Cardano is one of the most popular cryptocurrencies in 2018. The platform on which the coin bases is designed and developed by IOHK and is in conjunction with the University of Edinburgh, the University of Athens as well as the University of Connecticut.
Basically, Cardano (ADA) is a smart contract platform that is very similar to Ethereum and with a similar focus on security through a multi-layer architecture. However, Cardano is special because it is the first blockchain project that is created from scientific philosophy and built on peer-reviewed academic research.
This coin has a lot of advantages. It is built with two layers, the first one called Cardano Settlement layer which handles the ledger balance and then there is the second layer called Cardano Computation layer. The second layer can be used to build decentralized apps and smart contracts. The asset is built based on a Haskell programming language which is extremely secure. Cardano is a blockchain-based platform which allows individuals and financial institutions to make transactions privately without the need for a third party.
The reason why this asset is expected to rise and have a great future ahead is that it is the right mix of regulation and privacy so is the most attractive to all the potential users. The price movements are still more-less determined by the development of this cryptocurrency because the people behind it are still working on it hard. When the updates and developments are done we can expect a rise in the price which will allow for all of us to make some short-term investments by buying and selling. Also, it is highly likely that the price will go up furthermore because of the growth in popularity of the ADA coin.
