{"id":459722,"date":"2021-03-27T20:00:38","date_gmt":"2021-03-27T20:00:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=459722"},"modified":"2021-03-27T19:12:39","modified_gmt":"2021-03-27T19:12:39","slug":"cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/","title":{"rendered":"Cardano on the cusp of a major milestone, will ADA make a big move?"},"content":{"rendered":"<p>Following the Cardano 360 event, the platform developer Input Output Hong Kong (IOHK) has published a summary of the key points. In addition to showing a demo of a decentralized exchange like Uniswap running on Plutus, IOHK confirmed the date for &#8220;D-Day&#8221;.<\/p>\n<p>Slated for March 31, Cardano&#8217;s developer announced that on this date they will hand over full control of block production to community stake pool operators. Therefore, the D-parameter, a metric that measures Cardano&#8217;s decentralization, will be reduced to 0. IOHK announced:<\/p>\n<blockquote><p>D-DAY CONFIRMED: Today, we have just successfully submitted an updated proposal to the #Cardano blockchain, handing over full responsibility for block production to the stake pool operator community on March 31st. This is what #Decentralization looks like. Onward!<\/p><\/blockquote>\n<p>Thus, embracing full decentralization. Cardano\u2019s network has over 375,000 delegators and 2,350 registered pools. Cardano&#8217;s blockchain, migrated in 2020 to a consensus protocol based on Proof-of-Stake, is in its last epoch before the milestone. C<a href=\"https:\/\/ktsl888.com\/news\/why-cardanos-hoskinson-is-referring-to-a-bug-that-forced-a-bitcoin-fork\/\">ardano&#8217;s inventor Charles Hoskinson stated:<\/a> \u201cBeen one hell of a journey\u201d.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80Cardano\u2019s decentralization journey: D=0 on 31 March, P2P rollout begins next<br \/>\ud83d\udcaaDevNets: 1,200+ developers onboard<br \/>\u2714\ufe0fNew IOG stake delegation: community call in early April<br \/>\ud83e\uddd0LLVM smart contracts universality = more developers on <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Cardano<\/a>. Early version 6 months away \ud83d\ude32 2\/5<\/p>\n<p>&mdash; Input Output (@InputOutputHK) <a href=\"https:\/\/twitter.com\/InputOutputHK\/status\/76887296?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 27, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In parallel, IOHK stated that more than 1,200 developers are creating applications for Cardano and expect an increase with the LLVM which will give &#8220;universality&#8221; to smart contracts deployed on this platform.<\/p>\n<p>Plutus, the smart contract platform, is expected to be <a href=\"https:\/\/ktsl888.com\/news\/cardano\/backlash-following-later-than-expected-rollout-for-cardano-smart-contracts\/\">deployed on Cardano&#8217;s third Hard Fork Combinator event Alonzo<\/a>. This will occur at some point in June, following Plutus testnet due to take place in the coming months. In addition, Silvu Petricescu and Gerard Moroney, Directors of Operations and Strategy at IOHK, reveal a partnership program:<\/p>\n<blockquote><p>Partner strategy is actually a key element of our broader strategy which is the differentiation strategy for Plutus. What we want to achieve is basically have these professional developers complement the work that the pioneer\u2019s program is going to help us do and achieve. So we are going to fast-track our quality assurance and testing process towards the next Hard Fork.<\/p><\/blockquote>\n<h2>ADA\u2019s short-term outlook<\/h2>\n<p>According to IntoTheBlock&#8217;s In\/Out of the Money Around Price (IOMAP) metric, an approximate 144,000 addresses bought 3.9 billion ADA at levels between $1.12 and $1.16. Therefore, ADA&#8217;s price presents a critical support level in that area.<\/p>\n<figure id=\"attachment_459726\" aria-describedby=\"caption-attachment-459726\" style=\"width: 749px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-459726 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27-1.jpg?resize=749%2C230\" alt=\"Cardano ADA\" width=\"749\" height=\"230\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27-1.jpg?w=749 749w, https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27-1.jpg?w=460 460w\" sizes=\"(max-width: 749px) 100vw, 749px\"><figcaption id=\"caption-attachment-459726\" class=\"wp-caption-text\">Source: IntoTheBlock<\/figcaption><\/figure>\n<p>Analyst John Isige predicts a 21% increase in ADA&#8217;s price to $1.35 if the cryptocurrency manages to validate by closing the gap in the referenced overbought zone. Isige <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/cardano-price-prediction-ada-prepares-for-21-upswing-202103260638\" target=\"_blank\" rel=\"nofollow\">stated<\/a>:<\/p>\n<blockquote><p>The Relative Strength Index (RSI) reinforced the uptrend after recovering from the oversold region. Cardano\u2019s momentum to $1.35 is bound to continue.<\/p><\/blockquote>\n<p>ADA trades at $1,18 with moderate losses in the 24-hour chart and sideways movement in the last hour. During the past weeks, ADA has followed the general market sentiment and present an 8.3% loss.