Cardano (ADA) is a decentralized, open source blockchain project from Input-Output HongKong (IOHK). It was launched on 29 Sept 2017. They are developing smart contracts which take cryptocurrency to a whole new level. According to them, Cardano belongs to the 3rd generation of cryptocurrency which solves the problem with Bitcoin and Ethereum.
So, what differentiates them from other crypto coins in the market? It is their approach to the problem. They put their academic work and let it go through the peer review. This is very different from other ICOs which are just want to get started with no real-world testing or knowing that their idea will work in real-world scenarios. Their approach is unique and banks on the idea that there is no future failure.
Charles Hoskinson, one of the team members from Ethereum is part of the Cardano. This gives the project a clear backing form a prominent member of the cryptocurrency community.
Should you invest in ADA?
In such as short time, it has increased exponentially in the past few weeks. However, it has shown some resistance to the current price, and I think this is the best time to buy. It is also holding strong around the current value.
Considering all the factors and the fact that Cardano is not marketing their campaign so aggressively, it is performing nicely. So, should you invest in it? Probably, yes. But please do not take this as an investment advice. As everyone say #DYOR.
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