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Review on Cardano by Emem Eseme

Revainrating 3 out of 5

Cardano is a home to Ada crypto currency

.cardano is a new crypto currency platform that was launched in September 2027 after more than 2years of development. it is rather different than other crypto currency project because it is build round pre review paper and implementing it straight to code the cardano make sure the expert from around the world read their papers improve them then agree with the out come.



cardano is the 3rd generation of crypto currencies the first generation was bitcoin and the 2nd generation was ethereum the third generation is cardano &IOTA to improve the world of crypto exchange.



Ada is a currency used on the cardano blockchain in other words cardano is a home to the Ada crypto currency, while the cardano blockchain can be used to send and receive Ada it also hold smart contract and application .cardano founder is Charles Hoskinson and Jeremy woods were instrumental to the early day of the Ethereum in 2013 cardano smart contract operate differently.

Ada is a proof of state coin that fills cardano it purpose is to provide a quick, secure and transfer value and to allow users operate smart contract and application.

Pros
  • Anyone that holds Ada is a stakeholder
  • It allows users to deposit money
  • No extra fees charged
  • It provides quick and secure transfer value
Cons
  • Not well recognized

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