Cardano is a relatively new blockchain platform designed by Input Output Hong Kong. According to the latest predictions, this crypto project will overtake the popular Ethereum blockchain over time due to its improved technology. The Cardano system is focused on smart contracts, sidechains, decentralized applications, and multi-party computation.
Coins and tokens
Cardano’s coin ADA is rated among the TOP 10 cryptocurrencies by market capitalization, right behind Ethereum, Bitcoin, and Binance Coin. The ADA coin is a cryptocurrency that can be put into a wallet and converted into a mining token. Besides, users receive a reward for staking ADA.
To choose the most appropriate cryptocurrency wallet, analyze their convenience and reliability. One of the most profitable ADA wallets is Guarda, which has many useful features for working with digital money. This multicurrency wallet is suitable for all crypto platforms.
Why does the whole world know about Cardano?
The Cardano platform supports smart contracts, as Ethereum does. For this reason, many believe that this cryptocurrency will outperform Ethereum due to its high-speed technology and lack of fees. But Cardano’s dependence on electricity sources remains one of the downsides that make it difficult to develop in Third World countries.
However, Ethereum founder Charles Hoskinson, who also develops Cardano, is confident that access to transparent banking will help billions of people in the world’s poorest regions improve their standard of living.
Recently, Cardano has carried out a major registry update called Mary. Now, it can not only store ADA on the blockchain but also allows you to create multiple tokens and exchange them. The value of ADA has increased by 16%, while the increase over the past year has amounted to 3,557%. This is an impressive figure for a young cryptocurrency. The market capitalization of more than $55 million provides strong liquidity, and investors’ interest in the coin is still growing.
