Cardano (ADA) is one of the better performers today, in a market that has been trading sideways for the better part of the day. This follows the release of Daedalus 0.11.1. This update makes the Daedalus wallet more efficient by eliminating most of the bugs that this wallet has had in the past. Here is what the IOHK team had to say about the release of the Daedalus 0.11.1.
IOHK is pleased to announce the release of Daedalus 0.11.1 and Cardano 1.3. Daedalus 0.11.1 has a couple of fixes to known issues, two of which are fixes for significant bugs that are affecting a substantial number of users. These two issues are causing users to be stuck on the loading screen with “Connecting to network” message. Up until this release, Windows users who had non-Latin characters in their Windows usernames were unable to use Daedalus. The first fix will ensure that these users will now be able to use Daedalus in Windows. The second fix detects when users launch Daedalus improperly using a Windows icon created by pinning Daedalus to Windows taskbar. The fix includes Daedalus detecting improperly launched software in this instance and providing users with a warning message and instructions to launch it properly. This update also includes other fixes to minor issues
This update comes a day after Charles Hoskinson clarified on the whole Cardano foundation fiasco and the decision by the IOHK and Emurgo to part ways with the Cardano foundation. According to Charles, the Cardano foundation just wasn’t doing its job and that the IOHK and Emurgo can easily take over its roles, and get the job done.
All these updates point to the fact that the Cardano team is hard at work in getting Cardano to become a top platform blockchain. From a look at their roadmap, they have made significant progress too. For instance, they are at 80% on the networking aspect of the roadmap. Once completed, it will entrench the decentralized nature of Cardano. That’s because it will allow access to the network without the need for home networks and firewalls. The best part is that it is also extremely secure since it will be safe from large-scale DDOS attacks.
With all these developments, it is clear that Cardano (ADA) has a good future ahead of it. Once it completes the roadmap, Cardano will be one of the most powerful crypto projects out there. It will have applications in all kinds of industries, as the idea of decentralization takes over the tech world.
From a price perspective, Cardano is currently trading at $0.075. That’s a pale shadow of its 2017 highs of over $1. Today, Cardano has made huge reaps on its development roadmap since then, and it’s also better-known all across the world as opposed to 2017. This means that in the next Bull Run, Cardano stands to make significant gains relative to the rest of the market. There is a good chance that Cardano could hit $10 in the next bull rally. It did $1 without half of what it has achieved today.