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Bitcoin has been flatling since taking a deep dive at the end of last year but the market for some minor crypto-currencies, called altcoins, has increased–with digital tokens that make great progress.
The price of bitcoin is down some 80% from its all-time highs over a year ago and remains trapped in a long-term bear market, dubbed " crypto winter "for its debilitating effect on the sector, leaving investors and traders desperately seeking alternatives.
While some pieces have made no publicity, cardano, & nbsp; currently the tenth largest cryptocurrency by market capitalization, its price has risen slowly.
The price of bitcoin has been changing sideways for months after losing ground late last year.
Getty
Cardano, which trades its digital token under the name ADA, has grown about 22% in the past seven days, ranking among the 10 largest market capitalization cryptocurrencies. The price of cardano has risen by just over 30% in the last 30 days and by almost 50% since the beginning of the year, according to CoinMarketCap prices, a data tracking system cryptocurrency.
Cardano, a non-profit platform with three separate entities responsible for its maintenance and development, is managed by a team of academics and engineers looking for ways to better size and secure a blockchain network and work to the integration ofmart contracts.
Cardano has been pushed in recent days by the release of a new network version, considered an important step towards the much-anticipated "so-called" & nbsp;proof of participation & nbsp;Shelley upgrade.
The latest version of the network means that the ADA will use a new consensus protocol called Ouroboros BFT, helping it counter potential attacks at 51% that can paralyze a cryptocurrency.
The cardano price is still far from its historic highs despite the recent rebound.
CoinDesk
"This update is technically challenging, but will run smoothly and automatically as it is a planned protocol upgrade in which all parts of the current federated system have accepted the change." cardano developers wrote in a blog post last week. The Cardano 1.5 version also brings many other improvements, which include performance improvements when rendering lists with a large number of transactions and wallet addresses, adding features to detect insufficient disk space and a new screen visualizing the consolidation process of block storage. "
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Bitcoins have been on the rise since the end of last year, but the market for some minor crypto-currencies, called altcoins, has increased.–with some digital tokens making major progress.
The price of bitcoin is down about 80% from all-time highs over a year ago. It remains trapped in an old bear market, dubbed crypto-winter for its debilitating effect on the sector, leaving investors and traders in desperate search for alternatives.
While some coins have made giant strides, Cardano, currently the tenth largest cryptocurrency by market capitalization, climbs gently into price.
The price of bitcoin has been moving sideways for months after losing ground late last year.
Getty
Cardano, which trades its digital token under the name ADA, has grown about 22% in the past seven days, ranking in the top 10 largest market capitalization cryptocurrency. The price of cardano has risen by just over 30% in the last 30 days and by almost 50% since the beginning of the year, according to CoinMarketCap prices, a data tracking system cryptocurrency.
Cardano, a non-profit platform with three separate entities responsible for its maintenance and development, is managed by a team of academics and engineers looking for ways to better size and secure a blockchain network and work to the integration ofmart contracts.
Cardano has been pushed in recent days by the release of a new network version, considered an important step towards the so-called highly anticipated proof of participation Shelley upgrade.
The latest version of the network means that the ADA will use a new consensus protocol called Ouroboros BFT, helping it counter potential attacks at 51% that can paralyze a cryptocurrency.
The cardano price is still far from its historic highs despite the recent rebound.
CoinDesk
"This update is technically challenging, but will run smoothly and automatically as it is a planned protocol upgrade in which all parts of the current federated system have accepted the change," wrote the cardano developers in a blog last week. "The Cardano 1.5 version also brings many other improvements, including improved performance when rendering lists with a large number of transactions and wallet addresses, adding features to detect insufficient disk space and a new screen visualizing the consolidation process of block storage. "
