The IOHK team announced the launch of its IELE Cardano Testnet Smart Contracts. This is a significant milestone in the Cardano Roadmap as it represents an evolution of the KEVM Testnet previously released (this May)
In the press release, the IOHK team explains that thanks to this new CardanoTestnet, the level of interaction with the community will be much higher as users will have the opportunity to experience for the first time the characteristics of what would be the real Cardano blockchain.
Today we launch the second Cardano testnet, which is for the IELE virtual machine (VM) and follows our recent launch of the KEVM testnet. Technology is not only an important step on the Cardano roadmap, but also for the industry – in providing a solid and reliable financial infrastructure. The developers now have the opportunity to explore the technology of the smart contracts that will be offered as part of Cardano and to give us their feedback, which we are not looking forward to receiving in the coming months.
The IELE Virtual Machine can understand the programs written in Solidity (the mother tongue of the Ethereum network) and "translating them" into a language understood by the KEVM testnet. In this way, the code errors that could exist in the contracts will be easily identified, allowing an efficient and secure writing of smart contracts, providing a "correct by project" structure.
It is expected that once this implementation is 100% ready, the development of dapps will become much easier and more attractive, increasing the adoption of this promising blockchain in virtually any field of software.
A very enthusiastic community is following the development of Cardano. His academic focus, as well as constant updates, raise very high expectations within the crypto-verse. Charles Hoskinson, one of the project leaders, talks about Cardano as a "third generation blockchain" focused on solving scalability and interoperability problems faced by the first generation (like Bitcoin) or second generation blockchain (like Ethereum).
of the most important objectives previously achieved was the announcement of having "solved" the Proof of Stake algorithm, through the implementation of Ouroboros Genesis:
IOHK has released Ouroboros Genesis, 39, the latest version of Ouroboros, the algorithm that powers Cardano. This function corresponds to the security guarantees of the work trial protocols in a way that was previously considered impossible. Find the video and the card here: https://t.co/X4gQWoIeGw
– Cardano Community (@cardanocom) 26 April 2018
After the announcement, Cardano (ADA) has reversed the trend, starting a bullish run that is constantly increasing its price. Indicators such as RSI and MACD also show that a steady short-term upward trend is possible.
The price of each ADA is currently around USD 0.1238. The first resistance to beat is about 0.13 USD