Successful crypto coins motivate every developer to create new popular counterparts that will bring serious profits. One of these projects is the Cardano cryptocurrency, which is very popular among the community. Such a significant forum as Bitcointalk characterizes it as promising and gaining popularity all over the world. The article will take a closer look at what Cardano is, how to earn this coin and how promising it is in the future.

About Cardano project

The Cardano system was created back in 2014, so its difficult to call it a novelty on cryptocurrency exchanges. Initially, the development team launched the coin in test mode, but soon the developers realized the importance and benefits of introducing Cardano to the cryptocurrency market. With the help of it, the prospect of creating a system for democratizing finance with the help of secure and inexpensive blockchain-based applications appeared.

The core of the system was created based on the well-known Proof of Stake algorithm, and Haskell became the programming language. A special addition was attached to the algorithm - the Ouroboros data transfer protocol. The founder of the Cardano coin is considered to be Charles Hoskinson, who was one of the leading specialists in the Ethereum cryptocurrency system. He was able to quickly collect the required amount to launch the coin, and after 4 days from the date of Cardano release, the turnover doubled.

All the work done allowed the development team to appear in the top 20 cryptocurrencies in the world after just a week. This early success of the coin was possible due to large investments of several significant companies from Asia. Cardano is divided into 3 areas, for which different managers are responsible:

The Emurgo company took over the commercial component of the project, the development of nodes and applications for the service.
IONK was engaged in the input project. This is development over the blockchain and control of its functioning.
The Cardano Foundation was dedicated to providing security and promoting the popularity of the coin.
The Cardano Foundation is also developing and implementing new blockchain technology that will allow the project to become more transparent in providing all information about changes in the system and in the cryptocurrency market. It is the distribution of responsibilities between the owners and developers of Cardano, according to experts, that allows the crypto coin to be so successful and progress further.

Cardano Features

The Cardano cryptocurrency was created with a desire to avoid the common problems of other coins, to take only the best qualities from each of them. The developers characterize Cardano with the following capabilities:

complete confidentiality with a guarantee of the safety of information from third parties;
ensuring high quality regulatory control of the project;
special algorithms responsible for the safety of clients investments.
The positive side of the coin is its flexible cryptography system and the use of only the best management techniques. The lack of high-profile scandals and customer complaints also benefits Cardano reputation. The coin has 2 levels of computing resource: basic (coin distribution) and built-in (contact control).

Cardano algorithm is similar to the popular Bitcoin and Ethereum systems, allowing up to 7 transactions per second. When using special nodes, the scale can be significantly increased. This indicates the prospect of the coin to maintain a high position in the market. Also, the Cardano developers are engaged in the following tasks:

Building working relationships with self-beneficial structures.
Working with a large number of cryptocurrency platforms, concluding partnership agreements.
Attempts to attract large investors and investment companies to the project.
Applying a set of protective measures to every application that works with the coin.
The positive impact of the Cardano system on the cryptocurrency community.
All of Cardano stated goals and ability to progress only evoke favorable characteristics from members of the entire community. At the same time, Cardano should be seen as a powerful competitor, which in the future may impose a serious struggle on leaders.

How Cardano is created

The market for Cardano cryptocurrency currently has approximately 45,000,000,000 coins. The mining procedure is available to all users, and the influence of unauthorized persons on the block formation process is excluded. This suggests that it will be extremely difficult to hack the system, which can be considered a significant advantage for users.

Another positive feature experts call the fact that the funds that the development team receives through the mining of users are directed to improving the system, fixing errors and shortcomings. The opinion of every member of the community is valued and plays an important role in the subsequent development of Cardano.

Mining is slightly different from mining other cryptocurrencies. Before you start mining it, you need to carefully study all the methods and choose the most suitable option. Unlike using the PoW algorithm (as in most cases), Cardano uses a special PoS algorithm that does not require the connection of powerful computing computers. The meaning of the PoS idea is in generating new blocks and receiving commission for transfers through user funds.

The more coins a Cardano wallet owner has, the higher his earnings. Therefore, experts recommend buying Cardano cryptocurrency until it has significantly increased in price. Each block contains 2000 ADA coins. 75% of them are in the assets of users, the remaining 25% are in the account of the fund, which serves as an intermediary between users and developers.

