What is Cardano? Should I invest in Cardano?
Technology is increasingly developing, leading to increasing demand for money management and usage. In addition to complex payment processes in practice and cumbersome procedures, scientists and technical experts around the world today have developed a new model of using money. It’s simple, fast and extremely safe. That’s Cardano. So what is Cardano? Is it a new form of virtual money growing? We will analyze it in the article below.
What is Cardano?
Cardano is also known as Cardano Wallet. It is the site of ADA cryptocurrency, where you can be used to send and receive digital money. This digital cash represents the future of money, making it a more rapid, direct transfer that is secured by using encryption. The cryptocurrency is also understood as the name of this new virtual currency (encrypted money) that will work right on Cardano (ADA) as a medium for exchanging through cryptography.
Who is Cardano’s development team?
There are three organizations that contribute to Cardano’s development. The first is the Cardano Foundation, a Swiss-based independent agency standard with core responsibilities to support Cardano’s user community and work with authorities on legal and commercial issues. The second unit working on Cardano is IOHK, a study of cryptocurrency and leading company development, holding contracts to develop this platform by 2020. The final business partner is EMURGO, investing in start-up and support inter-commerce to build on the Cardano blockchain.
The outstanding feature of Cardano (ADA)
Cardano was developed to overcome the long-standing weaknesses of Bitcoin and Ethereum. Charles Hoskinson knows that the blockchain needs to grow, even more, so Cardano’s main solutions are:
Cardano is the first blockchain project developed from a scientific philosophy and the only project designed and built by a group of leading global scholars and engineers. Cardano always upholds security, which is seen by the quality of the code by Cardano programming team. They use Haskell and Plutus as the main programming language.
According to some experts in the world, Cardano’s value in the long term will increase, of course, it is only a prediction and that may be wrong or correct. For e-money investors, there is a need for further research on this coin if it sees potential and long-term investment determination.
Should I invest in Cardano?
At the time of writing, Cardano virtual money (ADA) is priced at $ 0.078545 USD and has a total market capitalization of $ 2,036,436,687 equivalent to 163,988 BTC, and ranks 11th on Coinmarketcap.
In general, the virtual money market always has many fluctuations in price but Cardano still tends to increase steadily. Although the increase is not too large, in the time of competition in the market for encryption is very large. Then small growth is also very positive signals. So choosing to invest in Cardano is worth considering.
Hope this article has helped you get more useful information for yourself as well as more knowledge to be able to decide the investment properly. I wish you success!