Cardano [ADA] CEO hints at upcoming events ahead of first anniversary

Cardano [ADA] CEO hints at upcoming events ahead of first anniversary 23873
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Priyanka Babu
Sep 24, 2018 at 7:01 PM

Cardano [ADA] community is going to celebrate the one-year anniversary of its release on September 29, Charles Hoskinson revealed in a short video posted on Twitter. Hoskinson, CEO of Cardano, said that special celebrations will be conducted in Tokyo, apart from celebratory events that will be conducted 'throughout the world'.

He also mentioned some of the announcements that will be made on the day of the anniversary. He announced the launch of Infinito mobile wallet and said that it would mark the company's 'first foray into this space'. He said in the video that some parts of the mobile wallet's design are based on Cardano's projects - Prometheus and Icarus.

Prometheus is a back-end toolbox that is used to power multiple wallets, including a command line wallet. Hoskinson, in his video, also revealed that the Cardano community can expect some Prometheus-related news to be revealed at the end of the month. He hinted that the update would be related to the command line client feature of Prometheus.

Hoskinson also said that Emurgo is planning for a release on the Cardano anniversary. Emurgo is a Japanese incubator that helps businesses that are focused on advancing blockchain technology.

Cardano is an open-source cryptocurrency project that uses a proof-of-stake algorithm called Ouroboros to mint coins. It was officially launched last year on September 29.

The coin's market cap was around $600 million in October last year. It had then surged to over $33 billion early this year. At present, the crypto has a total market value of $2.21 billion, data from CoinMarketCap showed. Currently, it is one of the most secure and scalable blockchain networks in the market.

See also:

S&P Global Platts explores blockchain to improve commodity trading

Coinbase, Caspian team up to boost institutional trading in crypto

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