Cardano (ADA) has risen to become one of the top 10 cryptocurrencies in the world by market capitalization in a short time span. It currently ranks seventh, with a market capitalization of over $41 billion. It accounts for nearly 2% of the entire cryptocurrency market. According to data from CoinGecko, Cardano hit an all-time high of $1.55 on April 14. The IOHK is led by Charles Hoskinson, the founder of Cardano and also the co-founder of the Ethereum blockchain. On April 6, through his YouTube channel, he discussed Cardano’s roadmap covering the next four years in a video titled “Some …

Cardano's Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.29, making it the third-ranked cryptocurrency by market capitalization. Data from Cointelegraph Markets and TradingView shows that Ada surged 27% from a low of $0.98 during the early trading hours on Feb. 26 to its new high at $1.29 on record trading volume. Momentum for the project has been building throughout the month of February following the integration of the Mary upgrade to Cardano’s testnet on Feb. 3. The upgrade enables smart contract functionality, helping transform …

Social media mentions about Cardano have been growing since the beginning of the year, and during this time, the price of its ADA token has more than doubled, in the process surpassing Bitcoin Cash (BCH) to become the sixth-largest cryptocurrency by market capitalization. A deeper dive into data from Twitter data failed to identify a specific driver of ADA’s bullish price action, but data from The Tie did show that Cardano mentions recently reached an all-time high, with the price tracking the increase. Keyword analysis of Cardano-related tweets also failed to identify the motivating factor behind the recent social media …

Solidity, a major programming language for writing smart contracts, will soon become compatible with the Cardano blockchain. According to a Thursday announcement on the Cardano developers' website, Cardano devs are now opening up Cardano to the Solidity and Ethereum community through an interoperable platform that uses native Ethereum code. As part of the effort, Cardano developers are planning to restart and accelerate their K Ethereum Virtual Machine, or KEVM, developer network program. The devnet envisions an EVM running within the so-called “K framework” — a system for specifying and creating languages and virtual machines. K intends to enable developers to …

In one of his frequent Youtube missives to his following, CEO of IOHK — the developers behind the Cardano Blockchain — Charles Hoskinson revealed that the company’s long-term developmental focus will hinge on Africa, going so far as to say the world’s second-most populous continent might be the future for decentralized finance (DeFi) development. ““When we ask ourselves, ‘who will be the consumers of DeFi who will be in need of identity systems and payment systems and new ways of representing equities’ — will it be the ossified, highly regulated markets of the western world, which are invitation-only […] or …

Decentralized e-commerce platform Bondly will be the first decentralized finance project to run on the Cardano blockchain as part of the platform’s roll-out of the Goguen smart contract functionality. In the Twitter announcement, the firm that built the Cardano platform, IOHK, called the partnership, “A huge step in continuing both companies’ mission to bring decentralized finance to the masses.” The Goguen roll-out, which is expected to be completed by Feb. 2021, allows decentralized applications to be built on the network and ushers in the integration of DeFi projects to Cardano’s ecosystem. IOHK CEO Charles Hoskinson said the introduction of apps …

IOHK, the development arm behind Cardano, recently announced a new hard fork of the protocol scheduled for mid-December. Kevin Hammond, a software engineer at IOHK, revealed this week that Cardano will undergo a hard fork later this month as part of its transition to the Goguen development era. Although most observers associate hard forks with trauma, Hammond said that these events are handled much differently on Cardano: “[...] Cardano handles hard forks automatically, without stopping block production. This gives a uniquely smooth upgrade process that allows new features to be introduced easily and evolve the platform’s capabilities.” The hard fork …

Binance’s chief executive Changpeng Zhao or CZ and Ethereum’s co-founder Vitalik Buterin are in furious agreement that a new blockchain-based voting system is required to improve democratic processes in the United States. But it won’t be as easy to implement as one might think. Responding to prolonged uncertainty over the result of the controversial 2020 U.S. presidential election, CZ tweeted that now is the right time for developers to build “a blockchain based mobile voting app.” Binance’s CEO argued that such a voting system would reduce the time taken to confirm the outcome of an election, enhance voters’ privacy, and …

In an interview with Cointelegraph, Charles Hoskinson suggested that a Cardano-based solution might make blockchain voting possible for future national elections. He stated: “Not only do I believe — we've been building the infrastructure for that." Hoskinson acknowledged that the road to Cardano-based elections would be gradual and require a number of experiments. He suggested that it could start with third parties using the network for their primaries, before escalating to municipal and state elections. From there, he supposed the network could be utilized in national elections for countries that struggle with legacy systems: “I think it's entirely possible in …

“My first thought was he must have been hacked”, said Hoskinson, reflecting on opening an email he received from David Barrett, the CEO of Expensify, urging him to vote for Joe Biden: Hoskinson later discovered that he was not the only recipient of the email at IOHK, but was rather a part of a bulk email blast sent to all of his company's employees. Hoskinson remembered using Expensify, a platform which provides companies with expense management tools, in the early days of IOHK, but could not immediately recall if they were still using it. He mentioned in a 10-minute YouTube …

The Cardano (ADA) ecosystem has a complex governance structure, not dissimilar from the way the U.S. democracy operates, with its built-in checks and balances. There are three main players: the Cardano Foundation, EMURGO and IOHK; according to the Foundation’s incoming CEO Frederik Gregaard, the governance will only get more complicated as more organizations join. He also said that he intends to maintain the Foundation’s independence from Cardano’s founder and IOHK CEO, Charles Hoskinson, who created this structure in the first place: “The Foundation law in Switzerland says that we need to be independent. That's exactly why it's interesting and why …

IOHK has distributed $250,000 worth of ADA to Project Catalyst. These funds will be allocated to several Cardano-based projects proposed by the community. Project Catalyst is one of the building blocks of Cardano’s Voltaire era, which is expected to bring decentralized governance to the ecosystem. According to IOHK’s press release, Project Catalyst is expected to control $70 million worth of Cardano’s ADA cryptocurrency in the future. Charles Hoskinson is a big proponent of decentralized treasuries, which he believes to be one of the greatest innovations of our time. The idea behind decentralized treasuries is to make developers independent of a …