SACRAMENTO, Calif. – Cardano (ADA) makes the headlines again as experts predict that it might reach $10 by 2018/2019. ADA is a project that is still undergoing developments, yet it manages to perform outstandingly. Some of its notable features are what investors and experts consider as factors toward this potential breakthrough of this crypto platform.
In the world of cryptocurrency, security is top priority. Cardano uses Ouroboros, which is a proof-of-stake algorithm. This algorithm serves as a protection for ADA from blockchain attacks, which are not good for both a crypto platform’s reputation and users. Ethereum was hit by hackers before, but it is still priced at above $1,000. If so, then ADA, which steps ahead of Ethereum in terms of its security, might indeed meet the expectations of both crypto experts and enthusiasts.
Furthermore, the real value of cryptocurrency lies on how it can be utilized in the physical world. ADA plans on developing a debit card system, which will enable users to make purchases in the real world using their cryptocurrency-based debit card. Not only does this feature impress users, but it can also draw the attention of other individuals. This innovation makes the coin to likely worth above $10.
Further enhancing its security feature is its programming language written in Haskell. This is a mathematical code that prevents bugs from entering the system. Bugs are one of the problems encountered by crypto traders and investors, thus making ADA a potential investment.
While most cryptocurrencies do not possess their own wallets, thereby making investors and traders’ coins susceptible to hackers, ADA has its own named Daedalus. Users just need to purchase ADA from exchanges that list it, and then they can store their coins in Daedalus. This method provides added security for this platform. Higher security features mean higher trust of investors and traders.
With these key features and technology, Cardano (ADA) is foreseen to surpass the progress that it is making today. Investors and traders are looking forward to further developments and improvements for this platform. In a few years’ time, a revolution might be witnessed as this platform raises the bar for cryptocurrency trading and investing.