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Cardano Coin Review


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Cardano was created by Charles Hoskinson, Ethereum’s co-founder, in September 2017. Like Ethereum, Cardano has also been developed as a platform for decentralized apps and smart contracts.

Like EOS, the difference between Cardano and Ethereum lies in the many technological improvements it has made over Ethereum’s technology. Cardano is being considered as the 3rd and most advanced generation of blockchain technology yet (just as EOS and NEO are), making it one of the top 10 cryptocurrencies of 2021.

Pros of Cardano

Cardano is supported by an academic community of global researchers and scientists contributing to its blockchain development.
Cardano is much more scalable than Ethereum with a current capability of 257 transactions per second.
Cardano intends to bring about Interoperability meaning that it can interact with different cryptocurrencies and their infrastructures in a seamless manner.
Cons of Cardano

A lot of ideas that have been proposed by Cardano are yet to be developed into the final product. So, it remains to be seen whether they will be successfully achieved or not.
There is already huge competition in this space, from Ethereum to EOS and NEO to Fusion.
Historical performance

In spite of being a very new cryptocurrency, Cardano has shown exceptional growth and reached a market capitalization of $9.35 billion.

Cardano grew from about $0.20 in October 2017 to touch a price of $1.20 in January 2018, giving a return of about 500% in 3 months. Like other top 10 cryptocurrencies, Cardano’s price crashed in March 2018 but it is now showing signs of revival.

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