What’s a crypto enthusiast to do when the market is down?
When considering long-term gains, there might be a few coins worth investigating during the dip. Cardano (ADA) and EOS are backed by intriguing projects that may be worth researching while the market settles.
Source: CardanoLike any crypto, Cardano is looking to provide secure and scalable transfers of value. The goal of Cardano is to build a decentralized economy and to democratize finance in emerging markets. Decentralized applications, or dapps, can be built up from Cardano’s platform via low-cost, secure, and scalable means.
One of the main differences behind Cardano is its openness to regulation. Most crypto is anti-regulation in nearly any form, with some exceptions, but Cardano stresses the importance of regulation while still maintaining the privacy of consumers. As volatile as the crypto market can be, this may not be the worst concept out there, although it is a hot topic that most people have a sTron (available on Binance)g opinion about.
Cardano is about collaboration. It is backed by three institutions: the Cardano Foundation, Input Output HK (IOHK), and Emurgo.
The Cardano Foundation supervises the development of the Cardano project. The Foundation deals with many of the business ends of the project, including interactions with the community and regulatory bodies. IOHK, an engineering and technology company, is building the Cardano blockchain. IOHK is set to continue working on Cardano until 2020. Emurgo is in charge of helping, integrating, and fostering Cardano blockchain applications.
Cardano is an ongoing project that’s major claim to fame is that it has evolved out of “a scientific philosophy and a research-first driven approach.” Cardano’s development stems from peer-reviewed academic research. The platform uses a proof of stake algorithm called Ouroboros. Ouroboros has mathematically been proven to be secure and, according to Cardano, is comparable to the Bitcoin (available on Coinbase) blockchain.
Evolution and ADAptability are both important factors to Cardano. Recognizing that a system needs to be able to evolve, Cardano was designed to be updated via soft forks.
According to IOHK, “the Cardano ecosystem is developing out into the most complete and most useful cryptocurrency ever constructed.”
Do you agree?