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You are here: Home / News / Altcoin News / Cardano Rallies By 20% As It Joins Bitcoin, Ethereum With IOHK’s Crucial Partnership
Cardano Rallies By 20% As It Joins Bitcoin, Ethereum With IOHK's Crucial Partnership

Cardano Rallies By 20% As It Joins Bitcoin, Ethereum With IOHK’s Crucial Partnership

December 30, 2020 by Reena Shaw

Looking back at 2020, Cardano [ADA] can be heralded as one of the most promising altcoin projects. This year has significantly helped shape the network into a future-proof, third-generation blockchain.

More recently, Cardano has posted an impressive rally over the week as it catapulted gains of nearly 20%. The eight-largest crypto-asset changed hands at $0.181, at the time of writing.

Interestingly, ADA had previously struggled to push above the $0.16-level, however, over the past 7-days, this trend has reversed noticeably.  ADA witnessed a fresh upward momentum as it eyed to breach $0.2 while recording a multi-year high.

ADA 1 e1609318465157

The latest boost to the cryptocurrency coincided with a partnership. IOHK, which is the company behind Cardano,  recently announced its partnership with Wolfram Blockchain Labs to integrate the Cardano blockchain into Wolfram Alpha.

As a part of this deal, Cardano data would be integrated into the Wolfram Alpha computational intelligence engine. According to reports, Wolfram earlier integrated with Bitcoin and Ethereum blockchains, as well as the ARK blockchain framework and Bloxberg. The official blog post also revealed that the IOHK team was currently defining a scope of work that would utilize Wolfram Alpha to offer Oracle services for Cardano.

Oracles are touted as a crucial component to drive smart contracts since they enable data to be transported from a variety of sources into the blockchain. The latest news has been claimed to be a ” landmark moment for IOHK” as it would give help expand Cardano’s ability to provide ways for developers to integrate advanced external information into their smart contacts.

Further explaining what the latest integration with Wolfram Alpha means and how working with the engine behind Siri is a big step for the blockchain, IOHK stated,

“This makes Cardano’s information available to virtual assistants like Alexa and Siri. Once integrated, users will be able to query the system to find information or solve computational problems as easily as asking their virtual assistant. We anticipate the initial phases of integration with Wolfram will occur Q2/Q3 of next year”

Notably, this is not the first tryst of IOHK with Wolfram. The two platforms have historically enjoyed close ties. The Founder and CEO of Wolfram Research, Stephen Wolfram had previously presented at Cardano2020 as well as at the IOHK Miami 2019 summit.

Filed Under: Altcoin News, News Tagged With: Cardano (ADA), IOHK

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