Blockchain Tech

Rating Reveals Cardano’s Team Obsession with Quality

Emurgo Releases Cardano Chain Data-importer, the 3rd Product after ADA Blockchain Explorer

Cardano, one of the largest distributed ledger projects has lately showcased one of its most significant developments since inception. The launch of the ever awaited Shelly testnet reveals the strength of the team behind the growth of Cardano and the newly launched project termed as the avenue to achieve the full decentralization of Cardano network.

In this regard, Weiss Crypto Ratings, the leading provider of independent, unbiased, trusted ratings of Stocks, Mutual Funds, Cryptocurrencies, ETFs, and Financial Institutions, has recently tagged the approach of Cardano’s team as being obsessed with quality, with the aim of building the project beyond the level of top performers in the industry.

Recent Achievements of Cardano’s Team

The Cardano’s team led by Charles Hoskinson, the CEO of Input Output Hong Kong (IOHK), has been toiling to make Cardano network ever effective and efficient due to their inputs, achievement, and proposed development lately.

In late September 2019, Cardano launched Shelly testnet, which is seen as a notable step towards the full decentralization of the Cardano Blockchain network. Following the release of the big project, the Cardano team suggested incentivizing the testnet.

In the process, Cardano users will be given the opportunity to earn the digital token, ADA. This staking protocol is termed as a calculated means to properly test the project Shelly with in-house users, as it’s made ready to be appropriately integrated into mainnet by 2020.

These and other forthcoming developments have seemingly boosted the rating of Cardano’s team among its equals in the Blockchain industry.

Weiss Crypto Ratings on Cardano’s Team Obsession with Quality

Weiss Crypto Ratings is famously known in the cryptocurrency space as independent and trusted. It recently pointed to the approach of Cardano’s team when pushing for a particular goal.

In a tweet on 5th October, the crypto rater averred the obsession of the team with quality. It pointed to the strategic means of testing Shelly with real users on Cardano network by initiating incentivized voting.

The rater proceeded by pointing to the introduction of staking pools and the proper delegation of duty, coupled with different number of validators designed to perform separately and concurrently.

In addition to the above, the cryptocurrency rater acknowledges the strategy used by Cardano in separating smart contracts from the main function of value transfer. Weiss Crypto Ratings recognizes such a move as “smart engineering, and the way any smart contract platform should work”.

Cardano (ADA) in the Market

The cryptocurrency market is presently seeing a bit of price recovery as the majority of top digital currencies, including Cardano (ADA), increase in price at press time.

ADA is trading at $0.040752, with about 3% price uptrend on 24 hours basis. Cardano (ADA) has just outplaced Tron (TRX) to occupy 11th position. This shows that its present price spike has given it the room to compete with the top 10 coins.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Solomon Odunayo

Solomon Odunayo had dispensed his writing ability on growing Eagles News Media, covering News for relatively 2 years as a founder and editor.

He now works with NewsLogical.com as a full time cryptocurrency Journalist and Chief Editor due to the experience he garnered over time in the crypto sphere.

Email: solomon.odunayo@newslogical.com, editor@newslogical.com.

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