Cardano is an open-source digital cryptocurrency . It is also an exchange and a platform to host financial applications for public and private organisations within its blockchain infrastructure.


Our Take

Cardano (ADA) is a cryptocurrency platform and coin for digitally transferring payments. Sounds familiar to Bitcoin? This is different.

Cardano started in the year 2016 by the Cardano Foundation. It is a company that helps procure business ventures and carry out blockchain development. They aimed to provide open-platform privacy and security oriented cryptocurrency investment opportunities to people who was reluctant to invest in existing coins like BTC or ETH. It was not an easy venture to pursue for the developers. To create a coin that is secure but hosts miners and programmers worldwide was next to impossible. Cardano needed a good tech team with experienced developers. To execute a successful ICO in such a volatile and populated market was a tough bet. But the team that runs ADA was equipped to succeed as it founded by famous personalities from the crypto world. Jeremy Wood is a co-founder of ADA. Previously have been on the development team for Ethereum, he decided to quit his job to partner up with Charles Hoskinson ( also an ex-member of the Ethereum p2p development team ). Cardano was built from the roots of the second largest cryptocurrency in the world, with two of its team members heading the project. The direction was to become a better Ethereum, which was a tough target even in the longer run. So the team members acquired two powerful partner-companies; Emurgo and IOHK.

Emurgo helps develop contracts in entrepreneurial ventures for its partners. Along with a financial support system, ADA was in the works to get armed for the market. Pre-mining began in late 2014 while the company gathered more support. Now that the financial side was covered, the technology had to be developed. A good tech team was required to do this. The team was successful in developing a infrastructure upkeep system to independently support the coin.

This is the point in Cardano’s development stages where it helps integrate the birth of another company within itself. Hoskinson and IOHK go hand in hand in Cardano’s successful launch story. IOHK and Cardano were developed simultaneously. IOHK became the fallback system for ADA. A backup infrastructure system that supports the coin while it trades through another blockchain platform [ Ethereum ]. This makes sure that the block-miners, buyers and sellers have complete autonomy while on the network. Transactions are ensured to have privacy even if the coin in de-stabilising in different exchanges. Making fast trades to avoid waiting for a stop-loss mechanism to occur is important for the system.

The block mining of this platform had to be completely different than that of BTC. This coin offering was meant for investors who were not interested in cryptocurrencies because of BitCoin’s private-blockchain which made it reserved . This coin also became a good option for investors who wanted a quick investment prospect. An open-source blockchain platform allow Cardano to enjoy the benefits of sudden price hikes down the line. Breaking price resistance in a volatile market was important to achieve for the team.

Cardano was first traded on 29th September of 2017. Within two years of the funding round, Cardano was circulated through trading. Each token was distributed at a price of $ 0.0216 per unit. With 21 billion tokens being circulated initially, the coin took off in value. Even though the price of the coin did not skyrocket, it maintained a gradually increasing trend over the past 7 months. Cardano Foundation is in charge of the 45 billion tokens that are to be released in the coming 5-10 years.

The Cardano ICO received $ 62 million as the sum of initial investments. It was able to gain investor confidence due to its strong links and reliable partners. It presented the right product, to the right audience; the working class of the world. It was able to release a coin that follows a risk-minimizing philosophy. After almost 8 months of observing a moving graph, let us talk about the prices in real-time. Cardano has only crossed the 1 $ price bracket once on the 4th day of 2018. As of May 13 ADA opened trade at $ 0.27, which would be more than 10 times its closing value on the first day that it was traded. The current market cap of Cardano is roughly 6.8 billion.
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The Competition of Cardano


Should you Invest in Cardano?

Now that we have looked into the history, development and technology that surrounds Cardano (ADA), let us look at a few reasons why you should consider it as your next altcoin investment.

#1 Value

At a moving average of $ 0.25-0.35 throughout the first quarter of 2018 indicate an upper-bull trend. The sudden price hike that crossed the price barrier over $1 was a phenomenon all potentially successful cryptocurrencies face. Situations like these are big windows for profit-making. At today’s date, Cardano has already grown to 10 times its value in token prices. There is still a window of opportunity to make an investment and wait for the next price hike. Short term investors can make sizeable profits even on shorter price anomalies.

#2 Haskel

The language that is used to program, distribute and develop the coin is known as Haskel. It is a newer, more efficient programming language. It makes sure that the codes are layered and every transaction is automated. Automated transactions mostly compromise on security. To stop hackers from compromising the infrastructure of the coin, the haskel language helped the developers build a strict security protocol to initiate ping on the blockchain system if any red flags arise during transactions.

#3 Ranking

Cardano (ADA) currently holds the 6th best position of potentially great cryptocurrency investment options. It has also been on the 5th position of highest traded cryptocurrencies and still holds the top 10 ranking. It is a coin that trades in real-time, with an actual business model to support its technology and finance. It is not a scam like so many ICO’s today, that present revolutionary business ideas and then disappear with the funding.

#4 Opens up the Market

The whole world has been watching while cryptocurrencies have grown explosively fast as an industry. People who want to make safe investments have been reluctant to get in on this volatile market. At such high potential of growth and such a low entry point to the market, Cardano has opened up the cryptocurrency market to many investors who had previously avoided disposing sizeable capital in BTC/ETH/LTC because of their extensive values. You can buy 200 shares of ADA at roughly $52 today. A low entry point in the market combined with such a big circulation amount is inclining lots of investors toward this coin.

#5 Metaps

South-east Asia and South-Korea are major markets in the modern world. They have rapidly developed in technology and all their economies have flourished. An online payments service called Metaps has huge circulation throughout asia which has partnered up with Cardano to start accepting payments in ADA tokens. Efficient e-wallet storage and acceptance as a payment medium will enable Cardano to shoot up in value in 2018 if all goes as planned. Metaps will openly accept ADA tokens throughout their online platform which makes it a virtual currency which can be used to buy products directly. This will allow holders to purchase groceries, and other everyday essentials using their e-wallet and stored ADAs.

