Cardano Has a New Product Launch, What's That About?

<p>&nbsp;"Wow, ADA is the best, it's really fast developing its ecosystem."</p><p><br /></p><p>Shortly after breaking through $0.64 last Saturday, the price of cryptocurrency Cardano (ADA) seems to be seeing a drop back down to $0.51 in response to the movement of Bitcoin (BTC) which faced yesterday's decline.</p><p><br /></p><p>However, it should be noted that the Cardano Foundation has recently introduced a new W3C Identity Wallet that facilitates seamless interaction with ADA Decentralized Applications (DApps) including providing support for identity standards.</p><p><br /></p><p>Not only that, Identity Wallet also promotes self-sovereign identity in ADA and various blockchain networks and offers a user-friendly interface where security regarding digital asset management will be guaranteed.</p><p><br /></p><p><br /></p><p>Another feature of Identity Wallet is the addition of Key Event Receipt Infrastructure (KERI) which is a solution that scales interoperability including ensuring that identity management is secure and efficient.</p><p><br /></p><p>Following on from the new mobile wallet that is so important to the digital asset and blockchain technology landscape, the Identity Wallet provides a structure that allows users to navigate the growing exosystem.</p><p><br /></p><p>Please be informed that Identity Wallet is the second wallet launched by ADA with Light Wallet Lace being the first.</p><p><br /></p><p>It is true that ADA has decreased by 4.79% to $0.55 in the last 24 hours with a market capitalization of $19 billion, but its price still recorded a 36.87% climb over the last week.</p>