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Cardano (ADA) Is Among The 10 Top Cryptos

KRAKEN:ADAUSD   Cardano
Summary


On April 20, a special event was announced for Cardano (ADA) for today 29th of April, 16:30 UTC.


The event will focus on how Cardano a decentralized blockchain project based on peer-reviewed research and the highly secure Haskell coding language is being used in Africa.


Cardano has become investors’ favorite in recent months and has returned over 570% until now. It has a market capitalization of $39 billion and is now among the top 10 Cryptos.


What is Cardano (ADA)

Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.

With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress. The Cardano platform began its development in 2015 however it went public in 2017. Its creator is Charles Hoskinson, who was also a co-founder of Ethereum (ETH).

Cardano has become investors’ favorite in recent months and has returned over 570% until now. It has a market capitalization of $39 billion and is now among the top 10 Cryptos. The platform’s native token is ADA.
Recent research by Kursat Aydinli of the University of Zurich, Switzerland, says, “Cardano is a Proof-of-Stake (PoS) blockchain initiated and developed by the IOHK Foundation, a technology company specialized in peer-to-peer applications and cryptocurrencies. “Bitcoin has a more costly proof of work (PoW) system.

Blockchain analysts expect the Cardano platform to become a leading name in building smart contracts and creating decentralized applications.

As of March, ADA has become available on Coinbase, the cryptocurrency exchange platform that is expected to go public in 2021. Previously, many individuals traded it on the Binance platform. Now, the supply of ADA is open to a much larger audience, meaning more demand.


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