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Cardano (ADA Coin) – Review & Guide
Our Cardano review will tell you everything you need to know about this exciting cryptocurrency project. We’ll answer common questions such as, what is Cardano coin and explain how it’s different from Ethereum? Remember, investing in cryptocurrencies is high risk and we do encourage you to do your own research.
- 1 What Is Cardano?
- 2 Cardano ADA & Generation 3 Cryptocurrencies
- 3 ADA Cardano Is Built On Two Principles:
- 4 Pillar 1: How Cardano ADA Is Solving The Scalability Problem?
- 5 Pillar 2: Solving Interoperability Problems
- 6 Interoperability & Traditional Financial Institutions
- 7 Pillar 3: Sustainability
- 8 The Cardano Team
- 9 The Future Of Cardano Coin
- 10 The Cardano ICO
- 11 Should I Invest In Cardano ADA Coin?
- 12 How Can I Buy Cardano ADA Coin?
- 13 Conclusion
- 14 Resources
What Is Cardano?
In a nutshell, Cardano is a third generation cryptocurrency protocol. In case you didn’t know, a protocol is simply a set of rules and guidelines for data to communicate with each other.
The cryptocurrency is trying to create a new smart economy and build a decentralized public blockchain that can be used by millions or even billions of people. It also is attempting to make Cardano capable of speaking to other cryptocurrencies and their blockchains, whilst also acting as a bridge between the cryptocurrency and traditional financial worlds. Like Ethereum, the Cardano blockchain will allow decentralized applications to be built on top of it and enjoy the benefits of ADA Cardano.
In essence, ADA Cardano is trying to build a super smart and fast blockchain that is capable of being mass adopted, capable of communicating with other cryptocurrencies in addition to traditional financial networks and achieve all this is a sustainable way. The Cardano ADA coin is intended to be used at the fuel that powers the platform.
The Cardano ADA project differs from pretty much every other cryptocurrency project due to the scientific methodology involved in its development. Cryptocurrency research for Cardano is submitted to academic institutions for peer review, before the area of research is built. The idea is that these rigorous methods will result in the creation of a superior protocol that will survive the test of time.
The truth is that Cardano ADA is quite hard to get your head around and understand. To properly answer the question ‘What is Cardano?’, we will need to dive into the shortcomings of previous generations of cryptocurrencies and explain how Cardano is solving these problems. Only then are you going to fully understand how amazing Cardano actually is and what it does.
Cardano Origins: Generation 1 Cryptocurrency
All the way back in 2009, the first generation of cryptocurrencies was created. Bitcoin really is the original and only true ‘generation one’ crypto out there. The problem Bitcoin was trying to solve was ‘How to create decentralized money?’.
There were two main principles that governed the creation of Bitcoin:
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- Could we create digital money that lives on some decentralized blockchain? The idea was that the token would be scarce and tradable.
- The second core idea of Bitcoin was that two people could transact value between each other, without the need for a trusted third party or intermediary to facilitate the transaction. In the traditional financial world, this trusted third party would be a bank.
It was only a few years after Bitcoin’s creation that this digital currency was actually traded for real money. That being said, the market for Bitcoin was tiny and, initially, the currency only had a few hundred users.
The issue with Bitcoin is that a transaction between two people, let’s call them Jim and Sarah, is more than just a transfer of value. Whenever a transaction occurs there is a story behind it. For example, Jim agrees to pay Sarah $50 if she walks his dogs for four hours. You should now be able to see that the stories behind transactions are essentially contracts. Think about it, pretty much every transaction you ever make will be subject to terms and conditions.
With first generation cryptocurrencies such as Bitcoin, the problem was that the technology was not well suited to solve or account for this degree of complexity.