#6 Diversification

The Cardano infrastructure is improving every second. The developers have planned a series of updates to the infrastructure that divides the cardano peers to different segments and layers. This allows faster data processing, shorter transaction times and a more secure asset management system.

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How does Cardano Work?

Cardano aims to develop a working system which is in accordance with their long term platform development plans. It hopes to offer a cryptocurrency which everybody can trade. Since the price barrier is so low, and the market cap is so high, the coin has some unique attributes which supports its operation. The system is built in various levels of the infrastructure which makes this a very advanced system. The e-commerce applications are processed on secondary data tunnel. The mounts of the derived blockchain are organized to define the technological and the financial aspects separately on the system.

This is different from Ethereum and Bitcoin; at the same time, it learns from all the best coins. It uses an Ethereum-based blockchain with a seperate system backing by IOHK. Cardano is truly aimed at making business transactions and purchases through your online e-wallet. The company behind this project have succeeded in payment medium development in Asia. Providing both private and public keys for each transaction to the buyers is another security measure that is set up by the distributors.

The finance and asset management of the company is looked after by Emurgo. With two organisations operating finance and technology for this platform, it supports the coin to trade successfully. Not only does this assure a gradual increase and an upward trend in value of the coin, but also increases its transactability across the world as a payment method.

Cardano processes transactions using a blockchain that is based on the Ethereum blockchain architecture. It is a coin based on the theory of secure cryptography. The ADA ecosystem gives you a choice to reserve information from sellers and buyers in the market. You have private transactions which are safer. This model can be seen in Dash, QTUM and some other coins. However, ADA uses an open-source blockchain, with a proof of stake (PoS) model. This model helps enhance privacy features and make sure the exchange of assets is done according to terms agreed to prior the transactions. It is a secure coin and it already has an operational business model.

Charles Hoskinson, one of the co-founders of Ethereum transferred from the Ethereum Core team to work for the Cardano Foundation. Hoskinson simultaneously runs IOHK, a company that is in charge of development and distribution of the Cardano coin (ADA). It is based on the Ethereum technology, in the sense that is is open source. However, there are fundamental differences in how both the coins work. Cardano aims to take forward the cryptocurrency trading market like Ethereum did some time ago. Ethereum brought about an open-source blockchain to provide a more flexible alternative to bitcoin which used private mining networks at the time.

Hoskinson and the rest of the team behind ADA believe in revolutionizing the crypto-world past open-source blockchains. The next step is top notch security without removing the option of open-source block-mining by programmers all over the world. Achieving this would require a change in the basic working system of data exchange during real-time transactions. The ethereum blockchain by default uses a Proof of Work (PoW) system to carry out transactions. It requires seller and buyer details to establish a proof of engaged parties. Traders who require privacy have a lot of resistance trading in Proof of Work systems. Not to mention, the PoW system is not as safe as PoS system. Secure cryptography is a risk minimizing factor in this volatile market. Making sure your transactions are safe is a boon for any coin. But being able to mask transaction and the transacting parties’ private information is an unforeseen prospect of cryptocurrency trading. Ever since the emergence of altcoins (alternative cryptocurrencies apart from BTC), secure and private transactions have been a USP for many newer coins entering the market in these past two years. Some of those coins being Dash and Monero. However, these coins have independent blockchains. ADA trades on the world’s number 1 open source blockchain (Ethereum) which makes it reliable. The Ethereum blockchain infrastructure has been called the ‘Microsoft’ of blockchain computing several times. Cardano plans to take this revolutionary blockchain infrastructure to the next level by trading a secure and private coin on this network. World-over mining with world-class security solutions. Now that we know the basics about Cardano, let us look into how it came into existence, and how it became what it is today.

1) Ethereum Classic: Ethereum Classic is the cryptocurrency which was born from the hard fork stop-loss mechanism executed during the ‘Ethereum Flash Crash’. Ethereum Classic shares most features with Ethereum. It is built on the same blockchain and both the coins use smart contracts. It is a good investment option. On its first day Ethereum Classic traded at $ 0.75 and within 3 months it reached a peak of $ 45.6 ( source: )
The availability of smart contracts allows Ethereum Classic to have the benefits of Ethereum without having the high market cap volatility of the original coin. However, the Ethereum DAO hacker is currently unknown and holds 3.6 million of the circulated coins. That means there is a serious risk to the other asset holders if the hacker decides to cash out and sell his assets.

2) NEO: NEO is often called the ‘chinese ethereum’. It is a private and decentralized platform to hold, buy and sell assets. It is open to block miners and programmers as it is open-source. It also has support for older programming languages. Being open to more languages allows more traffic on the network infrastructure. It has crossed the $ 5 billion market cap milestone by the end of 2017, making it one of the top trading coins of all time. NEO currently trades at $ 65 as of May 13 2018. It has future potential of crossing the $ 75 mark and hiking in value by a substantial amount. However, Cardano is much more advanced when it comes to masking transaction details and handling security.

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3) QTUM: Using smart contracts to initiate business applications, QTUM is an advanced cryptocurrency platform and coin. Combining the best features of Ethereum and Bitcoin, this coin takes smart contracts and open-source blockchain development to the next stage. However, Cardano edges out QTUM when it comes to technology and development. Cardano is updated frequently and the updates are shared and the investors are notified in the community thread. QTUM has very efficient private subnet masking and identity protections for parties engaged in crypto trading. With approximately 73 million coins in circulation, QTUM is sure to rise in value. But it has a volatile bullish trend which makes long term investments better until all the coins are circulated completely.