Categories: Ethereum

Ethereum, Cardano Foundations among top 50 blockchain firms in Crypto Valley

Click here to view original web page at eng.ambcrypto.com

Built on scientific philosophy and peer-reviewed academic research, the “third-generation” blockchain platform, Cardano, has often been touted as one of the best blockchains in the cryptocurrency space. Working alongside IOHK, a tech startup founded by Charles Hoskinson and Jeremy Wood, Cardano’s journey from the early stages of Byron to the most recent development of the Shelley stage, the roadmap seems to be strong.

Adding a feather to its cap, Cardano made it to the top 50 blockchain organizations in a recent report by an investment firm, Crypto Valley Venture Capital [CV VC], in Zug, Switzerland, for the third time.

The top 50 companies by industry sector in the Crypto Valley also included big names like mining firm, Bitmain and interestingly another Charles Hoskinson’s co-founded, second-generation blockchain, Ethereum. The open-source blockchain platform Ethereum Foundation was recently reported to have $19 million of its funds allocated to towards Ethereum 2.0-specific rollouts such as client development, state channels & plasma, formal verification, and EWASM.

The CV VC report read that the current bullish trend in the valuation of cryptocurrencies drove the market cap of the 50 largest Blockchain companies in Switzerland and Liechtenstein from $20 billion in the late December 2018 to more than $40 billion in July 2019.

Cardano Foundation Chairperson, Nathan Kaiser, on the latest achievement, commented,

“This positive development indicates maturity and growth, and we are proud to be a part of it. What we need next is to continue collaborating and working together with others in the industry towards a favorable regulatory and business environment.”

Talking about the incessant crypto winter that led to significant declines in the price of cryptocurrencies and pushed many promising projects to closure, Mathias Ruch, Founder, and CEO of CV VC, stated that firms with “strong fundamentals” and “emerging use cases” had considerably increased valuations.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Gartner sees blockchain as ‘transformational’ across industries, in 5-10 years

Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More

5 hours ago

The Future Lies in Blockchain: Circle CEO Jeremy Allaire Backs China’s Cryptocurrency and Facebook’s Libra

The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More

5 hours ago

Ethereum-based Staked Not Efficient, Claims DeFi Builder

Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More

5 hours ago

$20M Bond Trade on Ethereum Settled by Santander Bank

Banking giant Santander has just settled a $20M bond on the Ethereum blockchain. The bank settled both sides of the… Read More

5 hours ago

Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and… Read More

5 hours ago

African Bitcoiner Returns 7.8 BTC ($80k) He Mistakenly Received

In an industry where people lose their crypto-assets for even the most minor lack of security consciousness, an African bitcoin… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More