- Cardano is set to launch Seiza in May 2019
- IOHK CEO believes Seiza is a useful product for the Cardano community that will boost transparency
- Price of ADA is expected to rise to $2 before the end of 2019
On 18th April 2019, Cardano announced the launch of Seiza, a blockchain explorer equipped with more features than any developed by EMURGO – the official financial arm of Cardano. Sieza release is scheduled to happen before the end of May.
Blockchain explorers are cryptocurrency search engines that assist users in finding information about a particular blockchain. The information can either be transactions, both past and pending transaction’s history, and wallet addresses. With Seiza, ADA users will be able to track any transaction on the Cardano blockchain.
ADA holders will soon be able to participate in stake pools, as Cardano employs a proof of stake (PoS) consensus. PoS staking is vital to secure the network and validating transactions. T
he more ADA users stake, the higher the chance that the said user will be selected to create a block which will lead to earning awards. Seiza will grant ADA users the opportunity to access the real-time data for the stake pools. Charles Hoskinson, IOHK CEO stated that Seiza was such a useful product for the Cardona community that will be able to deliver transparency to its users.
The Shelley Update
This week, Blockchain Reporter reported about the latest development of Cardano – the Shelly update. Shelly update promises to evolve the Cardano blockchain into a fully decentralized project ultimately. The update is scheduled to be launched soon; however, the team had previously released a software, project v 1.5 meant to lay a firm foundation for Shelley development.
Shelley will offer its ADA users governance, stability, and interoperability. The Cardano team is taking its time to ensure that everything is brought to perfection. A set of rules has also been set up to ensure that the transition from Byron phase to Shelley goes smoothly.
Cardano ADA Price Prediction
Cardano ADA price prediction in 2019 is rather optimistic because of the huge efforts that the Cardano team has put lately.
If it all goes as planned with the future upgrades, the scalability challenges in the blockchain industry will be solved. Solving the scalability issues at Cardano will attract more people to be part of its community. So far, because of the positive ADA news, its price has risen 30.38% in one month. Like other cryptocurrencies in 2018, ADA had a challenging year due to the bear market, but 2019 is somewhat different as most cryptos are registering a gain against the US dollar. ADA is expected to rise to $2 before the end of 2019.