Cardano Origins: Generation 2 Cryptocurrency
ADA Cardano founder Charles Hoskinson and Vitalik Buterin understood the shortcomings of Bitcoin and decided to start the Ethereum project. Ethereum was the first ‘generation two’ cryptocurrency project and brought a programming language to a blockchain. The reason why programming languages were paired with blockchain, was so that smart contracts could be written. This allowed transactions to be customized and gave the option of attaching terms and conditions to transactions. The smart thing about smart contracts is that the transaction would only be processed if the terms and conditions in the smart contract were fulfilled. Essentially smart contracts ushered in a new era of bespoke blockchain transactions.
The Problem With Generation 2 Cryptocurrencies
The issue with the second generation of cryptocurrencies (like Ethereum) is that we began to realize that they cannot serve large numbers of users. This became readily apparent in December 2017 when the Ethereum network ground to a halt, due to the high number of transactions generated by the CryptoKitties game. This inability to serve large numbers of users severely limits the usefulness of Ethereum smart contract technology.
It should also be noted that both generation one and two cryptocurrencies all suffer from two additional problems:
- Governance Issues: Often we see different cryptocurrencies splitting into two to separate cryptos and subdividing the community and developers working on the project. These splits in a cryptocurrency are called ‘forks’ and examples include:
* Ethereum and Ethereum Classic.
* Bitcoin and Bitcoin Cash.
- Funding Issues: You might have heard that initial coin offerings (ICOs), are the main method for cryptocurrency projects to get funding. However, no one has really talked about what happens when the funding runs out. This makes the majority of first and second generation cryptocurrencies unsustainable in the long term.
Cardano ADA & Generation 3 Cryptocurrencies
‘Generation three’ cryptocurrencies are attempting to solve the problems present in the previous crypto generations. To this end, the third generation coins are aiming to solve the following problems:
- Scalability: Which entails creating a network that can support a large number of users.
- Interoperability: This is just a smart way of saying that different blockchains should be able to talk to each other. For ‘generation three’ cryptocurrencies, this may also include the ability to communicate with legacy financial systems e.g. banks.
- Sustainability: Cryptocurrencies should be able to fund themselves long term. If this problem is not solved, how is the infrastructure created meant to be maintained?
The ADA Cardano project aims to solve these three problems, in a way that incorporates the best features and lessons learned for ‘generation one’ and ‘generation two’ cryptocurrencies. They also plan to add new concepts and new technologies to the cryptocurrency space. Indeed, these three points should be viewed as the foundation Cardano is built on.
ADA Cardano Is Built On Two Principles:
- All the science that guides the solutions to problems is peer reviewed. This means the Cardano team go to conferences, write proper scientific papers and engage with universities. The idea is that this rigorous process will lead to a better solution being produced.
- In terms of engineering, this is to be implemented as high assurance code. This means the same types of quality control applied to technology e.g. building a rocket, are applied to Cardano code. The idea is that this rigorous process leads to a significantly better product and higher quality code. This aims to reduce the risk of Cardano being hacked.
3rd Generation Cryptocurrency Problem: Scalability
There are three different ways of thinking about the scalability issue:
- Transactions per second: Which means how many transactions can a system get into a block in a determined amount of time.
- Network: Transactions carry data. The more transactions there are, the more data resources the network needs. This means that for a system to scale and support millions or billions of users, that system could require many gigabytes of bandwidth per second to support all the data flowing through it.
- Data scale: Blockchains hopefully store things forever. This means that over time, there is an ever-expanding amount of data stored in the blockchain.
This means that as the ADA Cardano network grows it will need to:
- Process more transactions per second.
- Will need more bandwidth and available data storage.
For Cardano to succeed, it needs to achieve all this without compromising security. You should now be able to see that the Cardano ADA project requires significant research to build a solution to these problems. This is why peer review is such an important part of the Cardano methodology.
Pillar 1: How Cardano ADA Is Solving The Scalability Problem?
To understand help you understand how Cardano is solving scalability issues, we will dive into each of the components that makeup scalability.