The Cardano cryptocurrency is stored in a dedicated Daedalus wallet. To purchase coins, the first step is to download such a wallet on the official website of the cryptocurrency and register. You can buy ADA coins on exchanges for dollars, euros, rubles or other cryptocurrency.

Is Cardano endless? ADA Currency Outlook

Due to its high reputation, Cardano cryptocurrency attracts the attention of many investment companies. It is rather difficult to predict the development of a coin and its value even after a year. Most experts assess Cardano chances of reaching the same level with the leaders of the cryptocurrency market rather positively.

The system is used at two levels of interactions: the level of transaction settlement and smart contracts. Both of these levels should be considered in order to obtain reliable information on Cardano reliability. The developers are making every effort to ensure that the project does not split into forks, like existing popular cryptocurrency systems. To do this, they plan to make changes to the algorithm so as not to destroy the entire previously built structure and not divide the network.

The Cardano network is built only on newer versions of the blockchain, unlike Bitcoin. For the transaction to go to the wallet, it must be updated to the latest version.

The prospect of ADA cryptocurrency, despite the small age of the project, still has a place to be. The price of the coin is slowly increasing, which indicates the right direction in which the development team is moving. This is also facilitated by the use of modern technologies, which make it possible to call Cardano a third-generation cryptocurrency.

Another reason for the demand for the coin in the near future can be called speculators who want to get rich on the currency. With each passing month, skeptical experts are becoming less and less, although at the very beginning, many predicted an imminent disappearance for Cardano.

Strengths of Cardano

The developers of the Cardano cryptocurrency do not like comparisons with other coins and insist that their blockchain structure is built on version 3.0, unlike other systems. The biggest plus is the ability to seamlessly scale up the project. The third generation currency has several significant advantages:

The security of the Ouroboros algorithm is mathematically proven and paves the way for project scaling.
A good Haskell programming language that is safe.
The system works in two directions (transactions and smart contracts).
Restricting the access of unauthorized persons to the operation of the system.
A clear procedure for attracting large investors.
Privacy of all information that concerns users.
Fast conduction of transactions.
The development team announces the set goals for the implementation of their system in the banking and aviation sectors. Cardano has a clear roadmap and transparent reporting of any project changes. The cryptocurrency management has extensive experience in financial management and is able to control a situation of any complexity.

In the future, there is the possibility of full legalization in cooperation with government agencies. Also Cardano is compatible with all blockchain versions and is available on most cryptocurrency exchanges.

Among the disadvantages, experts consider the lack of popularization of the coin. In all countries (except Japan), Cardano hardware is poor. Also, the disadvantages include the rather young age of the system in relation to the developed world leaders of the cryptocurrency, which will have to catch up over time. All these problems, if properly addressed, are not capable of hindering the progress of the coin.

It is difficult to predict how long it will take for developers to take Cardano to the next level of popularity, but it certainly has prospects based on user and expert feedback.

Cardano in the top currencies

Cryptocurrencies change positions in the market quite often, but a truly stable system should be at the top of the list in all respects. In the near future, Cardano may enter the top 5 crypto coins in terms of market capitalization. The following reasons may contribute to this event:

Ledger integration. Integration of the system into the Ledger hardware wallet will allow users not to worry about the safety of their funds offline.
Cardano is the only digital asset in the top 10 cryptocurrencies, accounting for 50% of the market turnover.
Decentralization of the network through the release of the Mainet5 program, which led to significant progress in Cardano performance.
An equally important role is played by the exchange rate of the coin in relation to the ruble or dollar. On the day of writing the article 1 ADA = 2.22 rubles. No one can guarantee drastic changes in the value of the coin, but all the above prospects in favor of the crypto coin allow us to hope so.

Cardano has combined complete privacy with quality legal management. This increased investor confidence, and in the future can significantly raise the value of the coin rate. At the moment, Cardano is ranked 9th on the CoinMarketCap list and has a capital of about $ 2 billion. The maximum value of 1 ADA in history was $ 1.15.

Conclusion
Scientific development methods and mathematical confirmation of the security of working with Cardano speaks of motivating developers to create a competitive cryptocurrency that will be much safer than the current popular counterparts. Cardano aims to capture the best ideas from other platforms and get rid of their flaws.

Despite the temporary absence of influential investors, many experts consider it a matter of time, as evidenced by the positive growth of the coins rate. Cardano can rightfully be considered a stable and promising cryptocurrency, which in a few years is able to lead the first line of the world rating.