Cardano is a sleeping giant among all the cryptocurrency projects. It is a decentralized public blockchain and cryptocurrency which is fully open source. Cardano is developing a smart contract platform to provide more advanced features than other protocols.
Here are few reasons to buy Cardano:
1. The team and the methodology
Cardano has one of the largest teams of scientists and engineers. More than 300 people are working full time on the Cardano project to bring it to reality. The team is putting a large emphasis on academic work, with the use of formal methods.
You cannot say Oh I’m sorry the protocol failed and let people mess up or lose their data.
2. Cardano is inclusive
Unlike many projects out there that are thinking it’s your coin or my coin that will survive, instead of pushing other people away, Cardano is building things in a way that is very inclusive.
They built ERC-20 Converter, which is a piece of code that allows other projects to run on the cardano blockchain. How many of you have had to pay outrageous fees to have a transaction processed on Ethereum.
One of the huge benefits is that Cardano will treat other assets like its treating ADA token.
3. Cardano offers a Better staking experience
You probably don’t know it if you have only been using Cardano‘s Staking but most of the protocols out there handle the whole experience around staking very very poorly. When you have ADA, you can STAKE ANY AMOUNT of coin. If you only have ONE coin, you can still participate.
Vision is what transcend people, it is that thing that allow you to feel like you are participating in something bigger than just yourself. Cardano is trying to allow people to get financial identity, in Africa, in the US, France and everywhere else in the world. It will allow everyone to transact and be INCLUDED in tomorrow’s financial system, that’s why Cardano is so powerful.
Frequently Asked Questions (FAQ)
What is Cardano?
Cardano is a proof-of-stake blockchain. It is the first to be founded on peer-reviewed research and developed through evidence-based methods.
Who is the original author of Cardano?
Charles Hoskinson is the original author of Cardano.
Which technology is used by Cardano?
Cardano uses Ouroboros proof of stake technology. Bitcoin uses the proof of work system.