The eighth largest cryptocurrency by market capitalization and relatively new [Sep 2017] in the crypto-verse Cardano is turning out to be an opportunity that should not be missed. It is titled by many as the first crypto-project born from scientific philosophy based on academic research, peer-reviewed work and software developed on open source standards.
Cardano (ADA) Plans
The security-oriented platform is attempted by the team to become the ideal smart contract and distributed application ground-floor. In the community we all know that this target reflects a direct challenger for Ethereum ETH.
Charles Hoskinson – CEO and founder of Cardano, during an interview for IB Times, revealed long term plans that could lead to grasping true scalability and interledger peer-to-peer transactions in the platforms infrastructure:
“We are probably not going to lose a lot of Byzantine resistance. These epochs that we have come up with, there’s no reason they can’t be run in parallel…”
Cardano’s e-Wallet is called Daedalus, one of a kind in the market. It gives users the ability to activate decentralized applications within the cryptocurrency’s Blockchain. So, it’s both very powerful, versatile and safe.
Continuing, according to Mr. Hoskinson what makes a coin deserve its position is what its tech is delivering. Which is why Cardano’s team doing the out-most for its improvement.
“Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Ethereum claims to be a world computer, but then CryptoKitties breaks it.”
Even that a very impacting factor is speculation in the crypto-verse, all digital currencies have one target. The goal to change the world for the better. Being it a smaller scale or larger. But, the target can not be achieved if the system is not at that purpose-level and consumer-centric.
.@IOHK_Charles was invited to talk about Cardano and the future of cryptocurrencies at Google’s London Headquarters last month. Read @InputOutputHK ‘s blog post on the visit here: https://t.co/BsouiOWGf5 — Cardano Community (@cardanocom) June 28, 2018
Based on what Charles Hoskinson said, in half a year-year everybody will feel the platforms impact. The ability to shard and scale while reaching goal-points in the roadmap will return as gains for network.