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Cardano: Get Ready for ADA SURGE in 2021! ūüĆä

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Written by   83
1 year ago

If u guys have been in the cryptocurrency market for some time u would come up with the term Ethereum killer. To be frank most of the coin that launched as an Ethereum killer or either not a threat to Ethereum or a just a showoff. But Cardano is not one of the showoff project let us see why?

Disclaimer: I am not your financial adviser and all information available below are for purely educational purposes. Please verify all of the Information before using it and don't make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

What is cardano?

Cardano is the world's first peer-reviewed blockchain. The nonprofit foundation responsible for Cardano assembled a network of academics and scientists from various universities, including the University of Edinburgh and Tokyo Institute of Technology, to review its protocols before they are released. It is a third-generation cryptocurrency and smart contract platform that claims to improve upon the scaling problems of bitcoin, a first-generation coin, and ethereum, which belongs to the second- generation.

Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. Cardano works on proof of stake mechanism. if u wanna know in detail about proof of stake vs proof of work visit here.

Recent News about Cardano

At the end of july, Cardano successfully went throught its shelly hardfork update. Shelly is the second stage of Cardano development roadmap. Shelly it still technically in process. Cardano roadmap often overlays one another. Shelly upgrade introduces decentralization in cardano by enabling ADA staking.

At the end of august Cardano's parent company IOHK joins partnership with Emurgo (cardano's enterprise arm) to develop an algorithmic stable coin to rival maker Dao dai stablecoin.

In oct, Cardano released the roadmap for GOGUEN, its third development stage for cardano which also displayed a seemingly easy ERC20 convertor as the name suggest it allows any ERC20 token to convert its blockchain from Ethereum blockchain into Cardano blockchain.

Cardano is the most scalable cryptocurrency blockchain rite now that the Cardano founder Charles Hoskinson asked donald trump to build a blockchain voting platform to enable a transparent voting.

What to expect next on development of cardano?

As mentioned earlier, goguen is the next stage of development in cardano's development road map. Goguen will introduce the smart contracts to the cardano blockchain making it a direct competitor to Ethereum.

Unlike shelly upgrade which took 5 yrs to finish, goguen is expected to finish in 3 month within next yr of feb. I know its hard to believe given cardano's infamous history of delays but as i already mentioned Cardano's roadmap overlap's with one another so all the basic and essential things are already laid out for goguen development most likely it is need to be tested in the test net and launch in the main net.

The release of Goguen not only introduces smart contracts but with it cardano introduces multi currency register which enables others to create tokens and NFT's in cardano's blockchain. Which is a very direct threat to Ethereum.

What's so bullish about Cardano?

  • As I already mentioned above, cardano has all the technical specs needed to dethrone Ethereum.

  • Cardano's most of the core team have been worked with Ethereum already.

  • Cardano's founder Charles Hoskinson is also the co founder of Ethereum. Which makes him a very threat to Ethereum as he is in another project.

  • Currently cardano has the highest scalabilty and fastest transaction and less fees when comapared to Ethereum.

  • Cardano is always been in the news with the well matured marketing team

  • Most importantly Ada is a top 10 cryptocurrency that alone put ADA in to any new comers in to the crypto space.

  • Almost 60% of Currently supply of ADA token has already been staked into its proof of stake mechanism.

How high it can go?

The sad truth is, how good cardano may be how high it can go is heavily correlated with bitcoin same as other altcoins. If bitcoin goes up altcoin follows if btc goes down it follows. Current estimate suggest that ADA could reach $3 in this bull market.

I hope this article is helpful to u, I would like to hear your thoughts on this. If u have any doubt about investing or if u want my thoughts about a particular project pls comment down below.

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Comments

Translates in africaans.ūüĎáūüĎáūüĎá

As u al 'n geruime tyd in die kripto-geldeenheidsmark is, sal u die term Ethereum-moordenaar bedink. Om eerlik te wees, is die meeste van die muntstukke wat as 'n Ethereum-moordenaar van stapel gestuur is of as geen bedreiging nie ?

Disclaimer: Ek is nie u finansi√ęle adviseur nie en alle inligting hieronder is slegs vir opvoedkundige doeleindes. Verifieer al die inligting voordat u dit gebruik en maak geen belegging nie

Cardano is die wêreld se eerste eweknie-beoordeelde blockchain. Die nie-winsgewende stigting verantwoordelik vir Cardano het 'n netwerk van akademici en wetenskaplikes van verskillende universiteite, waaronder die Univers, saamgestel Cardano is die wêreld se eerste eweknie-beoordeelde blockchain. Die nie-winsgewende stigting verantwoordelik vir Cardano het 'n netwerk van akademici en wetenskaplikes van verskillende universiteite, waaronder die Univerl, saamgestel

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1 year ago

great article. ADA is interesting.

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1 year ago

tq

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1 year ago