#1 Transactions Per Second
In regards to the transactions per second throughput, Cardano has developed a peer-reviewed white paper for a provable proof of stake protocol called Ouroboros. Ouroboros is one of the most efficient consensus protocols in the entire cryptocurrency space and it’s the first to be proven as secure, in a rigorous cryptographic way.
The genius of Ouroboros is that it’s been designed in a modular way and with future proofing in mind.
Ouroboros breaks down the Cardano universe into epochs. It takes a look at the distribution of tokens and from a source of random numbers, it can hold an election and create slot leaders. These slot leaders do exactly the same thing as a miner would do in Bitcoin and create blocks. The difference is that this does not require the excessive computational resources that bitcoin mining does. This means that the Ouroboros system is significantly cheaper to run, whilst enjoying all the security guarantees of Bitcoin. This makes Ouroboros a major cryptocurrency advancement.
The interesting thing is that these slot leaders do not need to maintain a single block, on a single blockchain. They can maintain other blocks on other chains. The reason is that the cost of constructing a block is so low, it is now feasible to start talking about consensus over a range of different chains.
Epochs could also be run in parallel and partition transactions accordingly. This means that as you gain more users and your users gain more capabilities, that these slot leaders can maintain more types of blockchains and run the transaction processing for the blockchains in parallel. In short, all this means that that the Cardano system can increase the number of transactions per second it can process.
Ouroboros & Security
The security standards of Ouroboros mean that as new features are added, these will be equally as secure as all previous features. Also, Cardano is working on making Ouroboros quantum resistant. This will bring even more future proofing into the system.
Ouroboros is a way of maintaining the Cardano network, that doesn’t cost $300k an hour (as Bitcoin does at a price of $5,000), to be able to go parallel and maintain multiple chains at the same time.
Ouroboros has gone through many different peer reviews, giving the Cardano team a high degree of assurance that the design of the system is correct. The Cardano team are also modeling a formal specification of Ouroboros using Psi Cakulus, which is a modeling language that can be understood by machines. Eventually, the team expects to be able to connect this to their Haskell code and Github repository to actually show that they have correctly implemented the protocol. This standard does not exist in the cryptocurrency space right now.
There is a need to move large amounts of data at the same time. As the ADA Cardano network grows from a few hundred transactions per second, to a few hundred, to thousands of transactions per second, you cannot have a situation where every node has to relay back every message. This is because nodes do not have the capabilities to handle this. To combat this problem, Cardano is developing a new technology called RINA.
RINA stands for Recursive Inter-network Architecture. RINA is basically a new way to structure a cryptocurrency network. The goal here is to build a network that gives you privacy guarantees, transparency guarantees and scalability guarantees. RINA essentially gives the team a way to very naturally fine-tune and configure Cardano as it grows. The Cardano team think RINA will be a big solution to the network and overhead issues that currently exist.
#3 Data Scaling
Public blockchains can become very big, very quickly and not everyone should be required to have all the data. The Cardano team have not entirely solved this problem yet. However, they are aware of techniques like pruning, subscriptions, and compression. If any of these solutions are applied, this will reduce the amount of data any user will have to store. Other ideas include partitioning, which just means that each user doesn’t need an entire copy of the blockchain. Instead, they can just have a chunk of the chain. Many users with different chunks of the chain can allow for the system to combine them all to make the full chain.
In terms of data scaling solutions, the idea of Cardano is to study the solutions in a rigorous way. One piece of technology that could help Cardano ADA solve the data scaling problem is called sidechains.
What Are Sidechains & How Can They Help Cardano?
Sidechains are made up of two components:
- They are just a compressed representation of a blockchain.
- Creating interoperability between chains. Or in other words, allowing for transactions between different blockchains.
ADA Cardano’s goal is to allow people to have much smaller amounts of data, but overall still get the same level of assurance and security, that the transactions they receive or process are correct.
