Fresh Again, Cardano Prices Rise After Deal With Ethiopia

Cardano price has the potential to go up (Coingape)

JAKARTA - Cardano (ADA) prices reportedly rose again after the company explored an agreement with Ethiopian Industries to decentralize the education sector there.

Cardano himself revealed that the agreement was the largest blockchain partnership ever. This is claimed to reach millions of users.

Ethiopia's Minister of Education, Getahun Mekuria, welcomed the cooperation with ADA. According to him, this partnership can improve the quality of education in his country.

"This initiative is about bringing technology to improve the quality of education," Mekuria said in a statement, quoted from Coindesk, Friday, May 7.

Currently, Cardano ranks 7th after Tether as the world's largest cryptocurrency with a market capitalization of over US $ 48 billion.

For information, Cardano is a Proof of Stake (PoS) blockchain project based on peer-reviewed scientific research. Cardano was developed by various experts from other fields such as engineers, scientists, mathematicians and professional business people.

ADA is a third generation blockchain that seeks to overcome scalability problems that often occur in second generation blockchains. This is quite similar to Ethereum 2.0, whose presence is eagerly awaited by many people, as reported by Binance Academy.

What is clear, Cardano designers themselves always use a scientific approach to develop it even better. Cardano prioritizes security, scalability and interoperability.

Based on an InvestingCube report on May 6, this week, the giant crypto exchange Kraken started presenting ADA on its platform. Kraken is also reportedly planning to offer 4 to 6 percent for users who already have ADA in their wallets. Not only that, they will also get a reward for each week.

ADA's entry into the Kraken platform is likely to increase Cardano demand in a larger number from various users around the world.