What is Cardano (ADA)?
Cardano is a smart contract platform, similar to Ethereum; it focuses on security through a layered architecture. It is the first blockchain project created from scientific philosophy and built on peer-reviewed academic research. Cardano is one of the first coins to use a Proof of Stake (PoS) blockchain technology built using the Haskell programming language. The goal of the Cardano is that to use blockchain technology to bring banking systems to places where they have previously been too costly to execute.
Cardano (ADA): History
Cardano was established by one of the co-founders of Ethereum, Charles Hoskinson. As Hoskinson’s vision deviated from the Ethereum core, he partnered with the Cardano Foundation, whose function is to standardize, protect and promote Cardano Protocol technology. Hoskinson then began IOHK – a company whose mission is to further engineering and technology’s uses of peer-to-peer innovations and review.
Cardano was launched on September 29th, 2017 by technology company IOHK, and is one of the first coins to have a blockchain built using the Haskell programming language. The Cardano team consists of over 30 individuals and is one of the more pre-planned and thought-intensive cryptocurrencies to be released to date.
How Does Cardano (ADA) Work?
By making use of the relatively newly-developed Haskell programming language, the Ouroborous blockchain plans to make alterations upon classical PoS blockchain architectures. Haskell itself uses a “lazy evaluation” programming strategy and is a “purely functional” computing language, meaning it is simpler to program and less prone to bugs because programmed commands do not overlap or interfere with one other. Cardano is being developed into layers that separate the ledger of account values from the reason why values are moved from one account to the other. This separation allows the smart contracts that are written on the platform to be more flexible.
How to Buy Cardano (ADA)?
First, you need to create a Cardano (ADA) wallet to store your coins safe. Then set up a password for the wallet so that nobody can access your coins. If you forget your password, then you lose the access to your coins. You can use Daedalus wallet to store your coins. Then buy Ethereum by using by using Coinbase. Then trade it for Cardano.
Cardano (ADA) Price Prediction 2018
ADA can be a profitable investment option. Cardano price equal to 0.297 USD at 2018-02-06. If you buy Cardano for 100 dollars today, you will get a total of 336.146 ADA. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-04 is 17.941 US Dollars. With a 5-year investment, the revenue is expected to be around +5930.73%. Your current $100 investment may be up to $6030.73 in 2022. Cardano (ADA) price today is $0.300185 and have the current supply of 25,927,070,538 ADA. The market cap value is $7,782,917,669, and the volume is marked as $679,872,000. Cardano (ADA) price today, Cardano (ADA) where to buy, Cardano (ADA) price chart, Cardano (ADA) history, Cardano (ADA) market cap, Cardano (ADA) exchanges, Cardano (ADA) mining, Cardano (ADA) mining software.