Cardano operates under the guidance of IOHK [run by Charles Hoskinson who was an Ethereum co-founder] as well as EMURGO which oversees funding. The Cardano Foundation has a critical role in the advancement of “third-generation blockchain technology”. The Shelley Era will be fully implemented by the end of this year [if everything goes according to the set schedule].

Cardano is ranked at #12, below Stellar Lumens but above TRON on coinmarketcap. The price rose at a rate of 5.28% in the course of the past 24-hours. The trading volume recorded is $65.612 million, while the supply has 25,927,070,538 ADA coins in play. At present, the total market cap of Cardano is $1.296 billion. As of this moment, ADA is priced at $0.050016.

Time and time again, Cardano has been approved by Weiss Ratings. Their research-based methodology is top-notch, though some have complained about the slow pace. The Korea Blockchain Contents Association [KBCA] along with the Korea Mobile Game Association [KMGA] have signed a memorandum of understanding with EMURGO. This will facilitate ADA adoption and blockchain awareness in South Korea.

Juan Villaverde of Weiss Ratings ranks Cardano as well as Fantom ahead of Bitcoin [in terms of technology]. Bitcoin has been criticized because of its non-scalable nature and the duration required by each transaction that nears completion. Do note that Bitcoin is a “First-Generation Blockchain” network, so problems can be common.



Please enter your comment!
Please enter your name here