Cardano’s and Konfidio Alliance in Germany helped Increase its Value

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Arushi Dubey
Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

The whole Cardano team members and community is enjoying a bullish boost after doing an alliance with the Konfidio. The currency is trading at the 13th position on the coinmarketcap below Monero and Stellar Lumens. The value of the Cardano is trading at the value of $0.047740 and its value is increasing by 4.73% at the time writing and Cardano prediction is bullish. The market capitalization of currency is $1,237,762,664 and the 24-hour volume of the currency $40,983,200. The circulating supply of the currency is around 25,927,070,538 ADA. 

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Konfidio is Berlin, Germany based blockchain venture and the Cardano’s firm The Cardano Foundation, which handles the adoption-related function, are associated with each and experts are thinking this might be the reason behind the increase in the value of Cardano. This is helping in increasing the government’s DLT adoption and several different organizations.

Cardano is founded 3 years back in Switerzland and it was known for pro-blockchain regulations. The founder of Cardano, Charles Hoskinson and Michael Parsons created this to expand the possibilities of Ethereum as the “third-generation blockchain ecosystem”.

The IOHK’s (Input Output Hong Kong) Nathan Kaiser is very excited with the association. He said that this is a big step “towards promoting and advocating Cardano” and expecting the crypto community’s interest to hike in this deal.

The Founder and CEO of Konfidio, Dr. Marvyn G. Maistrey stated, “…After having researched all the Turing-complete blockchains, we believe the third generation blockchain of Cardano is best-placed to ensure the stability and business continuity of real-life business model…”

Still, Cardano is yet to implement the Shelley and in succession of Shelley, Goguen era will be the target on getting smart contracts. The alliance of IOHK-Emurgo will be going to end after a year. There is a lot to manifestation for the executives of these firms in a very little amount of time.

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