Some of the proofs that Cardano have come up with in their sidechain research has given them a lot of hope that they can build compressed representations of a blockchain as it grows. Also, that these proofs can give a high level of certainty that the transactions we are seeing, the history we are seeing is correct. Even though these proofs are quite small.
Cardano’s approach to data scaling is restricting what people see in an intelligent way. They aim to partition whenever possible and find very smart cryptographic ways to compress history, whilst giving people the same level of confidence without having to have a whole copy of the blockchain. The ultimate goal is to do all this in a way that still maintains the security guarantee that Bitcoin has.
The fortunate thing is that when TPS grows quite a bit, network resources tend to grow and data storage is still relatively cheap. This is why the Cardano ADA team think the data scaling side of things is not particularly urgent. However, the research has started and the team believes they will get their first approaches to this problem by the middle of 2018 and eventually have a total solution to this issue by the end of 2019.
Pillar 2: Solving Interoperability Problems
Interoperability is based on the idea that there will not be a single winner in cryptocurrency. Instead, there will be many different networks like Ethereum, Bitcoin, Ripple, and legacy systems like the traditional bank networks that run on older protocols such as SWIFT. The problem is that all these systems speak their own languages and have their business logic and rules.
The issue right now, is that it’s very hard for cryptocurrency networks like Ethereum and Bitcoin to understand each other. This problem is magnified when we consider any cryptocurrency and a traditional banking network understanding each other.
If you don’t have a single standard or way of communicating with these different systems, then you encounter a situation where the value becomes very fragmented. This means it doesn’t matter how decentralized any single ecosystem is (for example Bitcoin or Ethereum), the kingmaker will be small on and off boarding hubs that control the movement of value between different systems. Right now, these kingmakers are cryptocurrency exchanges. However, it is possible that other solutions will come in and challenge the exchanges.
The problem is that these exchanges are fragile. They are subject to being hacked, regulation and are sometimes closed down. This is essentially not a good idea for a supposedly decentralized ecosystem like Bitcoin. The reason is that a single group of actors is controlling if someone can convert value from one system to another one e.g. converting Ethereum to Ripple.
The truth is that people doing business in the cryptocurrency world will very likely have to come into contact with the traditional financial world. The problem is that cryptocurrency businesses do not have the compliance information on their customers and are therefore deemed high-risk businesses by traditional financial systems.
How Is Cardano ADA Coin Solving The Interoperability Issue?
The idea with a third generation cryptocurrency like Cardano ADA coin is that they should be able to watch and understand other cryptocurrencies. A cryptocurrency that, if it sees an event occurring on a network like Ethereum, can verify if that event is true or false. So if Jim and Sarah made an Ethereum transaction, the third generation cryptocurrency should be able to tell if this transaction happened or not. In a nutshell, cross-chain transfers should be reliable and should be able to verify transactions without a trusted third party.
The way to enable all the different cryptocurrencies to speak to each other is through sidechains. The basic concept is that there is some way of structuring information from one chain to another. In other words, if the transaction is compressed there should be a way to verify if that transaction happened or not and be able to confirm that the transaction was not a double spend. It is important to understand that any method of achieving this, must be done so in an exceptionally compressed way. The reason is that there are so many cryptocurrencies today, over 1,500 and counting and the blockchains for each cryptocurrency are becoming increasingly big. This means that a solution that requires a copy of every cryptocurrencies blockchain is simply not scalable. The result is that high levels of compression are required to make interoperability feasible.
Cardano has started its research on sidechains and has already published academic papers on the topic. The Cardano team are hopeful that out of this research, they can engineer a solution to solve the interoperability problem between different cryptocurrencies.
Interoperability & Traditional Financial Institutions
Even if all cryptocurrencies could speak to each other with no issues at all, there is still a problem that the cryptocurrency world cannot speak with the traditional financial world. There are three reasons why the cryptocurrency world would still be incompatible with the traditional banking network:
Metadata is the story behind a transaction. The story would be the amount you spent and where you spent it. In the cryptocurrency space, it is quite easy to show how much you spent. However, it is exceptionally difficult to prove where you spent it and what you spent your funds on. The problem is that metadata is heavily used by the legacy financial world and it is metadata that banks rely on to determine the risk level for a business.
