Home Coins Cardano (ADA) Another Epoch awaits Cardano as Bittrex finally updates $ADA wallet

Another Epoch awaits Cardano as Bittrex finally updates $ADA wallet


In what seems like an update that was a long time coming, Bittrex’s $ADA wallet is up and running once again, processing deposits and withdrawals with the required updates to the Cardano protocol. The same was announced by Richie Lai, Co-founder and CIO of Bittrex, on Twitter.

After the announcement, Charles Hoskinson, CEO of IOHK, was quick to address members of the community about the significant and long-awaited update to the Bittrex wallet, describing it as “the oldest wallet and most broken of all the wallets,” running on some very old and bad code.

According to Hoskinson, the code in question had been worked on by engineers who are no longer associated with the project anymore, a contingency that made the process of updating the code exceedingly difficult.

Of course, users of the Bittrex wallet are no stranger to the issues it has had in the past. In fact, many have taken to Reddit to express their concerns over the inadequacies with Bittrex, with some claiming that they only use it due to the inaccessibility of Binance and Kraken in their geographical location.

The lack of urgency with respect to updating the $ADA wallet was underlined too, with one user going on to say,

“Bittrex is taking longer to update Cardano to Shelley than any other exchange. While I can understand some delay, I absolutely condemn them for total lack of communication. We deserve some update. Currently, they have millions of ADA locked up and no word on how long before release. VERY poor customer service.”

Indeed, the new tech update, which was a combined effort by Bittrex and Cardano’s developers, was much required as Cardano is preparing to head into a new Epoch. In just 5 days, the network will further move to decentralize by 38%.

While these updates to Bittrex were extremely necessary, they are not particular to Bittrex alone but are universal. As a result, each user of the Daedalus wallet will benefit from the implemented updates going forward. The exchanges that have migrated to Shelley already have much better infrastructure when compared to those that are on Byron. As use and utilities scale on Cardano, the management will see a much smoother transition towards Goguen.

In a rapidly evolving ecosystem, long downtimes for infrastructure upgrades are not well received by users. The lesson in the present case, therefore, can be the importance of being uniform in the process of exchange updates.





Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,553FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.18
GBP
1.30
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.71

Most Popular

Cardano, Ontology, Dash Price Analysis: 26 October

The Crypto Fear and Greed Index was noting a reading of 75, at press time, as extremely greedy sentiment gripped the market after...

XDB Foundation Managing Director to Speak at 12th Anniversary Global Family Office Investment Summit in Dubai – DigitalBitsOrg

XDB Foundation Managing Director, Michael Gord, will be participating in a panel discussion at the 12th Anniversary Global Family Office Investment Summit, taking...

GNT to ERC20 migration FAQs

Hello everyone! Thank you...

Ripple CEO Brad Garlinghouse opposes Coinbase’s ‘no politics’ policy

Brad Garlinghouse, the CEO of blockchain-based payments firm Ripple, disagrees with Coinbase’s new policy restricting its employees from engaging in political discussions at...
bitcoin
Bitcoin (BTC) $ 13,082.26
ethereum
Ethereum (ETH) $ 398.16
ripple
XRP (XRP) $ 0.251359
tether
Tether (USDT) $ 0.998332
bitcoin-cash
Bitcoin Cash (BCH) $ 263.05
bitcoin-cash-sv
Bitcoin SV (BSV) $ 175.49
litecoin
Litecoin (LTC) $ 57.13
eos
EOS (EOS) $ 2.66
binancecoin
Binance Coin (BNB) $ 30.87
okb
OKB (OKB) $ 4.72
tezos
Tezos (XTZ) $ 2.10
leo-token
LEO Token (LEO) $ 1.26
cardano
Cardano (ADA) $ 0.103059
monero
Monero (XMR) $ 135.86
stellar
Stellar (XLM) $ 0.082195
chainlink
Chainlink (LINK) $ 11.71
huobi-token
Huobi Token (HT) $ 4.41
tron
TRON (TRX) $ 0.026991
usd-coin
USD Coin (USDC) $ 0.997215
dash
Dash (DASH) $ 71.07
neo
NEO (NEO) $ 17.37
iota
IOTA (MIOTA) $ 0.275061
nem
NEM (XEM) $ 0.101637
zcash
Zcash (ZEC) $ 61.57
maker
Maker (MKR) $ 589.08
paxos-standard
Paxos Standard (PAX) $ 0.999481
ethereum-classic
Ethereum Classic (ETC) $ 5.49
vechain
VeChain (VET) $ 0.011491
true-usd
TrueUSD (TUSD) $ 0.997768
ftx-token
FTX Token (FTT) $ 3.92
kucoin-shares
KuCoin Shares (KCS) $ 0.847322
waves
Waves (WAVES) $ 3.21