SOMETHING ABOUT CARDANO (ADA) CRYPTO CURRENCY

Cardano (ada) is a decentralised public blockchain and cryptocurrency project . 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.

Cardano (ADA) is the newest coin to take its place among the top 10 cryptocurrencies ranked by market capitalization, currently sitting at number 5 with a market cap worth of US $4billion. ADA found itself firmly in the top 10 after a hugely impressive year 2017 in which it rose from a low of 338 satoshi to a high of 8,690. It’s currently trading at just under 2200 satoshi, for a growth of over 2000% against Bitcoin.

Cardano is a project that was started in 2015 to change the way cryptocurrencies are designed and developed. First generation of cryptocurrency was Bitcoin,Bitcoin was a quality solution until its scalability issues started to rear their ugly head in. Bitcoin block size and frequency are limited so the amount of transactions per a set period of time.

All these previous generations came with governance issues, The realization set in that something new is required, something that will be able to scale up to millions of world-wide transactions per second while keeping the fees low and energy expenditure almost non-existent. Enter third generation of cryptocurrency.

Cardano is coming under third generation of crypto currency after Bitcoin and ethereum cycle.
It has some features

1- Bitcoin having 7 transactions per second and Ethereum allowing 20 transactions per second. A commercially viable blockchain needs to be able to handle throughputs of hundreds of thousands, even millions of transactions per second and cardano doing it.

2-Data is stored on the blockchain forever. Every new piece of data will increase the size of the blockchain. And cardano doing this.
It's an incredibly ambitious product with a strong team and tons of buzz.

Cardano claims it will solve most of the issues that plague well-established cryptocurrencies such as Bitcoin and Ethereum. Bitcoin isn't flexible enough, and transactions on its network are currently slow and expensive due to protocol limitations and overwhelming demand. Ethereum is far more flexible, but it's not safe or scalable yet.

But Cardano has very secure code, It claims to be fast and scalable proof-of-stake technology. It's written in Haskell, a programming language that's typically used in critical systems in the banking and defense industries. It provides interoperability between existing cryptocurrencies. And finally, it offers long-term sustainability, by using a sort of cryptocoin treasury that can fund projects long-term.
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