contours of a complex cryptocurrency

Cardano is an open-source blockchain platform founded in 2017 by entrepreneur Chales Hoskinson with the goal of creating an environment that supports applications for financial services for the benefit of individuals, businesses and governments around the world. Cardano can be used to send and receive cryptocurrency, the platform offers instant, fast transfer services and under high security conditions.

The Cardano environment is developed in layers and therefore allows the team of engineers and developers to easily update and maintain it thanks to the Soft Fork. The token issued by the Cardano blockchain is called ADA.

Cardano: in what vision was it invented?

Cardano was developed by a team of experienced engineers and IT experts, the platform is the only blockchain project that takes a scientific approach to the developing its solutions. The goal that Cardano pursues is to offer a robust, secure and scalable blockchain technology that can guarantee the reliable use of financial applications that can support millions of users every day. This explains the orientation of the project team to opt for the same approach as banks and traditional financial systems.

In the long term, Cardano’s vision is to reconcile user needs and regulatory requirements while providing a transparent financial interaction environment. This type of cryptocurrency with a regulatory framework can provide free and inclusive financial services to the benefit of millions of people around the world. On the one hand, the underlying network would guarantee the need for regulatory efficiency, on the other hand, the blockchain token – ADA – will ensure efficient money transfers with particularly cheap conditions and speed, send and receive.

Some information about Cardano

  • Blockchain Name: Cardano
  • Issued Token Name: ADA
  • Launch date: 2017
  • Where to buy: At exchanges (e.g. Kucoin)

Is Cardano comparable to real money?

although Cardano offers its users fast transactions at low cost, the development of the smart contract layer is not yet completed. That being said; Cardano cannot be considered, at least not in the present day, as a currency that can be used on a daily basis for the purchase of goods and services. All the more it should be remembered that Cardano does not aim to replace any other currency. Plutôt, elle cherche à établir un réseau de services financiers, basé sur des contrats intelligents, qui offre aux États un moyen d’assurer le respect des règles tout en fournissant aux organizations et aux prives un service fiable et pratique silver.

“The Cardano project is based on a scientific orientation to problem solving, an approach involving computer technology engineers and experts in financial services and markets. While the work that needs to be done to realize ADA’s full potential is still quite long and difficult, Cardano doesn’t have the same problems as the rest of the blockchains. tells us a Kucoin expert.

ADA is the first cryptocurrency adopt a scientific approach in its development. This approach gives it great potential for success compared to other platforms. However, since Cardano is still in development, it would be too early to completely rule out the strengths and experience of some other blockchains.

The prices of cryptocurrencies, including ADA/BTC, Ether and others, are always moving in a trend that is difficult to predict in advance. Therefore, to make such an investment, it would always be wise to try to invest only what we can afford to lose.

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