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What is cryptocurrency Cardano (ADA)

Cardano (ADA) is a decentralized platform using smart contracts, which has its own ADA coin. But, Cardano is more than just cryptocurrency, it’s a whole technology platform that will be able to run financial applications that are currently being used by people every day. The platform has a structure that allows it to have a flexible structure and make platform improvements, by holding soft forks.

Cardano is the first blockchain project to be developed on the basis of scientific philosophy studies conducted by representatives of three universities: the University of Edinburgh, the University of Athens and the University of Connecticut.

History of Cardano Project creation

One of the creators of the project Cardano is Charles Hoskinz, who was among the developers of Ethereum, but left it even before the launch of the network. After that, in 2014, he created the company Iohk together with a partner Jeremy Wood.

A group of Japanese investors decided to create their own blockchain project with their cryptocurrency and the ability to apply smart contracts. To achieve this goal, they hired the company IOHK, which contracted until 2020.

After the formation of the overall objectives of the project, the creators launched the ICO, which took place from 2015 to January 2017. With the help of ICO, the project Cardano collected 62 million dollars. Now, the capitalization of the Cardano project is 645 million dollars.

Features of the Cardano (ADA) platform

The Cardano platform has several distinctive features from other cryptocurrencies.

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Protection method – Proof of Stake;

Algorithm – Ouroboros;

Trade name – ADA;

Capitalization – $645 000 000;

The cost of the coin – $0.024856;

The maximum emission is 45 000 000 000 ADA.

The features of the Cardano platform can also be attributed to the algorithm of its improvement, by holding soft forks. Such an opportunity in existing blockchain projects is very rare, and Cardano has it.

Course Cardano (ADA). Where to buy cryptocurrency Cardano (ADA).

Now, the course cryptocurrency Cardano (ADA) equals $0.024856 at a maximum of $0.037657 in mid-October 2017. Buy cryptocurrency Cardano (ADA) can be on the exchange Bittrex, there is 99% of bidding on Ada. How to register on the stock exchange Bittrex and buy ADA and other cryptocurrency, read here.

The ADA coin supports the Daedalus Wallet, which you can download by clicking on the daedaluswallet.io link. The installation of the wallet is very simple, so we decided not to describe it.

Cryptocurrency Cardano (ADA). Forecast. Reviews.

In itself, the project Cardano is very perspective, and so far has not shown itself. So that now, when the cost of ADA is equal to 2 cents, it is time to buy these coins, which next year can give about 1000% of profits.

As for the reviews of the project Cardano, they are only positive. However, we can only wait for the moment when Cardano really starts to apply its ideas.

Conclusion

Here we have finished another review of the beginner in the cryptocurrencies market, which is included in the top 20 by capitalizing. If you want to be aware of the latest news about cryptocurrencies, subscribe to our blog. A special form for subscription is located in the sidebar site.

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