Cardano is one of the platforms that stand out with its approach, team and technology, although it is not a complete technology in the blockchain frenzy where new blockchain start ups and coins are launched every day.
The Cardano platform made a rapid entry into the market in 2017 after a 4-year history and became the market leader in Coinmarketcap’s top 10 ranks. The platform focuses on high-security distributed applications and smart contracts; in this respect, it can be likened to the Ethereum he is a follower of. But Cardano is often described as the 3rd Generation Blockchain, with a scientific philosophy based on academic research and a more powerful and new technology.
Cardano is an attempt to find a balance between privacy, decentralization and regulation, and to provide its participants with a safer and more convenient technology. Using the Haskell programming language, one of the safest program development languages, Cardano is powered by its layered system to make its system more flexible and scalable. The layers in the Cardano system allow updates to be performed without hard fork.
The Cardano system stands out as a much easier and more secure system to update and is considered among the projects that could open a new era after the problems experienced by Bitcoin and Ethereum. Cardano has a billable and accountable advanced architecture that is compatible with governments and their regulatory approaches; this makes Cardano important for the potential future of the blockchain that states will embrace.
Behind the project and the idea is a strong team divided into 3 sections, each with specific responsibilities:
IOHK – an engineering and technology company founded in 2015, responsible for the implementation and development of the platform. One of its founders, Charles Hoskinson, was one of the founders of Etherum. For the time being, they signed an agreement with Cardano until 2020.
The strategy and investment-oriented part of the Emurgo-Cardano project is responsible for the implementation of partnerships and technology. Emurgo; It has research and development centers in strategic locations such as the Philippines, South Korea, Vietnam, and Japan.
The Foundation – The Cardano Foundation in Switzerland is interested in monitoring the development and progress of the project and standardizing, protecting and promoting Cardano Protocol technology.
The coins of the project use the abbreviation ADA. ADA is quite generous in terms of the amount of coins released. Nearly 26 billion ADAs are on the market. The total and maximum number of tokens are even greater.
The wallet of the Cardano project is called Daedalus, and ADA investors can download and store their coins in this wallet. The safest crypto wallet, Daedalus plans to support other tokens in the future.
During the ICO period, the ADA and Cardano project, which was distributed with pre-sales of $ 0.024, raised $ 65 million. ADA, which saw record levels of $ 1.30 in early 2018, is now at $ 0.15. ADA Bittrex can be bought and sold through crypto currency exchanges such as Binance.
ADA also recently signed an agreement with Metaps Plus, a South Korean based payment platform. The agreement is expected to increase the use of ADA coins towards the end of the year.
Another recent Cardano agreement was on agricultural technologies with Ethiopia, the African country. According to the partnership agreement signed in recent months, Cardano will train blockchain experts in the country and Cardano will use the country in the field of Agri-Technology. Although the agreement does not have legal binding, it will be a test area for both sides.
Cardano CEO Hoskinson has also held talks with Google in recent weeks, and it is estimated that we may witness potential agreements between Google and Cardano in the near future.