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Cardano News Today – Cardano Node v1.19 a 100 Times Faster Than the Previous Version While ADA Remains Bearish – August 20th, 2020

  • IOHK Releases Cardano’s Node v1.19 and it is 100 Times Faster than the Previous Version
  • Cardano ADA Continues to Trade in the $0.1300 – $0.1400 Range as Bears Persist 

Cardano News Today – The Cardano community and the Cardano development foundation is extremely satisfied with the updates. The new node v1.19 update, according to users, is a hundred times faster than the old node in almost every aspect of the software. In his latest video, Cardano’s Charles Hoskinson talked about how successful the updates have been. He said that the mode v1. 19 and Daedalus v2.2 come with significant improvements.

Cardano News Today – Improvements Introduced by the Latest Updates Makes Everything Better

Among other improvements, the node update is 100 times faster than the old node. Everything is good to go and the only thing left is for the QA team to identify bugs in the final tests. If there are no bugs, the software will be released today. In his words;

“Some aspects of the software are 100-times faster than the old node. It just depends on what upgrades you perform, so sync speeds have been improved, chain validation and revalidation have been improved, the opening and closing of the database, lots of problems people were having the last two weeks, three weeks for Daedalus being very heavy in the Shelley era have been resolved.”

He said that the development team will keep working to improve all the components of the Cardano ecosystem even long after the successful implementation of these updates. He said that there is a lot of work to be done on the wallet backend and the next version of the node will be released in a few weeks. This new version will come with more features.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardanoCardano $0.131

Hoskinson also talked about the multisig functionality of the Cardano blockchain. A multisig high priority update is going to be released in September. He continued;

“This is another high priority for us to get things where they need to go. So it’s gonna be a busy month, September, a lot of new features and a lot of new things.”

Hoskinson said that IOHK is welcoming suggestions for technical improvements on the blockchain. Stake pool operators will implement new features that will make the staking process easier and faster.

Cardano ADA Continues to Trade in the $0.1300 – $0.1400 Range as Bears Persist

In other news, the Cardano ADA token is now stuck in the $0.1300 to $0.1400 range. The bearish pressure has intensified over the last few days as the entire market has taken a hit. At the time of writing, the price of the ADA token was $0.131210. It is down by 1.58% against the USD and down by 1.36% against Bitcoin BTC. The trading volume over a 24 hour period is $347,128,256 and the market capitalization is $3,401,888,529.

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