The problem for cryptocurrency is that metadata is exceptionally private. Indeed, it can show a whole sequence of transactions and in cryptocurrency, permanently storing it in a public record.
When it comes to Cardano ADA, they are thinking about where, when and how they can put metadata on a blockchain and benefit from factors such as audibility, immutability (storing the transaction as a permanent record) and time-stamping. The aim is for ADA Cardano to post metadata to a blockchain in a responsible and useful way. For example, the data may be encrypted and only accessible to selected people.
Attribution is about the identity of the actors involved in transactions. In short, it is not good enough to know the story behind the transaction, the traditional financial system needs to know where the money came from and where it is going.
With Cardano, there will be a way to voluntarily add attribution to a transaction in an easy way. With the technology in pre-existing cryptocurrencies, it is possible to create and securely store individuals digital identities. When it comes to attribution, Cardano is aiming to create a simple way for people to identify themselves when attributing transactions.
Compliance includes things like Know Your Customer checks (KYC), anti-money laundering (AML) and counter terrorist financing (CTF). With all these components they essentially ask the same question. What do we know about the transaction and can we say that it’s a legitimate transaction? All these checks are not really considered in the world of cryptocurrency, but it a cornerstone of the traditional banking network or any money service business.
With Cardano, the idea is that a user can voluntarily opt to send a transaction in a way that a bank would feel very comfortable with. The key is doing this in a way that protects user privacy, whilst ensuring that people are not custodians of the data. As we have seen with other data breaches in companies like Ashley Madison, data custodianship can be quite problematic.
A huge part of Cardano is exploring the traditional financial network part of the space using new cryptography, using optional metadata and using things like trusted hardware. Trusted hardware gives us very secure ways to store credentials, to ways to guarantee that data has been destroyed after a specified period of time and geotagging.
Cardano Review: The Overall Picture For Interoperability
If Cardano successfully solves the interoperability problem, then you can think of Cardano as the glue that brings together the internet of blockchains. This means the different cryptocurrencies can stay as they are and the banks can remain operating with their legacy systems. ADA Cardano is intended to become the decentralized bridge between the traditional financial world and the crypto world. If Cardano ADA coin can achieve this, then it will usher in a new era of interoperability and significantly increase the usefulness of all cryptocurrencies.
Pillar 3: Sustainability
Sustainability is all about the future of Cardano ADA coin. It can be broken down into two key parts:
#1 How Do We Pay For Things?
The thing to understand is that cryptocurrencies are not companies. Cryptocurrencies like Cardano are building infrastructure, like roads. Cryptocurrencies are building open source protocols and the goal is to minimize cost. Yes, cryptocurrencies could put tolls and fees on the protocol, but this would likely make it less competitive than a completely open and free protocol. This makes it very difficult to work out how people should pay for and maintain these systems in the long term.
One option is patronage, where a company offers developers for free to maintain and upgrade the protocol. The problem with this is that the company will have a lot of power over proposed changes in the protocol and this will probably lead to centralization.
ICO’s are another method. This injects a lot of capital very quickly into a cryptocurrency project. This method could be successful if there is good governance in place. The problem is that this pile of money is finite and will eventually run out.
How Does Cardano ADA Coin Intend To Pay For Things?
Cardano has asked themselves if it’s possible to create a system that has a treasury. With a treasury, a cryptocurrency can print tokens and place these new tokens in a treasury bank account. This is inflationary and is a method that was pioneered by DASH. With Bitcoin, when a block is mined the entire reward is given to the miner. In DASH, some of the rewards go into the decentralized treasury account. With DASH, the funds in the decentralized bank account can be voted on to determine the allocation of funds to funding proposals. This means there is democratic participation in the allocation of funds.
