Cardano News: What You Need To Know About Delegation Strategy
Cardano has been making a lot of headlines these days due to various achievements of the project but also due to a strong rise in ADA’s price.
The crypto market is booming, and Cardano’s ADA is another coin that is taking advantage of the momentum and racing like crazy.
At the moment of writing this article, ADA is trading in the red, and the digital asset is priced at $0.166848.
The coin is up by more than 50% in the past week.
Just the other day, we were addressing the main reasons for ADA price boost.
Check out the main reasons for the price rise according to the latest info coming from the Cardano community.
Cardano addresses delegation strategy
The Cardano Foundation shared a new post on their Twitter account, and you can also check it out below.
Interested in shaping how we form our delegation strategy? Here’s your chance to participate! Check out our latest post and give us your input https://t.co/moy8W4yyVy
— Cardano Foundation (@CardanoStiftung) November 24, 2020
In the official motes, Cardano writes “As we shared on 17 November 2020, the Cardano Foundation’s delegation methodology is evolving and being redefined following the upcoming changes to the k-parameter 1.”
The same blog post notes that “This is the first, but not the last, evolution of our delegation methodology in keeping with the changing parameters of the protocol towards a more decentralized ecosystem.”
We recommend that you check out the complete post on the Cardano forum.
Cardano to overtake Ethereum
In other news, it’s been recently revealed that Cardano is expected to overtake Ethereum from a tech point of view in 2021.
With the upcoming releases over the next 6 months, Cardano will completely overtake Ethereum technologically. It will be far more secure, scalable, decentralized, and energy efficient. Can’t wait to see the first projects ditch Ethereum for a real blockchain. $ADA
— Beastlorion (@Beastlyorion) November 22, 2020
Stay tuned for more news.
