In the past few years we have witnessed an unprecedented wave of start-ups offering all kinds of solutions for modern-day crises. These start-ups ranged from Javvy creating a hybrid between a wallet and exchange for the consumer on the go to Stroj who have envisioned a world where the cloud is run by a friendly open-source community. One example is Cardano, who are building a platform for smart contracts set to change the world. Just check the Cardano News Reddit.
What Is Cardano
Cardano, whose token is ADA, is a completely open-source project. ADA is seeking to push smart contacts to new heights by bringing forth yet to be seen features. Cardano hold’s high esteem within the world of crypto start-ups as it is the foremost example of a platform to be engineered with scientific principles. Yes, you heard that straight out of Cardano News Reddit, this blockchain tool has been designed by incorporating the latest insights out of academia. Perhaps most interestingly, the development team for the project is comprised of leaders in their respective fields worldwide.
Cardano Vital Statistics
At the time of writing the value of ADA on crypto exchanges was $0.02646 USD. This has been due to the impact that the markets took from flailing oil prices and the mass hysteria brought on by the coronavirus, according to Cardano News Reddit. The total market capitalization of Cardano’s coin ADA is at present 774 694 062.58. On the other hand, the total supply of the coin is seen to be 31 112 483 745.
It is important to note that since Cardano is still in the process of being produced, it is classed as a riskier form of investment. Therefore, this should be factored in before purchasing any ADA tokens. In addition, before purchasing any tokens, it is always valuable to gather research, this can be done by reviewing the Cardano News Reddit.
Cardano In The News
Wanting more privacy is high on everybody’s agenda, none more so than TRON Foundation who announced that they want to protect user transactions. The transactions would be hidden using zk-SNARKS. Cardano is known for previously having researched the technology. However, there has been no further comment in the Cardano News Reddit. Recently Ripple’s XRP surged by 2%, with a few altcoins managing to climb up by 0.2%. Unfortunately, for the moment, both Litecoin and Cardano are in a bit of a lull.
It is fair to say that the crowds are excited to see this research-driven platform being created by Cardano’s team. At the moment there is no news to report in the Cardano News Reddit. Ultimately, time will tell, how things pan out with the platform, what technologies they will use, and how the world will react. One thing is for certain that now as the prices are a little bit more affordable is the time to investigate. Therefore, join the Cardano development team and research away. We can only wonder what the next innovation to come to the crypto market will be.