Cardano Boss Teases New Network Features with Input Endorsers Upgrade

Updated:

Despite its remarkable performance over the past few years, Cardano refuses to rest on its oars as the development team continues to work on new infrastructure and protocols to improve network scalability.

While the community eagerly awaits the rollout of the Vasil Hard Fork later this month, Cardano founder Charles Hoskinson recently spoke on the numerous features to be added to the network’s Input Endorsers upgrade.

The Cardano boss made the comments by a tweet yesterday, noting that the development team discussed the possible features to be added to the Input Endorsers upgrade, slated to launch in late 2022.

However, Hoskinson refused to comment on what the community should expect with this upgrade, noting that the team will give an extensive video explanation by next week. He tweeted:

“Just got off a research call. I think everyone will be pleased about some genuinely amazing things coming together for Input Endorsers. We’ll have a video at Consensus on it.”

Input Endorsers is a Cardano upgrade rumored to provide a super-fast layer-1 network as blockchain networks battle for supremacy.

The upgrade was first discussed in Cardano’s Ouroboros research paper published by Input-Output Global (IOG).

Key Cardano Levels to Watch — June 3

Cardano recorded a bearish resumption on Friday after a retest of the $0.600 level. The cryptocurrency suffered a 5.5% drop on the day but was supported by the 100 EMA. This comes amid the persisting bearish pressure in the broader market, as the entire market cap dropped by 3.5% on the day.

ADAUSD – 4-Hour Chart on Binance. Source: TradingView.

That said, I expect a return to the $0.600 mark over the weekend and an attempt at $0.700 next week.

Meanwhile, our resistance levels are $0.600, $0.700, and $0.800, and our support levels are $0.500, $0.400, and $0.300.

Total Market Capitalization: $1.22 trillion

Cardano Market Capitalization: $18.8 billion

Cardano Dominance: 1.54%

Market Rank: #6

 

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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.