Cardano (ADA) is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The coin is offering far faster transaction speeds, rock-solid reliability, quantum computing resistance, and other bleeding-edge features.
In the spirit of many open source projects, Cardano did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it was created by groups of qualified phd professional to embrace a collection of design principles, engineering best practices and avenues for exploration. These include the following:
-Separation of accounting and computation into different layers.
-Implementation of core components in highly modular functional code.
-Small groups of academics and developers competing with peer reviewed research.
-Heavy use of interdisciplinary teams including early use of InfoSec experts.
-Fast iteration between white papers, implementation and new research required to correct issues discovered during review.
-Building in the ability to upgrade post-deployed systems without destroying the network.
-Development of a decentralized funding mechanism for future work.
-A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience.
-Bringing stakeholders closer to the operations and maintenance of their cryptocurrency.
-Acknowledging the need to account for multiple assets in the same ledger.
-Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems.
-Learning from the nearly 1,000 altcoins by embracing features that make sense.
-Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design.
-Explore the social elements of commerce.
-Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin.
ADA is on a downtrend as of right now and the buying point should be around the corner at 2500-3000 sats. This coin is correcting from a 850% increase at the beginning of the year and should be a very promising for the new generation of coins!
Source: https://www.tradingview.com/u/maheswar81/
Thanks for the chart maheswar81!!
I like the project personally and have invested in ADA
I bought ADA in the high 50cent range and am just itching to see it hit at least a dollar. #ENDtheCORRECTION
Hey thanks for the post, interesting read!
I have always liked ADA and I really believe it will be a coin to watch during 2018 and years to come. - Lets see what happens!
// @sanktnico
ADA is going to do well short term once this last leg of correction is over. MASSIVE PROFITS TO YOU!
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Bought ADA at 12cents and HODL... ADA to the moon in 2018!
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excellent analysis of ADA token. Thanks for this update as am gonna look into it. keep it coming
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The team of developers alone is enough justification for me to invest in ADA. It might be premature for it to go to the moon, but it is always better for hodlers :) I hope to see it fly soon!
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