WHAT IS CARDANO?
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
WHAT IS THE PURPOSE OF CARDANO?
Cardano basis purpose is to interconnect the blockchain and improve the scalability. the major issue with bitcoin and ethereum is that it is not scalable and cardano wants to solve this major issue of scalabity. bitcoin is first generation cryptocurrency while ethereum is second generation cryptocurrency. In short Cardano wants to become third generation becomes cryptocurrency. Cardano is based on input output hongkong system i.e. it is based on IOHk . IOHk is a blockchain development fund.
MEMBERS& TEAM
Cardano was founder by Jermey Wood Charles Hoskinson who was ex CEO of Ethereum.
The entire Cardano team is made up of experts around the world, and the core technology team consists of Well-Typed, Runtime Verification, Predictable Network Solutions and ATIX with IOHK as the team leader. External auditors such as Grimm, RPI Cryptography Group and FP Complete ensure the quality of the product by holding IOHK accountable.
CARDANO IS AN OPEN SOURCE PROJECT
Cardano is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own, and for all your decisions as to whether to exchange blockchain assets with Cardano. In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value. Similarly, blockchain assets you exchange on the basis of your research may increase in value after your exchange.
Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks.
Cardano is a pre minned coin which means it cannot be mined.It is trading in major exchanges such as upbit, Binance,Bittrex,HitBTC etc
ADA has a massive advantage over Ethereum, in that it isn’t yet running. Progress builds on progress, and since Cardano was implemented after Ethereum the Cardano development team has had the chance to tinker with their tech and improve on a lot of things, while the Ethereum blockchain is already running making it much harder for the developers to make changes.
Charles Hoskinson makes a good point when he compares making an alteration to the Ethereum blockchain to changing the tires on a moving car.
Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system
A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange.
It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.
Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
current price of cardano is $0.147934 USD as of 5.04.2018
