Cardano: Slow and steady wins the race?
Another new coin on the block? Yes and no.
Yes, ADA only arrived at the crypto market since October 2017 at 0,02$ and reached 1,20$ by January 2018, yet after the correction it still is at 0,48$. No it is not new because it has been worked on for 3 years now.
@Charles Hoskinson, former #Ethereum developer, has a vision to build #Blockchain: the next generation. Seeing Bitcoin as blockchain 1.0, Ethereum as blockchain 2.0 and thus making Cardano blockchain 3.0 Hoskinson boldly stated Cardano will be better than the 2 biggest crypto’s within 6 months to 1 year. So what makes him so sure of his case? The technology behind it is written from scratch by the best of the best mathematicians, professors,… you name it. He says they are eradicating every flaw Bitcoin and Ethereum has. Because the engineering team started from nothing, the codes are unique, the freedom to do what they want is unlimited buuuut it also takes a lot of time.
Even though it is time consuming, time is what works in their advantage. Cardano wants to stick around, the development has to be solid so it sticks around for at least 50 years. And they want you to stick around too, because they want your input. Hoskinson wants this project to develop organically by using a democratic governance system. He wants to set the basis for the real decentralization by implementing it on a democratic system, wanting to play an active role in developing countries offering Cardano completely open source and patent-free. Quite a utopia I would say.
A wise man once told me there is a difference between a genius and a madman: money. With a market capitalization of 10 billion dollar they are doing pretty well. ADA is very versatile and their wallet Deadalus being the most encrypted wallet that can be installed on any computer or smartphone. So all lives long and prosper? In the future maybe, because right now nothing is actually happening yet, like most of the newly hatched coins.
So what to do with this blockchain developed by a large international team of experts that evolved from a scientific philosophy? We do the waiting game and watch the dream become reality? Personally I would go for it because they are the odd one out, they don’t do things hastily, they build it from the ground up, they have a vision that reaches out further than being omnipresent on the many exchanges and Cardano has a plan for the long-haul.
Credit for this wonderful article, the talented: Marieke Greveraars from the cryptocurrency alliance BE
Link to her Linked in account: https://www.linkedin.com/in/marieke-greveraars-2171b818/
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Blockchain news: https://www.cryptovalleyisrael.com/crypto-money-news
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