Important Cardano News and ADA Price Update: August 5th
Cardano’s ecosystem recorded several important developments between July 30 and August 5th. These range from a new cross-chain connection to changes in the way governance representation works.
Meanwhile, ADA briefly approached $0.20 after gaining over 20% over the past week. Here are some of the most important Cardano news and an update on ADA’s price action from the past few days.
Cardano Connects With Injective Through IBC
Cardano and Injective established their very first connection through the Inter-Blockchain Communication protocol on the testnet.
In an official announcement, Injective said the integration is designed to eventually allow ADA to enter its ecosystem while INJ itself becomes fully available on Cardano.
The testnet deployment creates a direct cross-chain rail and is intended to represent another step toward improving the compatibility of Cardano with other networks outside its existing ecosystem.
JUST IN : Cardano is now officially connected to Injective, the first blockchain to have a live onchain rail to Cardano via testnet.$ADA is coming to Injective. $INJ is coming to @Cardano. Both will be available across the two ecosystems. pic.twitter.com/ECnexrfx8c
… Continue reading the full article at the original source below.