For the treasury system to work properly there needs to be four things:
- A proper and fair voting system.
- An incentive to vote.
- There needs to be an easy way to submit votes. This must be done in a way that the reasonable votes have a higher weighting than others.
- To do all this in a way that is entirely decentralized.
Cardano is very interested in the Treasury model and thinks it’s one of the most important things to ensure that the project is sustainable. A correct model will allow the system to pay for its own bills. This will require a lot of research and Cardano are working on it right now.
How Will Voting Work?
Cardano has looked at the voting system and is looking at using what they call liquid democracy. They intend to combine this with an incentivized treasury model, which has been developed through collaboration with researchers at Lancaster University and some of the Cardano developers. The idea is to create a reference treasury module that can be plugged into any cryptocurrency, such as ADA Cardano. The trick is to balance the needs of the token holders with those seeking funding in a reasonable way. This is a tricky thing to get right and the modular methodology is used so that the system can be updated independently of the protocol if necessary.
#2 Where Should We Go?
Cryptocurrencies are living creations. It’s not as simple as writing code and saying the project is done. You have to be able to change the cryptocurrency as technology changes, use cases change and new innovations are discovered. Usually, this is done in cryptocurrencies through hard forks and soft forks. A fork just means the code has been changed. The problem with current cryptocurrencies is that there is no way of determining which cryptocurrency is the ‘proper crypto’. This leads to irreconcilable differences and chains breaking apart. We have seen this with Bitcoin and Bitcoin Cash or Ethereum and Ethereum Classic. This problem will only continue as these systems scale and increase in value.
Cardano have looked into what existing systems there are that can be updated, but have firm rules. The best example is a constitution. We don’t see a fracturing of a country into two Americas when the constitution is updated. The reason why is that it’s a slow and deliberate process and people agree to follow it in principle.
Cardano thinks that we should treat protocols like constitutions and this enables us to make changes and have a process to do so. Cardano is looking at using the same voting system used in the treasury system, to also be used to submit and vote on proposals to improve the system. This process should have ever increasing thresholds the closer the change gets to adoption.
Cardano is looking at making this all machine understandable and mechanizes this whole social process. An upgrade system is already built in and this system is intended to be replaced by the voting system that will be rolled out with the treasury.
The Cardano Team
Cardano has a truly global team and has developers working on the protocol from all over the world. The main figurehead is undeniably Charles Hoskinson, who founded Cardano ADA coin in 2015.
Even though the Cardano team is packed full of talent and certainly seem able to execute this challenging project. We have decided to focus on Cardano founder and superstar Charles Hoskinson. It is no secret that many Cardano ADA coin holders have invested purely because Charles is at the helm.
Founder & CEO – Charles Hoskinson
Charles started out at the University of Colorado Boulder in 2008. Initially, he studied analytic number theory and we suspect he then read Satoshi’s white paper on Bitcoin and then decided to drop out. Charles then switched his focus to Mathematics and cryptography at the university, before leaving in 2010.
Several years went by before Charles became the Director of the Bitcoin Education Project. His role was to educate the public on the benefits of decentralization and cryptocurrencies.
In July 2013, Mr. Hoskinson went on to Co-found Invictus Innovations Incorporated, alongside Dan Larimer. You might recognize the Dan Larimer’s name – he founded the cryptocurrencies Bitshares, Steem, and EOS. At Invictus, Charles helped launch the Bitshares platform.
In late 2013, Charles had evidently got a bit bored of Bitshares and decided he would take on a new project. He then became CEO of Ethereum and was one of the project’s founders. It was during his time at Ethereum that he discovered the shortcomings of this generation two cryptocurrency. Naturally, Charles decided to try and do things better and went on to found the Cardano ADA project.
