Cardano [ADA] continues its developmental roll; prices reflect the same

Cardano [ADA] has had a relatively great week compared to other cryptocurrencies, becoming the third biggest gainer among the top ten cryptocurrencies. At a time when popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP have slowed down in terms of developments, Cardano has been creating news with its latest updates.

Recently, Input-Output, the technology firm spearheaded by Charles Hoskinson, the Founder of Cardano, revealed that an audit checkup was conducted for its new Icarus project. IOHK had stated that the reason they went for a third party audit over an internal audit was to get an in-depth look at the bugs that may exist in the system prior to the launch. The company further stated:

“This ensures our customers and clients have the most secure wallet we can provide.”

Charles Hoskinson has been a vocal personality in the cryptosphere. He had made news a few days back when he spoke about EOS raising more capital than Cardano in terms of funding. According to him, the amount of capital one raises has nothing to do with the success of the cryptocurrency. He had stated:

“It’s kind of funny that the number two cryptocurrency raised 18 million to get where it’s at and the number one cryptocurrency raised nothing. So if you think about that, there is strong evidence in the space – the amount of money you raise doesn’t really have a lot to do with your ability to succeed.”

Hoskinson even spoke about his company’s relationship with Hyperledger and complimented their products, Sawtooth and Fabric. He went on to praise the Head of the Fabric project, saying:

“They’re led by Christian Cash and he’s also the head of the IACR and he’s a good guy to have dinner with and he’s one of the world’s top experts in distributed systems. In fact, if you ever take a course on the topic you’re probably either gonna read his book or Nancy Lynch’s book. Nancy’s at MIT.”

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