Cardano (ADA)

Developers position Cardano as the “third generation blockchain." The main goal of the platform is to implement all the best features of Litecoin, bitcoin and ethereum into one cryptocurrency; complementing the resulting mixture with a number of additional innovative technologies. Security and reliability are higher than Bitcoin, p2p transactions are faster and cheaper than Litecoin, and smart contracts are better implemented than Ethereum. The result is a multi-level, decentralized and flexible system. The Cardano platform is powered by the ADA coin. Security. Cardano's cryptocurrency is created in a highly secure programming language called Haskell, which is considered the most secure software language, reducing the risk of critical errors and DDoS attacks. Robust ecosystem

Cardano uses the innovative Proof of Stake algorithm called Ouroboros, which is the first truly secure method for users, as confirmed by scientific research. Legal support. Unlike many cryptocurrencies that offer anonymity and sacrifice their reputation (money laundering charges), the Cardano team has very well established relations with governments and regulatory authorities (especially in Japan), which until recently had condemned the idea of ​​cryptocurrencies. Official daedalus wallet. It has a Staking mechanism, with the help of which it is possible to earn money on the storage of ADA. Finite supply. Cardano team has limited the maximum number of ADA coins at around 45 billion. Analysts are generally optimistic about the prospects for the Cardano project (ADA). Cryptocurrency growth is forecasted due to the following factors:

- Continuous work to improve the project. - A serious approach to development, attracting the best scientists and businessmen to the project. - Stable flow of investors. - Plans to achieve full decentralization of the system. - The attractiveness of using innovative technological solutions in the project. - Cardano is an ambitious project that tackled many important issues of the crypto industry. - It is nice to see a development team that pays great attention to code verification and security measures.

The Cardano ICO for ADA ended with $62’200’00 in January 2017. 90% of the buyers are of Japanese origin as it was massively more marketed in these regions. [1]

3.5

The team is steadily working on tasks to develop the platform, wallets and concepts that might be implemented in the future. The GitHub repository (where the code is stored and updated) has a few thousand commits (updates), but many of them changed only one to 3 lines of code, which should be considered. The whole codebase is written with the programming language Haskell which is considered outdated. [1]

4.0

Cardano aims to mix the best functions of other cryptocurrencies. Its goal is to create a platform where developers can work on their decentralized applications (DApps) and to allow interoperability between other cryptocurrencies on their own chain. [1]

4.0

The underlying technical aspects to form the Cardano platform were peer reviewed and scientifically approved, but there’s no finished product yet that supports the developed versions of the techniques. The current platform is centralized and being controlled by the IOHK company. [1] [2]

1.7

The Cardano foundation and Charles Hoskinson started developing Cardano in 2015. Charles Hoskinson was a co-founder of Ethereum and jumped ship when he wanted to create an own cryptocurrency with another technical approach. He praises the research-first method. [1]

3.7

It’s currently a gamble to bet on the success of Cardano. Cardano might manage to develop a fully functional platform that solves problems that other Smart Contract platforms have. Cardano would gain momentum if that happens, but it’s likely that other platforms stay ahead as they are still improving too. The success of Cardano is higher in regions where it has already been marketed before, east Asian countries.

3.5

The Cardano team researches the KMZ Sidechain Protocol for greater scalability and Quantum Resistant Signatures to prevent attacks that could happen when quantum computers are available. [1]

4.5

Developers are eager to switch to better systems. If Cardano finishes its project in time and implements revolutionary functions it would make other DApp platforms obsolete. In the best case, Cardano would be used as the main platform to develop decentralized applications.

5.0

Ethereum is the biggest competitor in the Smart Contract sphere. Cardano tries to develop a better scalable technology with additional features, but there are considerable network effects and Ethereum is ahead.

2.5

Cardano partnered with Metaps and launched a cryptocurrency prepaid card that’s been released in South Korea at the end of December. The card can be bought at 33’000 retail Korean merchants. [1]

3.7

The Cardano (ADA) community is big. Many people believe in the vision and the capability of the founder Charles Hoskinson, but there are not many community driven projects as the main project, a decentralized platform has not been built yet.

3.4

Charles Hoskinson claims that there are over 50 developers that are working full time. [1]

3.5