Cardano ADA Trouble in Paradise

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ADA Price Analysis

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Introduction: Cardano (ADA), launched in 2015, gained a lot of attention for its ambitious plans to become the “internet of blockchains."

What is Cardano? What is ADA?: The difference between Cardano and ADA can be best described as Cardano being the home where ADA coins live. Cardano is a blockchain and ADA cryptocurrency live on the Cardano Blockchain.

Cardano Blockchain Use Cases: Apart from being able to send and receive ADA, the Cardano Blockchain also is used for hosting Smart Contracts and applications.

Similarities between Cardano vs. Ethereum: Cardano’s Co-Founders, Charles Hoskinson & Jeremy Wood, were instrumental in the early days of Ethereum.

Staking Cardano ADA: ADA is a Proof-of-Stake (POS) coin that fuels the Cardano Blockchain. By staking Cardano, users can assist in validating block transactions allowing users to mine Cardano as a reward for validating Cardano blockchain transactions.

ADA Coin Supply: The maximum supply of ADA coins is capped at 45 billion. The current circulating supply of ADA is 31 billion.

Validating Cardano Transactions: Cardano miners perform functions much like Bitcoin miners do through a consensus algorithm called Ouroboros Proof-of-Stake.

How to stake Cardano: Anyone holding ADA can become a Cardano Stakeholder and can become a Slot Leader to mint new blocks on the Cardano Blockchain. The more ADA you hold, the greater the opportunity is at becoming a Slot Leader. You can stake Cardano, on desktop or mobile, in one tap with your Exodus Cardano Wallet.

Diving into the Cardano Blockchain: Cardano blockchain is made up of 2 layers enabling greater flexibility for Cardano Smart Contracts.

The Internet of Blockchains: Through side chains, Cardano hopes to build an interoperable blockchain or an “internet of blockchains.”

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Intro

Cardano Explained

Cardano Updates Part 1

Cardano Updates Part 2

ADA Price Analysis

Cardano Roadmap

Cardano Challenges

Outro

Introduction: Cardano has undergone an important system upgrade bringing the Cardano blockchain closer to becoming the de facto smart contract platform it hopes to become.

What is Cardano ADA: Cardano is a smart contract blockchain, like Ethereum, with its biggest difference being its extensive research and testing done for every upgrade before they are released.

Ouroboros Protocol: The Ouroboros Proof-of-Stake protocol was the first academically researched and peer-reviewed Proof-of-Stake protocol with a mathematically proven level of security.

Shelly Upgrade: Cardano was able to move towards greater decentralization with the Shelly upgrade allowing every user the opportunity to become a node, stake and mine ADA, to secure and validate transactions on the Cardano blockchain.

What is ADA coin: ADA coin is the native cryptocurrency of the Cardano blockchain allowing users to participate in the network.

Shelley Incentive Structure: The delegation and incentive delegation and incentives scheme introduced with Shelley is based on game theory and the latest research in proof-of-stake protocols.

Staking Cardano: The Shelley upgrade allows anyone holding ADA to stake their ADA to secure and validate the transactions on the Cardano blockchain. Users can earn staking rewards in the form of ADA for securing transactions. You can stake your ADA in your Exodus Cardano Wallet with just a few taps!

The Goguen Era: The third era of the Cardano blockchain known as the Goguen era, has been worked upon in parallel with Shelley. The expected mainnet launch is around March 2021. The Goguen upgrade will enable the use of smart contracts, dApps, and additional native tokens on the Cardano blockchain.

Basho Era: Next in the Cardano roadmap is the Basho era which will introduce side chains. Sidechains are independent blockchains that will run side by side allowing the Cardano blockchain to increase its scalability and interoperability.

Voltaire Era: The final upgrade, or era, for the Cardano blockchain is called the Voltaire era. ADA holders who have staked their coins will additionally be allowed to govern the Cardano network through voting.