The Cardano Coin is only recently (2.10.2017) on relevant exchanges such. Bittrex.com tradable and yet the coin slips directly into the top 20 of the cryptos with the largest market capitalization (to be exact on rank 14 as of 20.10.2017). But what happens to the coin when the initial hype subsides and what really matters comes to the fore: the technology that Cardano brings with it. A detailed analysis should bring light into the darkness in this article.
What is Cardano?
Currently, the market capitalization of Cardano is approximately $ 700 million at a current Cardano price of just under € 0.025 per coin (currently slightly rising trend as of 20.10.2017).
Cardano is a blockchain technology designed to build a new decentralized economy and democratize financial markets in emerging markets. Cardano enables cost-effective, secure and scalable creation and execution of distributed applications and contracts.
However, the Cardano project is expected to set itself apart from many others in the industry: it is open to the need for regulatory oversight, while maintaining privacy and consumer protection through an innovative software architecture.
The protocol features a layered blockchain software stack that is flexible, scalable, and developed to the industry's most rigorous academic and commercial software standards. Cardano will use a democratic governance system that evolves the project over time and is sustainably funded by a visionary treasury system.
The Cardano project was initiated in late 2014 by a group of crypto currency enthusiasts, investors and entrepreneurs in Asia. Input Output HK (IOHK) was involved in the development and implementation of Cardano. In addition, the Cardano Foundation, based in Switzerland, was established to oversee and oversee the development of Cardano and its ecosystem and to act on behalf of the users of the Protocol. Another unit, Emurgo, based in the Isle of Man, was founded to pursue profit-making activities on behalf of the ecosystem and the community. The three units are completely separate in ownership and management.
How does the Cardano project work?
Founded in 2015 by Charles Hoskinson and Jeremy Wood, IOHK is a technology and technology company that uses peer-to-peer innovation to connect three billion people worldwide who have no access to accounts and other financial services.
The IOHK team used a "first principles" approach, driven by peer-reviewed academic research to build Cardano. The result is the first cryptocurrency based on the Haskell Code, an industrial grade product that provides the resilience required for mission-critical systems, ensuring that all transactions are secure. The protocol is designed to protect the privacy of users and also takes into account the needs of regulators.
Cardano is thus the first protocol to balance these requirements in a nuanced and effective way and to adopt a new approach to cryptocurrencies. The system is designed to be constantly upgraded and adapted to adapt to changing needs and to evolve quickly when needed. A treasury system is also installed to ensure the sustainability of the protocol.
Users of the Cardano network will also soon be able to run decentralized applications on the Cardano blockchain and thus use the full functionality of the project. In 2019, IOHK plans to work on the long-term scalability of Cardano and expand its capabilities. As a developer, IOHK has been mandated by 2020 to ensure that Cardano is adequately maintained.
Is an investment worthwhile? Buy Cardano Wallet and Cardano
If you are interested in investing this coin, then check out our step by step guide to buying Cardana (ADA). Here we explain to you on which stock exchanges you can already buy ADA and how you can quickly and safely have ADA in your wallet.
If you do not want to keep your ADA on a Webwallet, but store it on a desktop walle on your PC, then check out our Cardano Wallet Video (tutorial) or tutorial. We'll explain quickly and easily how to download, install and use the Wallet within 3 minutes.
Conclusion to the Cardano project
The project / development team is made up of a number of well-known names in the blockchain and fi eld industry. If the promises can be met and the roadmap initiates further steps in the near future, this Coin can make its way into the crypt world.
At the moment, of course, there is a small initial hype that will abate after some time. Nevertheless, the price is currently relatively low so it might be worth considering investing in the ADA tokens. The current trend looks very positive (as of 20.10.2017), but it remains to be seen how the project will develop over the next few days and weeks.
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