Escuche esta historia
--:--
6:20
Cardano (ADA) cryptocurrency with future projection
One of the most relevant currencies in the crypto world
Cardano is similar to the Ethereum platform and may be the future for many reasons, this blockchain network does not stop and continues to stand out as one of the best, due to its great technology and acceptance in the community.
Many experts say that Cardano could emulate superior cryptocurrencies with its smart contracts and Defi applications, offering multiple solutions to the crypto world.
Cardano stands out for being a network formed by a multidisciplinary team.
One aspect that it stands out mainly is its sustainability, it does not need computers that require a lot of electricity to carry out transactions and generate new units.
Cardano promises for the long term and is one of the most popular cryptocurrencies today.
Cardano's initiative has always been to revolutionize the market and the protocols, cardano is a network that is made up of a great team of experts who deliver on what was promised. It is arguably the best performing cryptocurrency, inclusive of the 2 most powerful (bitcoin and Ethereum).
Cardano is a very intelligent network that in its years of history was in charge of looking for the weaknesses of the other cryptocurrencies and turning them into its greatest strength.
When and who created Cardano?
Cardano originates from a scientific philosophy created in 2015 by Charles Hoskinson together with a group of programmers.
Charles Hoskinson was one of the founders of Ethereum, but his plans were very different from most other members, Hoskinson wanted the foundation to be a for-profit company of which he would be the CEO.
That was due to various difficulties between the members themselves, some legal issues and a struggle of pride and egos, this term leaving Ethereum to create its own platform.
Thus was born Cardano, which refers to the Italian Girolamo Cardano, one of the most important scientists of the Renaissance, responsible for many fundamental discoveries.
Cardano's internal coin is called ADA in honor of one of the first female programmers in history (Ada Lovelace).
It is important not to confuse both concepts. Cardano is a blockchain platform for smart contracts or at least get to do it and ADA is its cryptocurrency.
So, when you invest in Cardano, you are actually only acquiring its cryptocurrency, something similar as it happens with Ethereum and its ether currency.
Who endorses cardano?
Given that the Cardano blockchain is still under development, it stands to reason that financial institutions are currently looking at whether Cardano will be the regulatory solution they seek.
However, the project aims to ensure compliance with local regulations, it may be necessary to involve state and national governments to make the intended use feasible.
This may be another reason why banks and financial institutions have not yet decided to participate.
Still, Cardano is supported by world-class engineers and experts in the field, who have embraced a scientific vision to build the blockchain and its ecosystem. For this reason, it has the potential to attract future investors.
Cardano is arguably one of the most exciting new technologies in the crypto field, proposing creative solutions beyond the limits of Bitcoin and Ethereum.
There is a wide community that supports it and the market supports it too, with the typical ups and downs of cryptocurrencies.
Once it is fully developed it will take over the market, and perhaps cover more ground than Ethereum and in the end it will be seen who will have the best position.
Most relevant Cardano news of 2021
Cardano founder Charles Hoskinson revealed that he is willing to fix most of the problems he had and has Ethereum through Cardano.
By implementing part of the Ethereum ecosystem on the Cardano blockchain, Charles highlights how Cardano can achieve a market capitalization of over a trillion dollars.
Since, in Cardano, protocols that can easily be scalable to millions of users will be able to be obtained, which will allow to achieve this market capitalization within 5 to 15 years.
Cardano wants to join decentralized finance. Decentralized finance has not only been a great novelty in recent years, but they are aiming to be the future of cryptocurrencies.
Currently, they are working on the algorithm to launch a stablecoin which could turn out to be better than the markerdao.
Charles also suggested that cardano could bring, who allows voting safely in future elections through its blockchain and that also, they have been working for some time to create an infrastructure to do so.
Another noteworthy news is that Charles says that Cardano will be, compared to the other cryptos, the most decentralized, once all updates have been implemented in the protocol. It would be 50 to 100 times better than bitcoin.
Cardano projections for 2022
Strengthening the pillars of smart contracts: The three main pillars of smart contracts and their corresponding platforms are decentralization, scalability and security.
Cardano is in a very good position in all three areas, however platforms like Solana and Avalanche have come a long way in terms of scalability and offer very fast transactions.
Improve scalability
Considering that Cardano provides optimal scalability for decentralized applications. The Cardano Foundation has been repeatedly criticized for its blockchain research, being too academic and recently lagging behind in terms of competitiveness.
Networks should not lose touch especially in the area of scalability.
Even if the blockchain has the highest level of technology overall, competitors can outperform the market network with significantly higher scalability.
Establish governance parameters
Establishing a governance function is also a development step that Cardano is fully committed to.
According to Cardano boss Charles Hoskinson, the platform is committed to building governance that ensures the participation of hundreds of companies.
Using the governance model, token holders should have the opportunity to participate democratically in the future development of the platform.
The tool used is the "Cardano Upgrade Tip" that token holders can vote for.
