Cardano, which was created by the development company IOHK, is an infrastructure that supports the token called ADA. The CEO of IOHK, Charles Hoskinson is also the co-founder of Ethereum.
Cardano uses a new type of Proof-of-Stake algorithm called Ouroboros, making transactions fast and highly secure. It will also be, like Ethereum, a platform for smart contracts and decentralized applications.
ADA is the cryptocurrency used on the Cardano platform for transfers or payments, and already has its own wallet (Daedalus). The project will improve, with the Cardano Credit Card coming soon, as well as the opening of some 20 distributors allowing the purchase of ADA in Japan.
ADA price in October 2017
After reaching 1.75 INR on October 18th 2017, it fluctuated to market trends and finally reached 1.96 INR on 31st October 2017.
ADA price in November 2017
ADA started from 1.49 INR on 1st November 2017 and fluctuated over the weeks to reach at 8.00 INR on 30th November 2017.
It was in November 2017 that ADA was listed on Binance and the team was receiving rave reviews and testimonials from leading crypto magazines across the globe (Forbes, Bitcoin Magazine). Most importantly Barcelona had agreed to consider ADA as a mode of payment.
ADA price in December 2017
The ADA went live on a Korean exchange named Coinnest. ADA was made available in Japan's ATMs and the team partnered with Z / Yen Group's Distributed Futures to research blockchain and AI, also they announced that they were developing a smart contract platform with advanced features led Cardano(ADA) to list among the top 10 cryptocurrencies in 2017. And at 8.44 INR on 1st December 2017, ADA finally reached 49.01 INR on 31st December 2017 which was a tremendous consolidated spike.
Cardano (ADA) is a recently created cryptocurrency, to be exact in October 2017, by the well-known Bittrex platform. This is, a cryptocurrency exchanger that has been working since 2015 and is now known as Cardano (ADA)
More Features about Cardano
When new cryptocurrencies are born, their developers emphasize the improvement of the technology that supports other currencies already in force. We have the case of Bitcoin Cash (Bifurcation of Bitcoin), Ripple (improvement in the time of transactions) or Dash (improvement in privacy).
Cardano is a Cryptocurrency created to improve other cryptocurrencies, in this case the Blockchain technology that Ethereum uses. In fact, the founder of ethereum is fully involved in the development of Cardano and its ADA Cryptocurrency.
According to the creators on their website, Cardano is one of the first platforms inspired by the scientific thesis and is focused on research. In this aspect, it is unique and exclusive.
Broadly speaking, the 2 main characteristics of Cardano are the following:
New algorithm: The Blockchain network of the BTC presents more and more obstacles, that is why Cardano has introduced a new algorithm that lacks miners. A new participation test algorithm called "Ouroboros". This protocol guarantees the maximum possible security on the platform.
New generation of smart contracts: The new developed language will make Cardano become the new platform for smart contracts, even surpassing the pioneer in this field, that is, Ethereum.