We are all experiencing the hype of the market upturn (yeah, the last 24-hours haven’t been that good again, but neither not that bad), and that’s precisely the reason why we are starting to look for options that may represent the best acquisition in terms of profitability.
In this sense, one of the crucial facts to consider to bet for the right candidate is the network or blockchain platform behind the asset, and it worths to mention that the stronger the platform, the higher the chances of ruling the market at some point.
With relation to this, one the best examples of the above mentioned is Ethereum (ETH), the second largest cryptocurrency of the market, or as it is called often in the sector, the silver of the crypto world. Ethereum has become the preferred platform for the launch of ICOs and smart contracts, and this has represented a great opportunity for the token in terms of adoption.
However, does the Ethereum platform has something to improve? Sure it does! And that’s precisely what Cardano (ADA) is aiming to attack. Most of the problems of the blockchain platforms center on scalability, interoperability, and sustainability, and that’s mainly what Cardano (ADA) has envisioned from the beginning.
Charles Hoskinson, the CEO of the crypto has carefully designed a platform full of research that aims to be a great option for holding smart contracts, dApps, and ICOs, but also, the solution for some of the most outstanding issues of the second generation of cryptos.
To say the least, Cardano is eager to transform the sector with strategies never deployed before. In fact, Hoskinson is also envisioning to develop a solution for communications between crypto networks and external financial institutions such as bank entities.
With respect to this, it is well known that because of the crypto nature, all of the tokens are decentralized and private, and this has represented a serious issue for many entrepreneurs that over the last two years have been having problems with bank institutions that require an explanation of their ICO funding.
As a response to this, Hoskinson is working as well in the creation of a network that allows both financial worlds to carry communications fluidly without interfering with the essence of the sector.
Furthermore, Cardano plans as well to explore new markets such as Africa, and Central and South America.
In fact, the crypto is willing to displace M-Pesa as the preferred payment platform of the African region. M-Pesa is a mobile application that was launched in 2007 in Africa to allow citizens to transfer money, ever since then it has been the preferred solution in this matter.
Conclusion
Without any doubts, Cardano (ADA) is a game player, and we can all be sure that Hoskinson will work tirelessly in the seek of the best solutions for all of the issues that the crypto world faces now. At the moment of writing, Cardano (ADA) places number 9th in the charts, with a price per token of $0.104. Would it climb any soon? Not just one or two but multiple things hint so, stay tuned.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.
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