A Crypto rating platform has praised Cardano (ADA) for centering its initiative on researching cryptocurrency perspectives, saying it looks forward to seeing contribution from the blockchain platform on decentralized Finance (DeFi).
Weiss Crypto Rating, in a tweet to appreciate Cardano (ADA), made a golden remark about the platform’s focus on researching deeply about what can move and shake the blockchain space.
Weiss, upon understanding the research capacity of Cardano, says DeFi, which it would want the blockchain platform to contribute to, is one major exciting innovation in the cryptocurrency industry today.
“Cardano has a way of bringing a fresh new perspective to crypto, and there’s often a ton of research behind that perspective. We’re looking forward to seeing what contribution it can make to DeFi which, in our view, is the most exciting thing going on in crypto right now.”
Cardano is built on research with the project contributing maniac ideas to the growth of blockchain technology.
Cardano partners researchers across universities to create unmatched perspectives in the blockchain world.
Yesterday 14th February 2019, IOHK, the software company behind the Cardano project, donated $500,000 in ADA to the University of Wyoming’s (UW) Blockchain Research and Development Lab in Laramie.
The motive of the donation is to increase the number of research on blockchain, with focus on smart contracts, cryptography and supply chain management.
IOHK singled out UW due to the university’s effort in pioneering blockchain adoption through innovations.
The software company says it picked UW upon understanding that Wyoming is the only state in the US supporting blockchain adoption through favorable legislations.
The state offers a warm reception for blockchain technology with its legal framework that concentrates on the adoption of blockchain technology.