Cardano Built Something Genuinely Useful. Naturally, the Price Went Down.
Can a boring upgrade fix Cardano’s long slump? The new CIP-0113 standard is useful, but it’s still waiting for customers.
Overview
On Oct. 7, the Cardano Foundation announced that a new programmable token standard is live on the Cardano (CRYPTO:ADA) mainnet.
The CIP-0113 standard doesn't exactly roll off the tongue, but it adds valuable functionality to Cardano's ecosystem. It's a smart contract system for financial services, baking regulatory checks and token screening into the blockchain ledger. Crucially, the upgrade took place without executing a cumbersome hard fork.
Details
And as I'm writing this at 2:45 p.m. ET on Oct. 7, Cardano's price is down 5.6% over the past 24 hours.
Source
Originally published at www.fool.com.
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