Cardano’s Charles Hoskinson Announces Launch Date For Massive Upgrade

Cardano’s Charles Hoskinson was in the spotlight not too long ago when he addressed the fact that fear and misinformation are hurting Bitcoin, and something needs to be done in this direction so that people can be educated correctly on digital assets.

Lack of trust is one of the issues

He said that a lack of trust is the main issue that people and corporations are facing during the coronavirus pandemic – the blockchain is the solution, he says.

“There were tons of issues from hoarding to profit-seeking behavior and other things leaking in and ultimately hurting the most vulnerable among us. So we ask ourselves why is that,” Hoskinson said.

Charles Hoskinson announced the next upgrade

ADA’s price surged the past week by about 20% after the IOHK CEO Charles Hoskinson pegged a time frame for the blockchain’s next major upgrade.

During the past week, Hoskinson revealed that IOHK, the company behind Cardano, is releasing Shelley between June 30th and July 7th.

“July 7th is our backup for that candidate that we release, that you guys will download, but if everything goes without a hitch, June 30th will be the date we ship that, so there’s gonna be a week range…” he said.

He continued and explained: “These were systematically and carefully built. We waited a long time to get to this point because we wanted to have a high degree of confidence.”

Here’s what Hoskinson was saying back in March, while praising Cardano: “We’ll have the scalability required to meet all of the growth demands that we need. We have a very clear interoperability story. We have a clear idea of how we’re going to communicate with other systems.”

Anyway, in terms of pricing, at the moment of writing this article, ADA is trading in the red and the coin is priced at $0.078509.


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CoinMarketCap

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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