Charles Hoskinson Talks about Cordana(ADA) and the recent update

Charles Hoskinson updated the community through a live add on Twitter, made in Colorado, United States after he returned from a short vacation. He spoke to the public and his Twitter followers with the aim of updating the community about the Cardano 1.2 Update that has been expected for quite some time. The CEO broadcasted live the ad where the public had the opportunity to know more about the latest updates of the long-awaited version Cardano 1.2. This is what Charles Hoskinson spoke about in his announcement.

Charles Hoskinson updates the community 

Charles Hoskinson spoke with the community recently where he addressed the public on the issue of the net release of Cardano CL test, along with talking about the Cardano updates for version 1.2.

In case that you have been keeping up with Cardano (ADA) in the past, you probably know that Charles Hoskinson announced the launch of the Cardano update in March with the idea of having the new update released in mid-April.

We have seen come and go in mid-April, but we have not seen updates or news from Cardano’s team. That is why the CEO of Cardano decided to address the public and announce the new updates on the moral issue of the release of the Cardano CL test network and the updates for version 1.2.

The idea was to have the latest version of 1.2 coming soon with the launch of paper wallets along with bringing new features in the form of improved security, an improved system, fixed network and the preparation for smoother user experience with the improvement of the performance of the net.

Charles Hoskinson also added in his live presentation that the reason for being late to the previously established release date is the fact that there was a lot of work to be done on the network so that everything started in an excellent state.

Also, it is critical that the latest updates are tested, so the ADA team has partnered with two test companies, called Allied Firms and Kubik. The two companies mentioned will test the new updates for several factors, including feature tests, regression tests and finally smoke tests.

All these tests must allow the system to be solved, since, during the test, all discovered errors will be debugged, thus leaving a fixed and functional network. The main idea is to have the network together with the new updates ready to admit as many users as possible.

In addition to talking about improving general security, improving performance and correcting errors with the new Cardano (ADA) updates for version 1.2, Cardano’s CEO spoke about the team’s plans for fall and winter.

Also, he affirmed that there would be announcements in the future about these plans for the near future. Although details about the summer and fall plans were not disclosed, Hoskinson mentioned that the team is planning to deal with Cardano’s Treasury, RENA and Hydra so that we can expect more news about the project mentioned in the fall.

Reactions to Orlando’s live announcement enthralled numerous fans as Charles Hoskinson mentioned that the launch of the new update is expected during the next week, which meant that the launch should take place soon. Although it is a bit late when compared to the previously established release date, the community is looking forward to the new release announced for the new version 1.2.

However, some Redditors pointed out that, although the ADA CEO did talk about the new updates and the future of Cardano, he did not speak much about the future of his currency, ADA.

However, Hoskinson says that Cardano (ADA) must aspire to be competitive regarding characteristics and technological progress and not at its market price. We bet that many headlines would differ in disagreement.

Cardano and the market

After a day a day of having most of the digital assets trading in the green while accumulating rises against the dollar, we can see again a large portion of the market plummeting with the current trend. This is how ADA is also falling with the most recent change in the market, falling against the dollar while trading in red.

After the most recent change in the market, Cardano (ADA) has dropped -2.52% against the dollar, while it is also falling against BTC by more than 1%. After the last change in value, currency number  8 can be changed to the price of 0.20 dollars for one unit.