Cardano is one of the most promising cryptocurrencies in 2018. Cardano’s Price has increased by over 200% since the start of January, and Cardano ADA coins are now worth $1.14 each. Cardano offers a unique approach to solving problems that other cryptocurrencies struggle with: scalability and interoperability.
Cardano’s scalable Ouroboros proof-of-stake algorithm provides 25 transactions per second while retaining decentralization, unlike Bitcoin Cash (BCH) which requires an expensive mining process for just 7 transactions per second. Cardano also solves blockchain congestion through side chains or child chains like Cardano which can operate independently without impacting the main chain, unlike Ethereum’s single blockchain for all smart contracts to run on top of it.
Cardano is also working on cross-chain interoperability with Bitcoin and Ethereum through the Cardano project.
Cardano will be an open-source and decentralized side chain for Ethereum that works on Bitcoin blockchains too. Cardano plans to launch the Cardanomainnet in late 2019, with a test net coming out by QZERO 2020.
Cardano is currently trading at $0.07 which is well below its all-time high of $38. Cardano has the potential to increase in value since Cardano will allow it to scale and offer a robust smart contract platform for developers while being decentralized too so there’s no single point of failure: Cardano should be able to handle millions of transactions per second with manageable fees once launched next year.
Cardano coin can also potentially compete against Ethereum as an enterprise blockchain solution, where scalability isn’t such a pressing issue because enterprises don’t need cryptocurrency or secure decentralization like Bitcoin does (they just want speed). Cardano offers both these features, making it more attractive than any other competitor out there today.
Lastly, Cardano is going to offer Cardano users a choice between two modes of transaction verification: one that’s quick but doesn’t verify transactions and one that will be slower, but ensures all the user’s Cardano are valid.
Cardano’s roadmap is full of ambitious goals and this coin could do well in the coming years. They have many projects underway at once and are determined to keep up their progress regardless of what happens in the market; they don’t want fluctuations affecting them too much so the Cardano coins token has been designed with a lot more stability than most other cryptocurrencies- but this doesn’t mean that it won’t grow over time.
Cardano is aiming for a $20 Cardano’s token by 2020, which could be achieved easily with how the markets are going. But Cardano’s roadmap doesn’t stop there- they have plans to take Cardano coin into space and explore ways of using it in smart cities- this would make Cardano coins capabilities immeasurable.
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