Cardano was designed to be an all-in-one cryptocurrency. Its goals are incredibly ambitious, but there are a lot of issues Cardano will need to overcome to achieve these goals.
$0.3353 USD at the time of writing.
Ethereum is considered to be the second generation of blockchain. This unlocked the real potential of blockchain technology in the form of smart contracts. Cardano might be the third generation, and it was specifically designed with the aim to offer all the functionality while overcoming the problems other currencies have encountered.
All software needs to be updated over time and cryptocurrency is no exception. But because cryptocurrency is usually decentralized, it often needs to be updated through forks. Cardano’s ADA avoids this since it can be upgraded with “soft forks” instead. These are backwards-compatible updates, and users can decide for themselves whether they want to implement them.
The initial launch of Cardano does not offer smart contracts or many of the other features on its roadmap. Until they’re available, there are no guarantees that Cardano can achieve its stated goals.
Ethereum is planning to introduce a more efficient proof-of-stake mining system, while bitcoin is set to become compatible with smart contract add-ons in the future. You will need to decide whether the growing functionality of dominant existing coins, as well as brand new ones, might draw people away from Cardano. There’s also the more practical question of whether the world really needs or wants Cardano.
By weighing both the disadvantages and advantages, and looking at recent price fluctuations, we can determine that if there is be growth for Cardano, then it will be very moderate for 2018.
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