Cardano has become one of the greatest beneficiaries of the development in the cryptocurrency market. In April Cardano has grown by over 200%, Cardano had opened trading with a value of $0.16 at the beginning of April and now it is trading around $0.371 at the end of the month. It was only launched in last September 2017 and in less than a year it has shown great growth.
Cardano is the 6th largest cryptocurrency. It has a market capital of $9 billion.
Cardano is a distributed computing platform which works on blockchain technology for the Cardano cryptocurrency.
Cardona operates on its own blockchain technology called the Cardano Settlement Layer [CSL]. It has emerged greatly because of the efforts of its research developers and engineers at Input Output Hongkong [IOHK]. Cardano is running on one of the most impressive cryptocurrency platforms in the market available today.
The Input Output Hong Kong team has given power to two new testnets which are set to make its mark on Cardano. The first testnet of Cardano is K-EVM. It would be released on 28th May 2018. The second testnet is called the IELE. VM testnet would also be delivered soon. Both the testnets, K-EVM and IELE, are leading Cardano towards Project Goguen.
Project Goguen will feature Side Chains which would easily allow end users to transfer coins between blockchains without using third-party interface. Project Goguen is to be an open source digital currency which is decentralized. Goguen can support multiple cryptocurrencies inside a single ledger. At present, no particular release date has been announced for Project Goguen by Cardano.
Cardano Foundation has tweeted that:
“Gerrard Moroney, Project Manager of IOHK gave a brief introduction about Project Goguen explains KEVM and IELE testnet, which would deliver smart contract capabilities for Cardano [ADA] through a Youtube Video”
Druid James, a Crypto analyst says:
“Really excited about K-EVM and IELE”