The Cardano project started in 2015, The company behind its development is called Input-Output Hong Kong (IOHK), which is managed by the co-founder of both BitShares and Ethereum, Charles Hoskinson, Charles Hoskinson believes that Cardano is a third generation blockchain, whilst Bitcoin and Ethereum are first and second.
Cardano coin blockchain
The concept of Cardano is to create a blockchain that can perform much better than older blockchains like Ethereum, so, it can process more transactions, cheaper transactions, and faster transactions, The Cardano coin is still in its early days of development, and although on paper the project looks fantastic, we have to wait sometime before it is completely finished.
So, now that you know how transactions are confirmed and validated, the next part of this what is Cardano review is going to look at how the Cardano platform performs! The market cap of the coin will increase to about $40 billion by December of 2018.
There are so many different blockchains in the market, and it is important to understand what makes each of them unique, One of the most important things to consider when deciding how well a project can perform is its scalability.
The founder has already been a huge part of successful projects, such as BitShares and Ethereum, Among the main pros are the fact that Cardano considered to be more reliable than other crypto platforms, We know how important it is that the code is all right and that there are no weaknesses and bugs, Cardano is proud to be the first platform to use open source code.
Cardano is developing with significant progress regardless of the market situation and has already signed a deal in May 2018 with the Ethiopian government to improve the coffee industry, Using the Cardano blockchain, consumers will be able to track down & scan a QR code, which will provide complete information about the production process & farming.
Another drawback to Cardano is that not so many features are available yet, The other serious disadvantage undermining Cardano is that it is still an unproven platform that has not been tested in full, unlike Ethereum and Bitcoin, A disadvantage of this is that implemented blockchain features are very difficult to reverse and token holders are not necessarily experts with regard to the blockchain.
Cardano is a technology platform of the ADA cryptocurrency used to send & receive funds that are secured through cryptographic channels, but there are big claims from the developers, facts & information about Cardano are few, Like most blockchain projects seeking to establish their place under the crypto soon & head to the proverbial moon, It provides its users with greater benefits & opportunities compared to other, similar platforms.
The ADA is a cryptocurrency based on the Ouroborous patented blockchain technology created by IOHK, Ouroborous is said to be the only PoS protocol with mathematically proven security, Cardano ADA is a blockchain platform based on smart contracts, It is a pre-mined coin, which does not use the all too popular Proof of Work (PoW) consensus algorithm, so, it can only be staked on exchanges.
EOS refers to as a decentralized, blockchain-based technology that was designed to host & support decentralized applications (dApps) on a commercial scale, EOS is open-source software that was built on the Ethereum blockchain by the Block.one Company registered in the Cayman Islands.
Source: ADA Coin, Cardano coin blockchain, wallets, features, price, nodes ...
ADA cryptocurrency advantages, disadvantages & Who Founded Card...
Cardano (ADA) review, features, price, ADA Coin Transactions & ...
NEO vs EOS, EOS review, features, advantages & disadvantages
Neo Blockchain Platform cons, pros & What’s NEO’s dBFT Algorithm?
What is NEO?, Neo cryptocurrency review, features, advantages &...
How Monero differs from Bitcoin, Monero (XMR) review, uses, pros &a...
What is Monero?, Monero (XMR) review, history, advantages & dis...
Litecoin vs bitcoin, How Litecoin mining works, Litecoin price, use...
Litecoin (LTC) review, advantages, disadvantages & How to creat...
How does Ripple work?, Ripple (XRP) review, uses, cons & pros
The properties of the noble (inert) gases
What are the types of the covalent bond?
The joints and their significance to the movement
What is the ionic bond? & the characteristics of the ionic compounds
The importance and structure of the appendicular skeleton
The law of the wave propagation
The importance and structure of the skeletal system in the human body
What is the difference between the transverse waves and the longitudinal waves
The transpiration process and the transmission of juice from the root to the other parts of the plant
The ways of maintaining the human nervous system
The importance of the root hair in absorption of the water and mineral salts
How does the reflex action occur in the human body?
The force and some technological applications depend on their motion on the effect of force
The structure and function of the peripheral nervous system
The function and structure of the root system in the plant
The function of the spinal cord in the central nervous system
The static electricity and the current (dynamic) electricity
The structure and function of the brain in the central nervous system
How does the plant make its own food by the photosynthesis process?
The structure and importance of the nervous system
The economic importance of some unicellular organisms
The reasons of some dangers of the electricity
The structure of the animal cell
The structure of the plant cell
The cell is the basic unit of structure of living organisms
How can you keep the respiratory system healthy?
The mechanism of the respiration process in the human
The structure of the human respiratory system
The function of the respiratory system and the importance of respiration process
How can you keep the digestive system healthy?
The function of the large intestine in the human digestive system
The function of the small intestine in the human digestive system
The function of the pharynx, esophagus & stomach in the digestive system
The function of the mouth in the human digestive system
The function of the digestive system in the human body
The structure of the human body
What are the components of the soil?
How can you get rid of some excess salts through the skin? and how can you keep the urinary system healthy?
The characteristics and the importance of the thermosphere layer
The structure and the function of the urinary system in the human body
How do your body cells get rid of the excretory materials?
The types of wastes and the excretion process in the human
The factors affecting the friction between the solid objects and the water
The friction between the solid objects and the air
The factors affecting the friction between two solid objects
How to maintain the circulatory system healthy?
The blood circulation in the circulatory system
The structure and the function of the blood in the circulatory system
The types and the functions of the blood vessels in the circulatory system
The camel is the desert ship and some features of adaptation in it
The structure and the function of the heart in the circulatory system
The properties of the alkaline earth metals group (2 A)
How are the desert plants adapted to their environmental conditions?
The adaptation for hiding and the birds' migration
The description of the modern periodic table