фото показано с : cryptoslate.com

On July 17, 2018, eToro, the world’s largest social investing platform, published a market research report on Cardano – the eighth largest cryptocurrency by market cap.

The Cardano research summary by eToro’s Senior Market Analyst, Mati Greenspace dives into Cardano’s team, history, development, use cases, technical components, and it’s roadmap.

Greenspace begins by outlining Cardano’s origin. Together with Jeremy Wood, Charles Hoskinson, former co-founder of Ethereum, founded Input Output Hong Kong (IOHK) – the entity responsible for the funding and development of the Cardano network.

The report explains that the first part of the network, Byron, was released to the public on September 29th, 2017 and was quickly introduced in several major cryptocurrency exchanges.

Cardano is still in its early stages of development and its new version, Shelley, is anticipated to be released at the end of 2018 or by April 2019. Shelley will introduce key elements for a decentralized and secure Cardano network.

After Shelley, there are three subsequent phases of Cardano – Goguen, Basho, and Voltaire. Goguen will showcase a language specifically designed for Cardano and implement a virtual machine while Voltaire and Basho are designated for the scalability of the Cardano network and focus on governance.

Greenspace commented on the development of Cardano:

“Even though Cardano is still in the early stages of it’s [sic] roadmap it is definitely one of the most promising blockchain projects we’ve ever seen. It is also the first blockchain project that is being developed using a collective scientific philosophy, based on peer-reviewed scientific research. A great number of its most important features are still under development.”

The report details that Cardano implements a ‘complete’ blockchain-based environment where smart contracts, decentralized applications, and secure, quick transactions are readily available.

Greenspace outlines various industries that could use or be disrupted by Cardano, and include:

Third generation blockchains, like Cardano, aim to develop more scalable and sustainable networks that maintain privacy and the security and governance of the most established projects in the cryptocurrency space.

The report then goes into Cardano’s consensus algorithm– which is what separates Cardano from Ethereum and Bitcoin. The Proof-of-Work algorithm, used by both Bitcoin and Ethereum, has proven to be costly in terms of the amount of energy required to mine.

Cardano uses Ouroboros, a Proof-of-Stake algorithm that does not require any mining. Instead, the blocks on the blockchain are generated by stakeholders.

The reward system for the stakeholders will be later deployed, as Shelley is the top priority for the Cardano team. Currently, the Cardano network is run by nodes controlled by the three governing bodies of Cardano– IOHK, the Cardano Foundation, and Emurgo.

The Cardano team follows the strategy of releasing its new, thoroughly-tested developments, one-by-one, to avoid potential complications with the code upon release.

Cardano also keeps a running interactive roadmap for its investors and enthusiasts, which tracks project progress in percentage from completion.

The interactive roadmap is accessible here.

At the end of the eToro Cardano research report, investment risks with cryptocurrency and smart investing guidelines are explained by Greenspace:

“Cryptocurrency markets are associated with high volatility, and Cardano is no exception. The project is still in a relatively early stage, and the roadmap is very long, so although the potential of the project is vast, as outlined in the previous sections, it is important to consider that the short-term fluctuations will depend mostly on speculation.”

The post eToro Releases Cardano (ADA) Market Research Report appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

205 +