Cardano Future possibilities and features

Cardano’s cryptocurrency ADA Coin (ADA), which was introduced in 2017/9, was hardly seen by traders until the close of the 11th month.But since the time it was launched, the value of the cryptocurrency has jumped by 1,520%.With an estimated market value of $18.8 billion, Cardano is ranked 5th in the world at the date of this article, and it could be said that it is a digital currency with high future potential.

First, let’s briefly introduce Cardano and its crypto currency ADA Coin (ADA).

What is Cardano?

Cardano is a blockchain initiative developed by Charles Hoskinson (Ethernet cofounder) is aiming to “provide a more sustainable and stable blockchain ecosystem for cryptocurrency.” According to Cardano’s official website the ADA is listed as the only cryptocurrency with the “philosophy and scientific approach”. This implies that the open-source blockchain of Cardano has been rigorously tested by academic scientists and developers.

Cardano is a not-for-profit foundation that runs the Cardano blockchain, has also teamed with a number of universities to study and research the entire technology of Cardano. Lancaster University researchers are currently developing a reference treasury model to help find viable funding options for Cardano’s future development.

You can read this article to learn the best way to purchase Cardano.

What is to Ethereum as well as Bitcoin?

Hands with cardano

What’s the main difference between Cardano crypto and other cryptocurrency.

Despite the rapid growth it has experienced within just two months, ADA still remains a somewhat of a maverick when comes to volatile cryptocurrency markets. calls itself the first 3rd generation cryptocurrency, and aims to address scaling and infrastructure challenges that are demerits in Bitcoin, the 1st generation cryptocurrency that introduced the concept of digital coins, and Ethereum, the 2nd generation cryptocurrency that incorporates smart contract technology.Specifically, Cardano aims to solve issues related to scalability, interoperability, and sustainability in the cryptocurrency platform.

The most significant issue is slowing the speed of the network due to an increase in the volume of trading.

Cardano also uses RINA (Recursive Internetworked Architecture) to enhance the network.This network topology was first developed by John Day and enables customized increments to heterogeneous networks.Hoskinson claims he wants to see the Cardano protocol to be at the level of TCP/IP the dominant protocol used for data exchange on the Internet.

Interoperability is related to portability both in the natural ecosystem of cryptocurrencies and in the interface with the existing global financial ecosystem.Currently, there is no way to cross-chain transactions between cryptocurrencies or seamless transactions involving cryptocurrencies and the global financial ecosystem.Exchanges that crash or charge exorbitant fees are the only intermediaries.Various regulations relating to the identity of customers and transactions are moving the cryptocurrency ecosystem further away from its global counterparts.

Cardano seeks to facilitate cross-chain transfers through a sidechain where transactions are made between 2 parties outside the chain.It is also looking for ways to allow both individuals and institutions to selectively disclose transaction and identity-related metadata to make cryptocurrencies available to trade and daily transactions.

Last but not last, sustainability is the development of governance systems which reward miners, as well as an autonomous economic model for cryptocurrencies.

In the near future the protocol will be encoded in the Cardano blockchain, and applications that make use of the protocol, including online wallets and exchanges, will automatically check for compliance as the application is built.Automation can also reduce the amount of time needed to debate and then implement forks.Hoskinson describes this as “the automation of social processes.”

What is Cardano’s market size today?

Cardano’s primary application is virtual currency at present. Cardano posted a comprehensive review of all its applications on its website, including credit management, identification management as well as automated crypto trading as well as Daedalus which is a universal crypto wallet that has the ability to convert crypto-Fiat currencies.

Cardano Foundation, a non-profit organization has created a huge list of partner institutions to enhance algorithms, create new governance structures and create new governance models. Hoskinson says the partnership is mutually advantageous because Cardano’s research projects align academic rewards with the expectations of the cryptocurrency industry.

Does the current value of cardano seem reasonable?

It is true that Cardano’s ADA philosophy is great, but it has the same drawbacks as other cryptocurrencies.That is, there is little to show in terms of implementation.The blockchain was just released in 2017/9, and the limited number of nodes in that network are all managed by the Foundation.

Hoskinson believes that data-scaling efforts in 2019 will result in outcomes. However, certain innovations, such as standardizing protocols, are in the research phase and will be implemented after Cardano’s solution is created.

The argument of some critics is the Proof of Stake strategy could lead to a plutocracy. This is due to the fact that the algorithm is only available to those who have the most stakes.

The cryptocurrency also faces fierce competition from other cryptocurrencies.Litecoin, an offshoot of Bitcoin, is seeking to play a similar role in everyday transactions.Dash, who influenced Cardano’s approach to governance, also has similar aspirations.Ripple may provide a strong competitor to Cardano’s ambition to be a bridge between the existing financial system and cryptocurrencies.


Cardano is a business with a strong strategy and long-term perspective. It is crucial to observe the progress of the visions that will be implemented in the coming years.