During the crypto-market drop in December 2017, ADA exhibited exceptional stability, when Bitcoin and all significant cryptocurrencies prices dropped, it reached its all time high of $1.33 USD in January of 2018.
It was in May of 2019 that Cardano Shelley was launched, a feature that made ADA fully decentralized.
Around 95% of ADA stakeholders reside in Japan.
Cardano digital assets are backed by established cryptocurrency players, academic experts and dedicated developers, giving it long-term potential for growth.
It creates a platform that is safe and scalable for multiple digital assets, that supports smart contracts as well.
Cardano is a smart contract platform created to cover for the shortfalls of both Ethereum and Bitcoin. It is a brainchild of Ethereum co-founded Charles Hoskinson, being knowledgeable of the Ethereum platform, makes its proposition of improvement credible.
The current release is Shelley Daedalus, this features a list of all participating stake pools directly via the UI
There are two ways to earn rewards while holding Cardano (ADA). First option is running own stake pool. Other option is to delegate in stake pool. More the staking pool will most likely to make next block and more rewards.
Cardano is an open source project that started as a collection of design principles, engineering best practices and avenues for exploration and improvement.
The blockchain that manages the Cardano coin ADA, has two layers - settlement and computation. The former manages the economic part and the coins in the wallets while the latter manages smart contracts and regulates digital identities.
Cardano as a platform is not just limited to being a cryptocurrency, but a platform that is capable of running financial applications on the day-to-day dealings of individuals, organizations and governments globally.
Cardano also runs decentralized applications, or dapps, which services that operate on a blockchain. The company behind its development is called Input-Output Hong Kong (IOHK) which is managed by Hoskinson.
Cardano has already raked in capitalization of $11 billion USD giving it a very promising future.
A 5-year ADA coin price prediction places it at $10USD as predicted by smartereum.com using the coin’s development team, technological improvement, etc. as basis.
The Daedalus, its own secured wallet, is currently being improved to make integration through APIs to third parties much simpler.
Cardano’s team aims to match or exceed the transaction capability of Visa, by achieving “tens of thousands” in transactions per second.