Cardano (ADA) entered the digital currency sphere in September 2017 and the digital currency has made tremendous progress ever since. Just four months after its launch, the currency has increased by 1.520%, with a market capitalization of about $ 18 billion.
The Cardano network uses a scientific perspective with a methodology motivated by research. Open-source money technology goes through a meticulous peer review process conducted by scientists and developers.
Cardano Price Today: current price of ADA
The Price Predictions of Cardano (ADA) for 2019
Most of Cardano's (ADA) price forecasts for this year and beyond are very uncertain, this is the result of the obscurity of the currency. A notable price forecast for Cardano stated that digital money will play a leading role in the Eastern Pacific.
This year the company will produce and distribute ATMs all over Japan. This development promises huge applications in the real world of digital currency that have led to over 400% gains in December of last year.
Cardano's expert price forecast (ADA) includes the best hypothesis that Cardano will achieve its highest value increase throughout the year. Another forecast includes the market capitalization of the currency which increases to around $ 40 billion by December 2019.
Nevertheless, Bitcoin (BTC) will probably remain the most valuable digital currency in the sphere of cryptocurrency, and this may not change until the end of 2019.
Price forecast Cardano (ADA) for 2019
Cardano co-founder Charles Hoskinson, who is also CEO of IOHK, the organization behind Cardano (ADA) has just announced that he and his development team have passed a milestone in providing a solution for blockchain interoperability. The document, which was published by IOHK, shows a significant step forward in interoperability with blockchains that continue to work on the job test algorithm. The document provides vivid explanations on how it contributed to the blockchain development. Hoskinson said:
"In this research paper, we introduced the first untrustworthy structure that can be applied to job sidechain testing, and we also talk about how to build generic communications between different blockchains."
Cardano (ADA) Price today – ADA / USD
One of the applications listed in the document concerns the creation of a bidirectional pegged resource that can efficiently move from one blockchain to another while maintaining its nature. We offer high-level buildings in Solidity. This construction is applicable on several blockchains. This is as long as the blockchains are based on the proof of work algorithm and have support for NIPoPoWs.
This solution can be introduced in virtually any proof-of-work based cryptocurrency such as Ethereum, Bitcoin, Monero, Bitcoin Cash and Litecoin without a soft or hard fork. The target blockchain will be able to validate the tests. So, the blockchains that support advanced smart contracts are fine.
IOHK's research has been submitted to major peer-review conferences. One of these is CCS. CCS is a leading international forum that discusses information security, academic governance, developers and professionals who are pioneering practical and theoretical aspects of information security and other innovative ideas.
Charles Hoskinson founded IOHK after leaving Ethereum in 2014. His new company is currently led by revenues without risk capital. With over 160 employees, IOHK is distributed in 16 countries.