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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.

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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.

 

Though the crypto market is still relatively new and lacks many of the traditional institutions of a civilized market, there are projects on the market that seek to indemnify or mitigate the associated risks that investors take when deciding to invest in projects. Cryptics is one such project that seeks to offer the necessary instruments for alleviating the situation with uncertainty. The concept behind it is to support market participants by providing liquidity on exchanges and a safety cushion for retail investors by creating a platform that connects market players and develops algorithms to predict changes in the value of cryptocurrencies. Such instruments based on highly advanced scoring models involving machine learning and AI are incomparable with human intuition that even the luckiest and most prudent investors could ever be endowed with. The multitude of factors involved in predicting a cryptocurrency’s rise or fall are all taken into account by the algorithms that Cryptics employs. Investors should consult such projects as the expense is well worth the ensured profit and peace of mind.

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