Welcome to my blog: Review Cardano Coin: Legit or Not?
Cardano coin aims to be the 3rd generation of the blockchain. So is Cardano Legit or Not?
Cardano’s Launch
Cardano launched in September 2017 by Ethereum co-founder Charles Hoskinson. It will build on top of the blockchain technology started by Bitcoin and Ethereum. Cardano’s aspiration is to be a platform that is a highly scalable and has energy-efficient smart contracts.
Cardano’s market Cap
Cardano by market cap is one of the largest Crypto Currencies in the market. Think of it as the next evolution after the Ethereum Block Chain. it is flexible, sustainable, and most of all flexible for running smart contracts. Smart contracts give developer permission to construct apps that are advantageous for blockchain security, block chain reliability, and of course accessibility. It offers peer-to-peer functionality for loans and insurance to logistics and gaming.
Much like the Bitcoin’s blockchain’s native cryptocurrency is BTC, the Cardano blockchain’s cryptocurrency is ADA. It can be purchased or sold from exchanges like Coinbase. Now, ADA can be used as a store of value or to send and receive payments, as well as for staking and paying fees on the Network of Cardano.
Cardano is a type proof-of-stake blockchain platform. It uses peer-reviewed research and developed through evidence-based methods. It combines original technologies with top notch security and evergreen sustainablity to non-centralized applications, systems, and societies.
With a top caliber team of engineers, Cardano exists to reorganize power from less unaccountable structures to individuals. Its goal is to be a sustainable force for positively ground breaking progress. (See the Cardano home page)
Today we have many to technologies fighting for dominance in the Cryptocurrency world. For instance, who will be the player to develop the “Killer App”. Stay tuned
So is Cardano Legit or Not? Yes it is.
Moreover, the right developers are in place. Even so, the best cryptos must fight it out in a crowed marketplace.
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For additional info on Cardano see Coinbase’s article.
