Cardano is going to be BIG. Here's why-->

Cardano is going to be BIG. Here's why-->

By keelmann | Crypto420666 | 18 May 2021


Cardano, also know as ADA has some much to offer in the crypto space. It has lots of capabilities/potential and the company itself does a lot of humanitarian work which makes it a crypto worth supporting. 

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Cardano uses an unique proof-of-stake consensus protocol called Ouroboros. (developed with the Haskell programming language) This allows it to validate transactions without using high energy costs. Cardano claims it has up to four million times more energy efficiency than Bitcoin. And this seems to be a very popular characteristic in the crypto space right now: currencies which don't use ample amounts of energy, resulting in less carbon emissions. Ouroboros allows the decentralization of Cardano's network while keeping it secure. Ouroboros is also the first blockchain protocol based on peer-reviewed research. Along with being secure, the participants using this network receive incentives for their loyalty to it. Ada holders may delegate their stake to a certain stake pool, increasing its chance of being selected as the slot leader, and share in the stake pool’s rewards. Every ADA holder holds a stake in the network. Your ADA can be used in stake pools to earn rewards. This helps with the network running smoothly and successfully. 

Innovation and interoperability are Cardano's goals. So much their native token, ADA, was named after a nineteenth century mathematician, Ada Lovelace. She was recognized as the first programmer. Cardano is trying to solve problems across multiple industries. 

  • Atala PRISM is an ID & credentials solution built on the Cardano blockchain. This secures student's achievements on a tamper proof ecosystem giving students ownership and control of their academic achievements. PRISM also allows individuals to open bank accounts quicker in places where it may usually take weeks, since their identity credentials would be stored on the blockchain making verification simpler.
  • Atala SCAN establishes product origin and auditability to ensure every product sold is certified original. Preventing consumers from purchasing counterfeits of any product. This however is not limited to just retail. SCAN can also verify the origin and supply chain of pharmaceutical products, guaranteeing the safety and well-being of patients worldwide. Ensuring we're not the victims of counterfeit pharmaceuticals.
  • Atala TRACE can also be used in the agriculture industry tracing your food from farm to table. This transparency would allow us to see the hidden secrets our food goes through as well. 

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Recently Cardano has teamed up with "Save The Children" in East Africa to find a way to implement their company and digital currency to help. In March, Cardano delegated $500 million to the community led, mission driven stake pools on the Cardano network. In addition another $270 million has been added to these stake pools to be used to help charities such as Save The Children. Not only does this prove the utility of ADA, but that it can be used for social good. It also proves how easy it is to accept ADA through the deployment of payment gateways.

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Cardano is bigger than just some cryptocurrency you can profit off of. They're a cause worth supporting because their goal is to help everyone. Don't you want to help yourself? If you don't think ADA has more potential than the mere $2.01 it's trading for at the time of this writing after reading this article, I question your priorities. Thank you for reading, I hoped you learned more about this fantastic company.

Take care,

~ShitCoinKing

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