Cardano coin, also known as the “Ethereum of Japan” has surpassed IOTA coin and is ranked sixth on the cryptocurrency market. Cardano (ADA) has a market cap of $10.4 billion! While many people may not know where this coin came from, or are wondering how it appeared out of nowhere, ADA has been in the game since 2015. Charles Hoskinson created Cardano and he is also the co-founder of Ethereum. Cardano projects to be the next leading smart contract platform. Cardano has created a new Proof-of-Stake program by the name of Ouroboros. Ouroboros presents more powerful features compared to that of Ethereum. This new method also proposes a deeper look into things such as functionality, efficiency, cost-effectiveness, and speed. The features of Cardano coin are like Litecoin, Ethereum, and Bitcoin all in one coin. Cardano is known as the “Ethereum of Japan” due to almost all of the particpants, 95% to be exact, being from Japan. During the ICO stages, majority of the coins were purchased by Japanese. Cardano aims to research what makes crypto coins lucrative and consists of a team of scientists and researchers who have intensely studied blockchain technology. Cardano also has featured its own digital wallet, called Daedalus. This will be a wallet primarily for ADA coin. Keep an eye on this coin, as it may be the next big thing!
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