The Future Of Cardano Coin
Cardano does not have a working product yet and work is scheduled to take place all the way till 2020. Like other generation three coins, Cardano has been widely touted as an Ethereum killer. What is important to note is that Cardano is not just an application developer platform like Ethereum. The project intends to be the glue that holds the cryptocurrency world together and acts as a bridge to the traditional financial system. If Cardano succeeds, the value of the ecosystem is exceptionally hard to quantify. However, it would not be outrageous to think that it could surpass Ethereum’s all-time valuation of $133 billion.
Ultimately, the Cardano price will be driven by the number of people building on and using Cardano in the future. After all, what is the value of a road that no one is using? This means that Cardano value will be eventually be based on the number of people using the protocol.
If Cardano gets the widespread adoption that so many people think it will, then Cardano ADA Coin could reward investors handsomely. In fact, having ADA coin could be as necessary as having an email account in the future.
2018 is set to be a pivotal year for the project and you can learn more about the current Cardano roadmap here.
The Cardano ICO
Cardano’s ICO lasted over a year and started on the 1st September 2015 and ran all the way till January 2017. During the Cardano ICO, ADA coins were sold for two cents each and $63 million was raised.
Needless to say, Cardano is one of the most well-funded cryptocurrency projects out there and may key developed have already been contracted to work until 2020.
Should I Invest In Cardano ADA Coin?
- It’s the only cryptocurrency to adopt a scientific approach to development. This should result in a more future-proof cryptocurrency.
- Rather than trying to solve scalability problems later on, Cardano has focused on solving them from the get-go.
- Cardano founder Charles Hoskinson has already founded successful cryptocurrency projects like Ethereum and Bitshares. This sort of track record is barely ever seen in cryptocurrency founders.
- Cardano doesn’t aim to replace the traditional financial system, but it intends to work with it. We think that this is an exceptionally smart move.
- The project has thought about the long-term and is creating a way for it to be fully funded in the future. Many cryptocurrencies will probably die once their funding has run out. Cardano understands that the road they are building needs to be maintained and this means there must be an inbuilt mechanism for it to sustain itself.
- There is no working product yet.
- Cardano ADA coin will only become truly valuable if decentralized application developers actually build popular apps on top of the Cardano blockchain.
- It still remains to be seen if banks will work with Cardano.
- The Cardano team still have not presented solutions to all the problems they face. It cannot be assumed that these solutions can be found. Failure to do so will inevitably hurt Cardano as a project.
How Can I Buy Cardano ADA Coin?
There are several ways of buying Cardano ADA coin. We show you our favorite ways to buy it in our comprehensive guide on how to buy ADA coin.
The Cardano project could be the next step in cryptocurrency evolution. It has the potential to not only be an Ethereum killer but the bridge that connects the cryptocurrency world and also the gateway to the traditional banking system.
Cardano’s unique scientific approach to blockchain development is refreshing to see. We really like how the team have looked at past cryptocurrencies, examined their shortcomings and intend to provide a solution to every problem.
The problem with Cardano is that they may have bitten off more than they can chew. The project still has no working product and it is still uncertain if they can solve all the problems they are attempting to.
However, the TotalCrypto team do expect amazing things from Cardano. We really do think that this project could be the next stage in the evolution of blockchain. It also has the potential for cryptocurrencies to be more widely accepted by the traditional financial sector and that can only be great news for overall cryptocurrency adoption.
Below we’ve listed some key resources relevant to Cardano ADA Coin.
? Best Free Wallets
ADA Cardano has its own blockchain and needs to be stored in a compatible wallet.
- Daedalus Wallet – The Official Wallet For Cardano ADA Coin.
? Best Apps To Track Your Cardano ADA Coin Investment
- Blockfolio – Want To Learn More About Blockfolio? Just Read Our Review.
- Delta – Is Delta Really The Right Crypto Tracking App for You? Our Dedicated Review Tells You Everything You Need To Know.
ADA Cardano does not have a single white paper. Instead, there are a series of academic papers that each examine a different element of the Cardano project.