Let’s face it. Everyone in the crypotcurrency game is looking for the next Bitcoin, Ethereum, Dash, Litecoin and Monero. Major players just to name a few but there are others out there slowly moving up, we have all seen them. But from the abyss of the crypto jungle comes Cardano or ADA. A 3rd generation blockchain coin that is looking to become an individual platform like Bitcoin and Ethereum. Here is some information that may interest anyone looking for the next big player in the top 10 cryptocurrencies! So far Cardano has pushed into the top 10 a few times this week with its steady growth. A spike did occur this week due to news of their roadmap being updated on Dec 1, 2017. Do your own DD but from trends and analysis from around the net this looks like a big winner.
What is Cardano (ADA)?
Cardano is home to the Ada cryptocurrency, which can be used to send and receive digital funds. This digital cash represents the future of money, making possible fast, direct transfers that are guaranteed to be secure through the use of cryptography.
Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world. The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks. After the settlement layer that will run Ada is complete, a separate computing layer will be built to handle smart contracts, the digital legal agreements that will underpin future commerce and business. Cardano will also run decentralised applications, or dapps, services not controlled by any single party but instead operate on a blockchain.
This is the first blockchain project to be developed from a scientific philosophy, and the only one to be designed and built by a global team of leading academics and engineers. It is essential that the technology is secure, flexible and scalable for use by many millions of users. Consequently, considerable thought and care from some of the leading experts in their fields has been devoted to the project and informed design decisions. The scientific rigour applied to mission-critical systems such as aerospace and banking has been brought to the field of cryptocurrencies, with a high assurance implementation. We believe this is the first time that this has been done.
A major innovation of Cardano is that it will balance the needs of users with those of regulators, and in doing so combine privacy with regulation. The vision for Cardano is that its new style of regulated computing will bring greater financial inclusion by providing open access for all to fair financial services.