Potential new development for Cardano (ADA)
Potential new development for Cardano (ADA)
Charles Hoskinson recently posted a video on Twitter teasing a potential new development for Cardano (ADA). He demonstrated what appeared to be a payment card loaded with ADA, syncing with Samsung's new crypto-enabled smartphone. "Potential new development for Cardano (ADA)"
Alongside HTC Exodus 1, the Samsung Galaxy S10 is one of the most eagerly-anticipated mobile devices in the crypto community. Not much is known for sure about its crypto features yet, but it will include a crypto wallet that is likely to be compatible with a number of different major tokens as well as Enjin Coin (ENJ), which pumped recently following announcements.
This latest demonstration from the head of IOHK suggests that the S10's imaging system will be compatible with crypto payment cards. Hoskinson scanned some kind of crypto banknote in order to upload ADA on to what appears to be a mobile wallet app. Both the card and the software were developed by Tangem, a company that specializes in mobile physical storage for crypto.
Many observers were excited about this new development for Cardano (ADA), although not everyone was prepared to speculate on what the video might mean or wait for official confirmation.
Cardano ada is set to drastically change its roadmap after the IOHK Summit that is supposed to be held in Miami on Apr. 17-18. The timer has been removed from the current roadmap page.
The Cardano developer team intended to finish Shelley by Q3 2018, but the development deadlines have been extended to Q1 2019. And this is one of the biggest events for Cardano project since its inception.
Shelley is the second phase of Cardano ada roadmap that will make its blockchain technology actually decentralized. Cardano ADA is currently in Byron, the bootstrap phase, where they are making improvements and debugging the code.
Shelley consists of 3 main functions:
Incentives: Provides stakeholders with monetary incentives to ensure that the system runs smoothly
Delegation: Allows Cardano stakeholders to delegate their right and obligation to sign blocks to a third party
Networking: Provides network infrastructure to support decentralization
After implementing Shelley phase in the market, Cardano ADA is set out to introduce the Cardano Improvement Proposals, or CIPs with a built voting system, details of which will be released soon. Initially, IOHK will make all CIPs, there will, however, be an increasingly better mechanism for gaining consent for them.
Part of the ongoing Cardano projects is scientific research that has made possible a gradual shift from the lab to coding. This has to facilitate the correction of Ouroboros and has also brought together game theorists as well as programming experts to try and identify new applications for the Cardano ADA network.
