Cardano (ADA) cryptocurrency
The Cardano cryptocurrency project, which is an open-source blockchain platform that uses smart contacts, has become one of the newest discoveries in the virtual coin system. Launched at the end of September 2017, the project is being developed by a team of experienced engineers and researchers from around the world. The main developer of Cardano was former leading Ethereum specialist Charles Hoskinson. There are three parties interested in the development of the project:
- Cardano Fundation - a supervisory and educational body;
- IOHK - an organization engaged in technological development and development
of the project; - Emurgo – manages the commercial activities of the site, development and
development of applications.
The main goal of the project creators is to develop a decentralized system that can independently finance and support itself.
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Official website - www.cardano.org
Description of Cardano
Cardano is written in highly secure Haskell programming language and is based on scientific philosophy and research. During its development, a lot of scientific research was taken into account, which made it possible to apply the best developments in the field of cryptography and blockchain.
Cardano (ADA) cryptocurrency is classified as a third generation of tokens. Here we tried to get rid of all current problems. However, the development of the platform to an ideal state continues. It is planned that the system will allow transactions to be carried out in an inexpensive, secure and scalable way.
Cardano uses the Ouroboros algorithm, which works on the PoS principle. According to the creators, in terms of security it is in no way inferior to the Bitcoin blockchain.
Cardano (ADA) cryptocurrency has a multi-level governance mechanism. The first level is responsible for smart contracts, the second – for tokens called ADA.
Where to buy Cardano (ADA) cryptocurrency?
Today, the American exchange Bittrex and the Chinese exchange offer to buy ADA cryptocurrencyBinance and Korean UPbit. In the near future, it is planned to include Bitt and Cryptopia in the lists of exchanges working with Cardano (ADA).
Where to store the Cardano cryptocurrency (ADA)
A personal wallet has been created to store coins Daedalus Wallet , which, in addition to standard functions, allows you to encrypt private keys, track ongoing transactions and export wallets to paper certificates.
Cardano's prospects
Having reviewed the Cardano (ADA) cryptocurrency, we can say that the project is at an intermediate stage of development, since the launch of a finished beta version of the product is planned for 2018. After this, the developers plan to work on long-term scalability of the site.
The prospects for the Cardano (ADA) cryptocurrency, according to analysts, are very high. The project is a reliable blockchain platform. As of early February 2018, the cost per ADA token reached $0.52. It is expected that its price will rise.
