400% profit in a week: the mysterious tokens Cardano rushed to billions

400% profit in a week: the mysterious tokens Cardano rushed to billions

Lately all eyes are on Bitcoin, as the cryptocurrency’s number one for the first time topped $ 10,000.

Its market capitalization has reached 185 billion, and its share in total market capitalization of cryptocurrencies is 55.2%. The total market capitalization of crypto-currencies exceeded 335 billion.

Along with a Bitcoin increased cost and lesser-known cryptocurrencies Cardano (ADA). In the last 24 hours, the market capitalization increased by Cardano 142.41% to $3.5 billion.

ADA ( tokens cryptocurrency Cardano), which is currently produced 25.9 billion and the maximum will be 45 billion, in the last week increased in price from $0.03 to $0,14. At the time of publication of this article the price is $ 0.12 each.

Cause of rising prices is likely to be regarded as another announcement of roadmap for this weekend. It is noteworthy that Cardano has partnered with a leading company in the development of cryptocurrency IHOK and his team of scientists and cryptographers is co-founder of Ethereum Charles Hoskinson .

Another factor that influenced the growth rates for Cardano, was the creation of a new trading instrument with Ethereum at the exchange Bittex. Some of the supporters of the cryptocurrency I think that its technology is better than technology Ethereum, and therefore it will eventually prevail.

According to CoinMarketCap, a token Cardano ADA currently traded only on two exchanges, and most of it is accounted for by a couple of ADA / BTC from Bittrex.

The surge in the price of Cardano allowed her to take a place among the top ten cryptocurrencies and exceed NEO, Monero and Ethereum Classic. Considering her sudden rise too, most enthusiasts of the cryptocurrency world, probably, not even knew about its existence, not to mention the potential to get in the Top -10.

What is the currency of Cardano?

Cardano is the blockchain, which works as crypto currency and platform for smart contracts. Development began in 2015 with the aim to create “the first blockchain-a project that will be developed with the scientific and philosophical approach.”

Cardano offers users a new algorithm for consensus developed in the last two years. It is based on the algorithm proof-of-stake known as Ouroboros, which protects the blockchain from massive attacks, allowing developers to compile reports and improve functionality. Оuroboros facilitates the creation of Saidjanov and allowing the network to continue to protect the confidentiality and security of its users.

Another goal Cardano – a platform for smart contracts. The developers have created a new functional programming language known as Haskell, which is based on a mathematical approach that allows you to “write more secure and reliable way.” There is still Plutus – “strongly-typed pure functional programming language that is used to describe smart contracts in Cardano “. It is hoped that this approach to programming will reduce the number of errors in the past led to many financial losses.

In addition, Cardano is planning to release a debit card ADA , which can be replenished through the purse Daedalus.

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