Potential of Cardano (ADA)

If Cardano (ADA) can live up to its potential, it could become one of the most important cryptocurrencies in the world. In this article, we will take a look at the potential of Cardano (ADA) and what it could mean for the future of cryptocurrency.

Before we can see the potential, we have to know where Cardano (ADA) started, what Cardano (ADA) is, and the Cardano blockchain.

History of Cardano (ADA)

Cardano (ADA) was created by Charles Hoskinson, who is one of the co-founders of Ethereum. Cardano (ADA) started in 2015 and was built on the Haskell programming language. The Cardano ADA cryptocurrency launched in September of 2017.

Cardano (ADA) is a decentralized public blockchain and cryptocurrency project. Cardano is developing a smart contract platform that 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 of Cardano (ADA) is a global team consisting of experienced engineers and researchers.

The Cardano project is fully open source, and anyone is welcome to contribute. Cardano (ADA) is still in its early stages but has the potential to grow into a very powerful platform.

What is Cardano (ADA)?

To fully understand the potential Cardano (ADA) has, we need to know what Cardano (ADA) actually is. Cardano (ADA) is a smart contract platform that runs on the Cardano blockchain.

The Cardano blockchain is a public blockchain that is based on the Proof of Stake algorithm called Ouroboros.

The Cardano (ADA) token is used to run smart contracts on the Cardano blockchain. Cardano (ADA) also has its own programming language called Plutus. Plutus is a functional programming language that is designed specifically for writing smart contracts on the Cardano blockchain.

Cardano (ADA) also has a built-in decentralized exchange called Cardano Exchange. Cardano Exchange is a peer-to-peer exchange that allows users to trade Cardano (ADA) tokens directly with each other.

Key Features of Cardano (ADA)

Cardano platform has a lot of key features on how it must be used. One of the features is that it is a platform with different levels and each level has its own functionality.

Some of the key features of Cardano (ADA) include:

Cardano is based on a scientific philosophy: Cardano (ADA) is the first blockchain that is based on scientific philosophy. Cardano’s development team is constantly doing research and peer-reviewed papers to improve the Cardano blockchain.
Cardano is built on Haskell: Cardano (ADA) was built on the Haskell programming language which is a functional programming language. Haskell is a very secure programming language which makes Cardano (ADA) a very secure platform.
Cardano has a decentralized exchange: Cardano (ADA) has a built-in decentralized exchange called Cardano Exchange.

Learning more about how to use Cardano (ADA), here is a list of Cardano’s use cases:

Creation of smart contracts
Running a decentralized exchange
Creation of a new cryptocurrency-
Creation of a new blockchain platform
Building a new decentralized application (dApp)
Used to create a new token
Conducting Initial Coin Offerings (ICOs)

There are many things Cardano (ADA) can be used for. Cardano (ADA) is a very powerful platform with a lot of potentials. Cardano (ADA) is still in its early stages but has the potential to grow into a very powerful platform.

Risks of Cardano (ADA)

Of course, we can say that although there are great advantages associated with Cardano, there are still a few risks that investors take note of.

Some of the risks associated with Cardano (ADA) include:

New Platform: Cardano (ADA) is a very new platform and is still in development. Cardano (ADA) may not be fully developed for many years.
Proof of Stake based: Ouroboros is a very new algorithm and has not been battle-tested like Bitcoin’s Proof of Work algorithm.
Functional Programming Language: Plutus is a very new language and has not been battle-tested like Solidity.
Decentralized Exchange: Cardano Exchange is a very new exchange and has not been battle-tested like Coinbase or Binance.

Cardano (ADA) is a very new platform with a lot of potentials. Cardano (ADA) is still in development and has not been fully tested. Cardano (ADA) has some risks associated with it but also has a lot of room to grow.

Cardano Price

Cardano (ADA) was trading at $0.02 per token on January 1st, 2018. Cardano (ADA) reached its all-time high of $1.33 per token on January 4th, 2018. Cardano (ADA) has a market cap of $33,973,494,196 and is ranked number 3 on CoinMarketCap.

The Crypto market is very volatile, and Cardano (ADA) is no exception. So, ADA prices have the tendency to either rise or fall very quickly. The initial investment in Cardano should be considered carefully as the market may not always go in Cardano’s favor.

It is important to always check Cardano’s price live before investing since the Cardano price history is very volatile. Cardano’s price broke when it surged to an all-time high in January 2018 and since then, the Cardano price has fallen below the $0.50 mark.

How to Buy Cardano?

Yes, Cardano is available to be bought on many different exchanges. Cardano can be bought with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many other altcoins. Cardano can also be bought with fiat currencies such as USD, EUR, and GBP.

Another popular way to buy Cardano is with Binance. Cardano can also be bought on Coinbase. Cardano can also be bought on Bittrex, Kucoin, and many other exchanges. Cardano can also be bought with a credit card on some exchanges.

You can also sell Cardano and trade Cardano on many different exchanges. Since Cardano aims to be a platform for decentralized applications, Cardano may be used to buy or sell anything.

In Hong Kong Dollar (HKD), Cardano was trading at HK$0.16 per token on January 1st, 2018. Cardano reached its all-time high of HK$10.56 per token on January 4th, 2018.

Cardano Foundation

A not-for-profit organization that promotes and advances Cardano, a decentralized public blockchain and smart contract platform. Founded in 2015, the Foundation’s mission is to standardize, protect and promote the Cardano Protocol technology.

The Foundation is headquartered in Zug, Switzerland. Cardano Foundation strives to achieve its objectives by engaging with enterprises, academia, regulators, and community members to grow the Cardano ecosystem.

The Cardano Foundation is dedicated to three core values:

Standardization: The Cardano Foundation sets global standards for the blockchain industry.
Protection: The Cardano Foundation protects the interests of the Cardano community by promoting and defending the protocol technology. We also support the development of the Cardano blockchain.
Promotion: The Cardano Foundation promotes the use and adoption of Cardano worldwide. We aim to grow the ecosystem by supporting developers and enterprises to build on the Cardano blockchain.

Future of Cardano (ADA)

The future of Cardano (ADA) is very bright. Cardano has a lot of potentials and is still in development. Cardano aims to be a platform for decentralized applications. Cardano also plans on being the best-decentralized exchange. Cardano has a lot of room to grow and is one of the most promising projects in the cryptocurrency space.

Some of the features they are developing are the following:

Cardano Virtual Machine: Cardano will have a virtual machine that will be able to run smart contracts.
Cardano Decentralized Exchange: Cardano plans on having a decentralized exchange called Cardano Exchange.
Cardano Atomic Swaps: Cardano plans on implementing atomic swaps so that ADA can be traded without a third party.

Also, for the year 2025, they have plans to be fully decentralized. This means they will not be using any centralized exchanges or hot wallets but will start utilizing cold wallets instead. They will also start using sidechains to connect different blockchains together. All of these features show that Cardano has a lot of potentials and is definitely a project to keep an eye on.

Final Say

Overall, Cardano (ADA) is still a relatively new coin, it has only been around since September of 2017. Great news is that it is still early days and there is huge potential for growth. The Cardano coin has a lot of features that other coins don’t have which could make it very appealing to investors.

Crypto portfolio diversification is important and adding Cardano (ADA) to your collection could prove to be a very wise decision. Cardano (ADA) is still in its early stages, so it is hard to predict where the coin will go.

If you want to invest in Cardano (ADA), always measure your investment objectives, Cardano price live, and Cardano network. See for inv