Cardano (ADA) Icarus And Yoroi Wallet Latest Blockchain Project Updates
These Are the Latest Updates on Cardano: Icarus and ‘Unsung’ Yoroi
Charles Hoskinson, Cardano’s Founder, has presented some of the most important projects that developers are working on. When he was unveiling some of the different projects, he mentioned about Icarus and Yoroi.
The community was really excited about Icarus and what it could mean for the future of the project, and Cardano’s blog was referring to it as an extension for Chrome. Indeed, it was ‘a reference implementation for a lightweight wallet developed by the IOHK.”
This is just one of several initiatives that will provide developers with a wide range of tools to improve Cardano’s network.
The official GitHub website reads as follows:
“This wallet does not need to download and validate a copy of the Cardano blockchain, instead, it uses a copy of the blockchain on a server, so it offers advantages in terms of speed of use.”
What Is Unsung Yoroi?
This is a light-client wallet that was launched by Emurgo, an organization that works with Cardano and supports its projects. Apparently, the company shown interest in releasing this implementation of Icarus to the community. Emurgo is currently trying to launch their implementation of Icarus, the so called Yoroi wallet.
Until now, the company has not unveiled the version of Icarus, but soon it can do it. Emurgo has already presented the technical report on how to go about it.
The interesting fact about Yoroi, is what it means in Japanese: ‘great armour.’ Indeed, it could have a relation with some special armament used by Samurais to protect themselves. And why not to link it with a secure wallet developed by Emurgo?
What About The Market?
In the last days Cardano (ADA) did not perform well in the market. Indeed, the virtual currency moved from $0.17 dollars at the beginning of July, to $0.09 now. Moreover, it has lost more than 90% from its all time high in January.
In the last 24 hours, Cardano has lost more than 4% of its price, and is registering a market capitalization of $2.44 billion dollars. But this is not the only virtual currency in such a situation. Tron (TRX) for example, has lost 4.4%, or IOTA 6,08%.
During the last weeks, the virtual currency market has lost an important part of its market capitalization reaching new lows in 2018. For example, in just some hours, the market lost more than $10 billion dollars as a whole.
For the future, Cardano remains a very attractive digital currency, with a very important project and community of developers.