Cadano being 7th on the crypto list hold the market cap of around 7B$, which was 33B$ in December when the cryptocurrency on the boom. Cryptocurrency and tokens including are considered to be a bubble by a lot of people and they are proving the fact based upon these market dips.
People Don’t want to know about the technology behind it, they see Bold Figures.
The token like EOS, Cardano and few many have very strong technology behind it. You should know the fact that due to the indulgement in cryptocurrency, the volatility is most come thing.
The upholding of the technology is strong enough that if you came to know about it, you couldn’t resist to buy it.
I’m not saying that all these tokens have the strong technology. Fake ICO’s are well popular in the market because they show some fake technology behind and make invests believe in them.
Cardano is laid on consolidated technology with growing audience.
But what fascinating about the Cardano?
It is titled by many as the first crypto-project born from a scientific philosophy based on academic research, peer-reviewed work and software developed on open source standards.
A being a token, it could be actually used to send payment on the platform from one to another. Cardano uses the cryptography to send the direct payment on the distributed ledger.
The platform of cardano is being constructed in layers which actually beneficial for the maintenance and soft forks. These individual layers hold the smart contrast and transactions respectively.
As a part of cryptoshere, cardano is decentralized mean no one has control over the platform.
The platform also has the capability to run the Decentralized apps or Dapps, which is performed on the blockchain.
The e-Wallet named as Daedalus gives users the ability to activate decentralized applications within the cryptocurrency’s Blockchain.
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