Cardano: 10 Reasons ADA is the Future 🚀
In this video we are discussing cardano Everything we like about it why we feel That it’s got a massively Huge future even as it’s hitting All-time highs we still adamantly feel That ada’s best days Are ahead of it we’re also going to be Discussing the team behind Cardano charles hoskinson and those that Have made the project what it is today Will also be highlighting some of the Key partnerships Those both that have been confirmed with Cardano And those that are still pending or Upcoming as you guys know altcoin buzz Have been Strong supporters of cardano we were Devotees of Ada when it was worth only pennies and Now Things have certainly changed we’re very Optimistic about this project and We’re going to give you 10 reasons Specifically why cardano has a massively Bright Future cardano first of all is aiming to Create a blockchain platform that will Process A very high number of transactions at Low Cost it’s a project that also aims to Provide financial services To the unbanked of the world cardano is
One of the fastest Growing blockchain assets in the crypto Space which Of course attracts new investors Moreover it’s among the very few Blockchains that are being used by Enterprise and government bodies so Today we’re going to examine cardano and Its third Generation blockchain and highlight some Of the compelling reasons why you should Also be Interested in this project reason number One Cardano’s blockchain allows users to Create smart Contracts without entering into a third Party agreement The team’s goal here is to stabilize the Dap sector and to focus On providing security to decentralized Applications Systems and societies additionally the Project Offers numerous technological Enhancements over Ethereum and other existing Cryptocurrencies It also aims to create a scalable Interoperable third Generation blockchain reason number two The world health organization or the who Estimates that all kinds of medicines Sold
Online can rightly be categorized as Fake or seriously substandard however This blockchain cardano’s that is Provides a solution to this problem by Authenticating And validating the origin and supply of Pharmaceutical products Hence it is playing an important role in The safety and well-being of patients Worldwide a tala prism is an Id and credentials solution designed on The cardano blockchain and it secures Academic certifications by providing a Tamper-proof Ecosystem it can also store data such as Civic records Health records career references their Memberships and much More also and very impressively Beefchain has chosen the cardano Ecosystem to trace meat from Field to fork that empowers primary Producers And brings transparency to the end Customer Reason number four the cardano Blockchain provides users Full control of their credentials which They can share with anyone And instantly get verified anytime Anywhere Hence it streamlines the identity Verification process of financial Institutions
And in addition this project solves Issues across multiple sectors Which include government education Retail Finance health care and others supply Chain of course plays a vital role During these times of pandemic to Sustain Any sector and for the safety of the Population of course Therefore the cardinal block chain is Empowering Farmers and retailers by allowing them To trace items From farm to production it’s now Arguably more important than ever At reason number six is the proof of Stake consensus Mechanism and for a little bit of Context bitcoin right now can scale Up to between three and seven Transactions per Second ethereum is a little bit higher Although it’s still Quite low at only 10 to 20 tps This as you guys know is a problem and The solution to this problem Is cardano’s uroburros proof of stake Algorithm Which can process around a thousand tps Bitcoin networks follow the proof of Work protocol or pow However cardano relies on the proof of Stake or pos
Mechanism which number one costs less in Terms of energy consumption and number Two Helps to minimize those pesky Transaction fees At reason number seven here we are Discussing the ada token The native token of cardano is ada Interestingly it’s named after ada Loveless who was a 19th century mathematician and is Recognized as the first computer Programmer In addition cardano has its own Artificial wallet called Daedalus it’s a universal wallet with Features such as automated trading Exchange integration and crypto to fiat Transactions and In addition ada is also compatible with Other wallets such as Uroy ledger and tresor cardano is a Publicly distributed network that is run By the people For the people and moreover its Ecosystem uses ada to pay for any Transactions Or deploying any smart contract Therefore ada coins from the user of the Network go to the people Who keep running the network and these Features make it a utility token Let’s discuss security a little bit here For reason number nine cardano has a
Distinctive Two-layered architecture for safety and Scalability the cardano settlement layer Or the csl handles All the dealings with minimal Transaction fees and at the same time The cardano computation layer or the ccl Is a set of protocols that facilitate Smart contract optimization In addition it enables developers to Create defy apps with a high level of Security And the final reason that the cardano Blockchain and the ada token Absolutely have to be on your altcoin Radar is the fact That the cardeno blockchain was Recognized by top lawmakers In leading financial jurisdictions such As switzerland the team Jointly provides blockchain education And academy platforms for uzbekistan’s National universities and in addition it Offers advisory services to develop Broad strategic governmental projects Using blockchain technology let’s Briefly discuss the cardano team because Of course a successful team really is The lifeblood of any project And cardano is no slouch here they have Top-notch Researchers and developers that are all Making this project Successful as you guys likely know the
