Cardano - Image Courtesy of Cardano

Cardano

(ADA)
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers
CURRENT VALUATION
1948 mln
THE HIGHEST VALUATION
28554 mln
CURRENT YEARLY RETURN
4.8%

Interesting Facts

  • 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.

Project in a nutshell

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.

MyCointinaer will soon be opening doors to stake Cardano (ADA).

Which exchanges is this coin listed on?

CONTENT BELOW SUITED FOR MORE ADVANCED USERS

More in-depth review of the project

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.

Future plans

  • 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.