A successful upgrade of Cardano 1.5 causes a 22% increase

Cryptocurrency enthusiasts who pay special attention to Cardano (ADA) may have noticed that the price of cryptocurrency has risen by more than 22% over the past seven days, helping it to become a currency. of the ten best crypto-currencies by market capitalization.

According to CryptoCompare data, the price of Cardano went from around US $ 0.049 to about US $ 0.061 at the time of publication, after a drop of just over US $ 0.07. In the last 30 days, cryptocurrency has increased significantly by more than 32%.

Crypto-currency released version 1.5 this week, an important step towards Shelley's much-anticipated upgrade. This upgrade will allow the cardano blockchain to get rid of minors crypto-currency and rely instead on a system based on the proof of participation (PoS).

The recent upgrade of cryptocurrency has made a number of changes that should facilitate the transition to Shelley. The release would be expected to see ADA implement a new consensus protocol called Ouroboros BFT, which will effectively help repel potential attacks to 51%.

Its upgrade also saw the introduction of new UX changes and other improvements.

The Cardano 1.5 version also brings many other improvements. These include performance improvements when rendering lists with a large number of transactions and wallet addresses, the addition of features to detect insufficient disk space and a new screen visualizing the process of bulk storage consolidation.

The upgrade of Cardano to the Ouroboros BFT would be implemented as a rigorous platform that would run smoothly and automatically. According to one announcement, this is a "planned protocol upgrade by which all parts of the current federated system have accepted change."

Coinbase List Rumors

Some members of the community claim that Cardano could soon be listed on Coinbase, a popular cryptocurrency exchange. Its price could increase with the rumors, because the cryptos are known to see their value increase as soon as they are listed on the stock market. In some cases, prices have risen before the token list.

$ ADA pump to lean towards possible @coinbase announce on Monday. No, I do not think it really matters, but we are in a good position to generate profits. #Cardano

– Kyle Rotterman (@KyleRotterman) March 23, 2019

As this happened on many occasions – and even led to complications when Bitcoin Cash was listed – it is now known as the "Coinbase effect." However, the price of XLM has not increased suddenly after its introduction on Coinbase Pro, some think the effect. is falling.

Although it is difficult to determine whether Coinbase will offer ADA on its platforms, it is common knowledge that the company was considering doing so. Indeed, last year he revealed a list of digital badets on which to look, also including NEO, EOS, XRP and XLM.