Cardano 1.2 to Go Live This Week

CEO Charles Hoskinson revealed the imminent release will provide new features and enhancements

by -
28 May • 2 min
In News

A new version of Cardano (ADA), which is set to correct tech issues such as performance and network improvements, as well as security enhancements, is expected to be released this week.

ADA’s tech developers will soon finish writing their codes for Cardano 1.2, which includes the activation of V1 APIs and Paper wallets, Charles Hoskinson, founder and CEO of Input Output Hong Kong (IOHK), the company developing Cardano, said in a live Twitter announcement last week. The Cardano 1.2 release, which was initially expected in April, will follow several tests carried out by testing companies Allied Testing and Kubik.

This is quite a long release pipeline, a lot of things still need to be automated and we need to make some improvements in that pipeline, Hoskinson said. “Our hope is every time we do it, the release pipeline from when we stopped active development to when we actually release the update to end users will shrink over time and will get better and better, every time we do a release we do a post-mortem on it and try to find ways to improve and automate that process.

Hoskinson, who is also the co-founder of Ethereum (ETH), added that users can expect more updates in the coming months. The upgrades will be related to RENA, Cardanos Treasury, and Ouroboros Hydra, which are the main components of the system.


ADA Price

Cardano is a blockchain platform focused on using scientific approach to introduce innovative technological advances into the crypto world. It was launched in September 2017 and is currently a Top 10 cryptocurrency by market value, holding the number eight spot on Coins.Online. With a 7.3% decline in the last 24 hours, ADA is currently priced at USD 0.18. Its market capitalization stands at USD 4.7 billion.

Last week, Cryptopia, a New Zealand-based exchange, added ADA pairs to its trading platform. The digital currency is already listed on some of the biggest exchanges like Binance, Upbit, Huobi, and Bittrex.

With these latest developments and updates, ADA’s adoption and price could increase in the coming months.