Cardano digital coin Cardano differentiates itself by being designed from the ‘ground up’ to deliver a secure and sustainable blockchain that can protect user privacy whilst allowing for regulation. Cardano aims to be a mature blockchain that is ready for large scale applications.
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Cardano is the first protocol to incorporate Ouroboros, the ground breaking proof of stake algorithm. The IOHK team employed a “first-principles” approach, driven by peer-reviewed academic research to build Cardano from the ground up.
This uniquely collaborative effort steadily constructed the most precisely engineered cryptocurrency yet, a product that brings together such disciplines as distributed systems, mechanism design and cryptography. The result is the first cryptocurrency to be based in Haskell code, an industrial strength product that delivers the resilience necessary for mission-critical systems, in this case, securing investment.
Cardano’s multi-layer protocol performs advanced functions, and has at its foundation a settlement layer that is elegantly linked to a control layer. The settlement layer will have a unit of account, while the control layer will run smart contracts and will be programmed to recognise identity, assisting compliance (and allowing blacklisting, for instance).
Comparing Cardano to other Alt Coins
There are multiple top performing cryptocurrencies on Wordlcoindex.com, and Cardano Ada may have an advantage when it comes to the future. The predictions of the coin before the new year, was to grow to $2.5 before the 2018 runs out. That will be more than 200% gain in less than 7 months. Yes, there are some risks to consider the volatile nature of the Cardano coin (all coins basically have risks), there are strong indications the coin will soon rebound back and follow the track it was predicted to go.
FYI, Cardano Ada isn’t a blue chip crypto currency, so there is volatility as a result of volume changes. This is a high-risk investment and those who finally reap the benefits usually stay unperturbed until the stages of fluctuations are over.
Finally, the developers of the Cardano (ADA) coin are routinely working to optimize the coin’s performance.