Big Security Boost For Cardano

Published 5 years ago on October 29, 2018

It has been recently announced by IOHK that Trezor is currently undergoing its final preparations to support Cardano. The globally known hardware wallet, Trezor facilitate digital currencies to be stored and they are popular for being able to store the key to the wallet safely. The firm is a big manufacturer of hardware wallets and a big boost for security for the foundations native token is surely going to please a lot of people who have invested in it. This announcement has come from Charles Hoskinson, who is the founder of Cardano, through his official Twitter account which suggests that this could be the case before next month. Trezor themselves even tweeted saying: â€œHave you ever wondered what we are working on? Have a look at our newly created roadmap, where you can see all the new stuff that is coming up!â€ This lists other tokens which will be receiving support in addition to Cardanoâ€™s ADA that day. This includes Stellar, XRP, Zcash, Zencash, Monero and so on. The founder of Cardano was recently discussing how the team is going to be providing more insightful updates. He noted that they will soon start the creation and the posting of videos with their future projects. It is very anticipated from token holders regarding the imminent 1.4 update and given the volume of users on Cardano, this is said to be an important point for the development of a new update from the foundation. This 1.4 update is expected to aid Cardano to get further traction in bringing in more users to its platform and the use of its native token. Nevertheless, seems to be kept at bay with the downside pressure still being applied. The lack of announcement from the firm could be taking its toll on the price. It is currently running within its 8th consecutive trading session in the red and no sign of a bounce as of yet. As said by Crypto Sam:

â€œADA/USDT price action remains stuck and dictated within this triangular pattern formation. The market bears, with the current losing streak, are set to test the key near-term support to the downside. This is seen at the lower part of the above-mentioned pattern, tracking at $0.0728 area, also within a touted demand zone.â€

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Robert Johnson

Robert first came across Bitcoin in 2016 during a meetup in Belgium, and has been hooked ever since. With a background in Economics, you can find Robert frequently looking at the Twitter feed of the SEC for any regulatory updates relating to Bitcoin and Crypto in general.