Cardano News: Project Catalyst To Test Theory For Real This Summer
Cardano continues to make headlines following the important launch of the Shelley upgrade.
The team behind Cardano said that even if this hardfork has been a great success, there’s still a lot of work ahead.
Cardano revamps the official website
The new-look Cardano Foundation website is live. As the last deliverable of Project Renovare, our refreshed branding is a reflection of the readiness of the Cardano blockchain, which has become decentralized through the launch of staking and delegation.
— Cardano Foundation (@CardanoStiftung) August 4, 2020
The feedback received from the community was positive as always.
Now, Cardano makes another exciting announcement.
Project Catalyst to show the true potential this summer
Cardano dropped another announcement on their social media account:
NEW BLOG: Robust & effective community governance lies at the heart of our decentralized vision for #Cardano. And the future of collaboration, decision-making & tackling shared challenges. Project Catalyst will test the theory for real this summer @cardano https://t.co/x9qrHMk4bL
— Input Output (@InputOutputHK) August 5, 2020
Cardano team begins the blog post by saying that “Taking a decentralized approach to governance and decision-making is proving to be more efficient in many spheres than the centralized, authority-based model that became the norm in so many areas in the last century. ”
They continue and explain the benefits and stringent need for decentralization these days.
The team also highlights the ways in which the pandemic has exposed the flaws of the traditional systems and it’s important to find ways to deal with them.
We recommend that you check out the lengthy blog post in order to learn more details about Cardano’s massive projects.
Regarding ADA’s price, the coin is currently trading in the red and it’s priced at $0.141369.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.