Cardano’s ADA is dipping with the present bear trends in the cryptocurrency market
I think the growth will continue after the New Year. Because in december we spend a lot of money on fun (stupid) things :)
However, it seems that ADA is gaining more positive momentum as the announcement came about the progress on the future updates that Charles Hoskinson and the teams taking care of Cardano’s ADA are working on.
1.4 version is almost ready while adding that Cardano rust is making “epic” progress and the test net for the latest version had already been released.
The protocol is called Ouroboros Crypsinous and is supported by SNARKS technology, also known by the protocols seen in a privacy-oriented currency, ZCash (ZEC).
In order to make the protocol immune to adaptive attacks, the team needed to modify the PoS protocol known to be vulnerable to these attacks.
In the meanwhile, while Cardano is waiting to get listed on Coinbase and the team is proceeding with working on updates, ADA lost its spot on the top ten list of cryptos, currently ranked 11th currency after the recent gains.
Coinbase Confirms their Interest in ADA, Official Listing Announcement Yet to Come
Several days ago, Coinbase released another update on their listing plans, mentioning 30 cryptocurrencies and stating that their new policy should bring over 90% of compliant digital assets, which means that all the listings would need to go through the process of testing before getting an official listing.
That is how ADA gets the first privacy-preserving Proof of Stake protocol while, as the dev team added mechanism based on SNARKS zero-knowledge technology and secure encryption.
