It's Your Turn, Cardano ...

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It's Your Turn, Cardano ...

Cardano is a project that I follow closely. It started to make a name for itself with the improvements it made in its ecosystem in the last year. In this article, I will share with you a short information about Cardano and my analysis.

What is Cardano?

Cardano ( ADA ) is a project that created a public blockchain platform for smart contracts, started in 2017 by Charles Hoskinson, co-founder of Ethereum and BitShares. The cryptocurrency of the Cardano ecosystem is ADA. It was named after Ada Lovelace, who lived in the 19th century and was considered the first computer programmer. The project is run by the Swiss based Cardano Foundation.

Cardano's developers argue that ADA is a 3rd Generation cryptocurrency and is the first decentralized blockchain that evolved from a scientific philosophy and developed with an approach that prioritizes research. It is coded in the Haskell programming language.

Cardano ( ADA ) offers high scalability and security with layered architecture. ADA lives on the settlement layer within the platform. This layer is similar to Bitcoin and keeps track of transactions. The second layer is the computing layer similar to Ethereum that allows smart contracts and applications to run on the platform. Cardano focuses on layer one and layer two functions, as well as non-functional requirements i.e. scalability, sustainability and interoperability. The basis of Cardano's scalability is the separation of the layout and compute layer and their proving technology.

ADA was produced in total as 45 billion units. 31 billion ADA are in circulation.

Morning Star

Result

It continues its upward trend, which started as $ 0.0816 on September 24. It is $ 0.137 as of November 22. There was a 68% increase in value. This high level of increase in transaction volume is supported. There may be short-term sales returns, but it will surely go to the $ 1.33 level on January 4, 2018. Bollinger bands is seen at the top. RSI and MACD indicators are giving a strong buy signal. At the same time, the Morning Star formation was formed. As I always say, listen to everyone, decide for yourself…