Cardano Team Reports Progress: IPC driven Cardano node/ Daedalus communication. Cardano News. Saturday, September 8
Improtant Cardano News
Cardano Team Reports Progress
Great projects are known for the consistency in the daily and weekly actions and improvements on the roadmap. This is one of the issues that mark out Cardano despite the fact that the team do not seem to depend on hyping their efforts and progress it makes.
After adding some enhancing features on the Daedalus 0.11.1 the team noticed that an icon was not working well on windows and quickly worked on the issue as well as an implementation of an IPC driven Cardano node/ Daedalus communication. The latter feature is to give users a seamless connection to the network across all boards.
This will also improve the security of the network especially when frontend and backend are running on different machines. The team also announced the implementation of a more precise error message for the calculation of transactions to include the value of ADA missing to make any given transaction.
Cardano Updated Staking Website
As a proof-of-stake coin, the Cardano network depends on a special system that involves holding and staking ADA to run the network.
The Cardano team recently updated the information on its staking website to educate the users on the benefits and best practices to adopt for the overall welfare of the network.
According to the update, the purpose of incentive which is one of the benefits of staking is to ensure that people participate in the protocol, follow it faithfully as well as doing so in a way that is in the interest of the system.
Incentive comes in the form of monetary rewards in ADA in exchange for the participation in the efficient running of the network. The post also said that another way of appreciating incentive is the moral aspect of contributing in securing the network through idealism or doing the morally right thing in the interest of all participants.
Cardano Still Trying to Get Clear Footing As Price Continues to Slide
Cardano (ADA) has lost more than 90 percent of its all time high value. With the recent bearish trend of the coin market, the coin has continued to lose grounds. The bulls have not been able to sustain any form of stability when the ADA price was slightly stable last month. This is indicative of the strength of the bears.
Since the middle of August, there has not been enough bullish momentum to close the bear breaks. Even as prices slide, reversal is presently not expected considering the creation of a downward channel that could bring prices to $0.00001. This has raised speculations that ADA is on a full slide.
The loss of 20 percent in two weeks is not uncommon in the coin market. In fact, that could happen in an hour, but the ability to see reversal quickly is key to the volatility and vicissitude experienced in the market.
Traders have been advised to avoid opening positions higher than $0.00001210 which doesn’t create a very good outlook for the coin. Prices are expected to go lower, so ADA may be heading for all time low if there is no reversal soon.
ADA/USD Price Chart, Saturday September 8th:
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