Cardano (ADA)

Some say Cardano is an “Ethereum killer”. Cardano is capable of smart contracts, is proof of stake, fast, and cheap. Cardano is many things Ethereum is trying to be.

Cardano does not have many decentralized apps built on its platform yet, so it has a long way to go before it kills Ethereum. If Ethereum doesn’t roll out Ethereum 2.0 soon, then developers may start to use Cardano instead.

Cardano is “the first blockchain founded on peer-reviewed research and developed through evidence-based methods.” The team at Cardano has taken its sweet time to ensure that the platform is as perfect as they can get it.

Many people believe in the team’s research and their dedication to perfecting the underlying technology. There is a growing fanbase of people who think Cardano will be around for a very long time.

In September 2021, Cardano launched the blockchain’s smart contract capabilities, which accounted for its price hike and some FOMO earlier in the year.

ADA is the native token of Cardano. The crypto is named after Ada Lovelace who was a 19th-century mathematician and the world’s first computer programmer.

Anybody who holds ADA can delegate it and receive staking rewards. Staking ADA helps to run the Cardano network.