable the project identify code errors in smart contracts written in Solidity and a first step in the development of a correct-by-design framework that ensures efficient and secure writing of smart contracts.
The release said, “Today we launch the second Cardano testnet, which is for the IELE virtual machine (VM) and follows our recent launch of the KEVM testnet. The technology is not only an important step on the Cardano roadmap but also for the industry – in offering robust and reliable financial infrastructure. Developers now have the opportunity to explore the smart contracts technology that will be offered as part of Cardano, and to give us their feedback, which we look forward to receiving over the coming months.”
Charles Hoskinson of Cardano Conducted An AMA On Twitter
The CEO and founder of the engineering firm InputOutput Charles Hoskinson conducted an ask-me-anything on Twitter in which he aired his views on the alternative economy as presented by cryptocurrencies.
Hoskinson said that cryptocurrencies will not replace the central banks but will affect how wealth is valued. He likened the inroad digital currencies have made into economic transactions to that made by cell phones in telephony, adding that its effect was changing business models employed by cell phone companies.
He added that the purpose of cryptocurrencies is not the displacement of fiat but an encapsulation of a philosophy that has been agreed on by people.
Cardano Needs to Rise Above $0.13
Cardano is presently trading at $0.112246 having failed in a pullback attempt on August 9. The coin needs to scale the $0.13 mark which had earlier acted as a strong support.
ADA/USD Price Chart, Monday August 13th:
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