Cardano [ADA] tries to give a push back to the market crash with multiple developmental announcements

The bear attack has been quite the juggernaut with several cryptocurrencies seeing their supports break consistently. Cardano [ADA] which has felt the bear’s pressure too, has been on quite the developmental roll.

Just recently, Charles Hoskinson, the CEO and Founder of IOHK informed users about the upcoming 1.4 and Shelly update for the Cardano 1.4 network. Hoskinson had said:

“The update 1.4 for Cardano is coming along well and we’re in regression testing right now. We’ve had a few regressions but nothing significant is found yet and it’s a lot of new code. There has been a huge amount of refactoring on the core, and we’ve found new database solutions, so we’ve gone from lots of storage to little storage and become much more efficient.”

The computer scientist had also given his thoughts about the new appointees to the Cardano Foundation. Hoskinson’s comment comes in the wake of the appointment of Pascal Schmid as the interim Chairman of the Foundation Council. In Hoskinson’s words:

“What this means is that at the moment Pascal is the current custodian of the Foundation and will be in charge of the transition to reinvigorate and reconstruct the Foundation. There are a lot of things that have to be done between now and when the foundation can become effective as an entity.”

The IOHK official also stated that he would like to see IOHK and Emurgo working together and that might be a possibility in 60 days. He also added that it would be great to see diversity and community management with large grants and the hundreds of thousands of dollars being given to many different organizations. According to Hoskinson, these organizations can then be responsible for building Cardano communities all across the planet.

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