<\/p>\n<figure id=\"attachment_459727\" aria-describedby=\"caption-attachment-459727\" style=\"width: 722px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-459727 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27-2.jpg?resize=722%2C356\" alt=\"\" width=\"722\" height=\"356\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27-2.jpg?w=722 722w, https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27-2.jpg?w=460 460w\" sizes=\"(max-width: 722px) 100vw, 722px\"><figcaption id=\"caption-attachment-459727\" class=\"wp-caption-text\">ADA moving sideways in the 24-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/a4lKch7J\/\" target=\"_blank\" rel=\"nofollow\">ADAUSDT Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Following the Cardano 360 event, the platform developer Input Output Hong Kong (IOHK) has published a summary of the key points. In addition to showing a demo of a decentralized exchange like Uniswap running on Plutus, IOHK confirmed the date for &#8220;D-Day&#8221;. Slated for March 31, Cardano&#8217;s developer announced that on this date they will hand over full control of block production to community stake pool operators. Therefore, the D-parameter, a metric that measures Cardano&#8217;s decentralization, will be reduced to 0. IOHK announced: D-DAY CONFIRMED: Today, we have just successfully submitted an updated proposal to the #Cardano blockchain, handing over full responsibility for block production to the stake pool operator community on March 31st. This is what #Decentralization looks like. Onward! Thus, embracing full decentralization. Cardano\u2019s network has over 375,000 delegators and 2,350 registered pools. Cardano&#8217;s blockchain, migrated in 2020 to a consensus protocol based on Proof-of-Stake, is in its last epoch before the milestone. Cardano&#8217;s inventor Charles Hoskinson stated: \u201cBeen one hell of a journey\u201d. \ud83d\ude80Cardano\u2019s decentralization journey: D=0 on 31 March, P2P rollout begins next\ud83d\udcaaDevNets: 1,200+ developers onboard\u2714\ufe0fNew IOG stake delegation: community call in early April\ud83e\uddd0LLVM smart contracts universality = more developers on #Cardano. Early version 6 months away \ud83d\ude32 2\/5 &mdash; Input Output (@InputOutputHK) March 27, 2021 In parallel, IOHK stated that more than 1,200 developers are creating applications for Cardano and expect an increase with the LLVM which will give &#8220;universality&#8221; to smart contracts deployed on this platform. Plutus, the smart contract platform, is expected to be deployed on Cardano&#8217;s third Hard Fork Combinator event Alonzo. This will occur at some point in June, following Plutus testnet due to take place in the coming months. In addition, Silvu Petricescu and Gerard Moroney, Directors of Operations and Strategy at IOHK, reveal a partnership program: Partner strategy is actually a key element of our broader strategy which is the differentiation strategy for Plutus. What we want to achieve is basically have these professional developers complement the work that the pioneer\u2019s program is going to help us do and achieve. So we are going to fast-track our quality assurance and testing process towards the next Hard Fork. ADA\u2019s short-term outlook According to IntoTheBlock&#8217;s In\/Out of the Money Around Price (IOMAP) metric, an approximate 144,000 addresses bought 3.9 billion ADA at levels between $1.12 and $1.16. Therefore, ADA&#8217;s price presents a critical support level in that area. Analyst John Isige predicts a 21% increase in ADA&#8217;s price to $1.35 if the cryptocurrency manages to validate by closing the gap in the referenced overbought zone. Isige stated: The Relative Strength Index (RSI) reinforced the uptrend after recovering from the oversold region. Cardano\u2019s momentum to $1.35 is bound to continue. ADA trades at $1,18 with moderate losses in the 24-hour chart and sideways movement in the last hour. During the past weeks, ADA has followed the general market sentiment and present an 8.3% loss.<\/p>\n","protected":false},"author":535,"featured_media":459723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896,3],"tags":[12333,79508,12332],"class_list":["post-459722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","category-news","tag-ada","tag-adausdt","tag-cardano"],"acf":[],"yoast_head":"\n<title>Cardano on the cusp of a major milestone, will ADA make a big move?<\/title>\n<meta name=\"description\" content=\"Following the Cardano 360 event, the platform developer Input Output Hong Kong (IOHK) has published a summary of the key points. 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In addition to showing a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-27T20:00:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-27T19:12:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"704\" \/>\n\t<meta property=\"og:image:height\" content=\"416\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Cardano on the cusp of a major milestone, will ADA make a big move?\",\"datePublished\":\"2021-03-27T20:00:38+00:00\",\"dateModified\":\"2021-03-27T19:12:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/\"},\"wordCount\":480,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27.jpg?fit=704%2C416\",\"keywords\":[\"ADA\",\"ADAUSDT\",\"Cardano\"],\"articleSection\":[\"Cardano\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/\",\"url\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/\",\"name\":\"Cardano on the cusp of a major milestone, will ADA make a big move?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-on-the-cusp-of-a-major-milestone-will-ada-make-a-big-move\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/03\/Cardano-ADA27.jpg?fit=704%2C416\",\"datePublished\":\"2021-03-27T20:00:38+00:00\",\"dateModified\":\"2021-03-27T19:12:39+00:00\",\"description\":\"Following the Cardano 360 event, the platform developer Input Output Hong Kong (IOHK) has published a summary of the key points. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/ktsl888.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Cardano on the cusp of a major milestone, will ADA make a big move?","description":"Following the Cardano 360 event, the platform developer Input Output Hong Kong (IOHK) has published a summary of the key points. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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