Cardano Cryptocurrency 2018 Review – Should You Invest in Cardano? Cardano (ADA) is a decentralized, open-source blockchain project from InputOutput HongKong (IOHK). It was launched on 29 Sept 2017. They are developing smart contracts that take cryptocurrency to a whole new level. According to them, Cardano belongs to the 3rd generation of cryptocurrency which solves the problem with Bitcoin and Ethereum.
The main principle of Cardano is to be a decentralized network. Its digital currency is called Ada and was launched in December 2017 by Cardano Foundation.
The platform has strong security, it’s flexible and scalable for any transaction anywhere in the world. The creator assures us that behind the platform there are the greatest engineers from all over the globe.
Cardano (ADA) has gone through rigorous peer reviews, getting nods all along the way. In a recent cryptocurrency conference, Crypto 2017, the development team presented their idea and got acceptance. This is the reason the launch of the cryptocurrency took so long even though actual development started back in 2015. As Hoskinson said, Cardano (ADA) would be a rigorous and systematic process, which probably means it shall take several years.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
To keep your money safe, you must have a specific wallet. This is a software app you need to install on your computer or mobile device. The Cardano platform has designed its own wallet software, called Daedalus. Strong security is guaranteed due to the platform’s cryptography protection. Unfortunately, today, the wallet is available only for Ada currency, but in the future, the creators want to make it free also for Bitcoin and Ethereum cryptocurrencies.
Cardano team is trying to build a third generation of cryptocurrency. They are trying to streamline the whole cryptocurrency ecosystem to work together. Intra-trading can be the future, and they are working towards it. Their philosophy is unique, and they are trying to solve it academically.