Founder of cardano is charles hoskinson He is a trained mathematician a rather Quantitative individual Previously he was involved in the early Development of bitcoin and even Co-founded Ethereum additionally he was also the Founding chairman of the bitcoin Foundation’s Education committee let’s discuss some Recent developments here by cardano with A focus on defy Decentralized finance which of course is Exploding Nowadays cardano recently underwent the Gogan update and with this Update users are able to create their Own on-chain tokens For transactions on cardano additionally These custom tokens can be transacted Directly on the blockchain just like ada In addition rising gas fees of course is A serious concern right now for multiple D5 protocols if not all of them because It costs a lot while Executing smart contracts on cardano However transactions between native Tokens and assets Cost almost zero in terms of fees and Therefore Cardeno makes it more affordable than Ever to launch d5 projects Following gogan lots of other updates Are coming in the near future such as
The basho era which is centered around Scalability and interoperability Improvement And the voltaire era which will add a Treasury system And governance furthermore with the Current updates in cardano And ethereum cardano looks much stronger Than ethereum when you especially take Those fees Into consideration as well as Transactions per second Tps at the time of this recording Cardano Is exploding onto the scene in a big way Occupying the third spot the third Largest Cryptocurrency overtaking both binance Coin And tether and we’re going to discuss Some of the variables That led to this recent ascent a lot of The partnerships have been A very strong selling point for cardano In addition to its blockchain Technology and you know reviewing the Last few months there are several Notable partnerships that we want to Highlight here including wolfram Alpha they partnered with input output Hk to integrate cardano blockchain data Into their computational technology To provide oracle services for cardano And cardano also partnered with shopify
To be used as a mode of payment On shopify stores additionally users can Send ada tokens directly to the store’s Wallet so effectively It doesn’t involve any mediator who can See these transactions Singularitynet which is the Decentralized ai network they Collaborated with cardano to maneuver a Big Portion of its network from ethereum to The cardeno blockchain because of the Looming Speed and cost issues currently Associated with ethereum The united nations recently announced a Partnership with cardano and Iohk to conduct un proposals Via iohk’s blockchain-based voting System and additionally the team also Secured a partnership with Metaps plus which is one of the biggest Payment platforms Currently in south korea cardano has Also partnered with Bondly finance to introduce Decentralized finance to its Blockchain furthermore bondly finance Can integrate the support for bondly Coin Into the cardano network itself emergo Also teamed up with bedali which is a Canadian payment processor striving Toward next generation digital currency
Payment solutions and with this Partnership Ada holders can directly purchase items From more than 1200 Major retail brands such as amazon nike Starbucks Airbnb and many more via bedali’s online Gift card platform cardano also recently Partnered with travala.com In an effort to empower travelers to Easily book hotels And travel accommodations worldwide Using ada on travala.com’s online Platform Emergo recently signed an mou a Memorandum of understanding with korea Blockchain contents association that’s The kbcca And korea mobile game association the Kmga To integrate gardiano’s blockchain based Solutions into the korean Digital content and mobile gaming Industries And finally emergo the commercial arm of Cardano which boosts the platform Through commercial ventures Has secured a membership within the Chamber of digital commerce the world’s Leading trade association As you guys all know none of this is Financial advice we are not financial Advisors We are not suggesting that you take
Action based on this information we are Simply Sharing our enthusiasm for a project That we really Do feel has a very bright future cardano Certainly has The experienced leadership at the helm To tackle the next Generation of blockchain issues and so In conclusion The decentralized nature of cardano’s Blockchain makes it secure Whereas the layered architecture Provides scalability this is an Important combination And collectively these characteristics Make cardano an Innovative altcoin with huge potential That should absolutely be on your radar Thus Not financial advice but it is an Excellent choice For new investors who are just entering The crypto space For the first time let us know your Thoughts about cardano And ada in the comments below best of Luck if you do choose to invest as Always We hope to see you again soon in our Next video take care
