Cardano Cryptocurrency 2018 Review – Cardano is designing its protocol with regulation and compliance in mind

Cardano Cryptocurrency 2018 Review – Cardano is designing its protocol with regulation and compliance in mind
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Cardano Cryptocurrency 2018 Review – Cardano is designing its protocol with regulation and compliance in mind. Cardano is a 3rd generation platform that is building methodically, with peer reviewed technology, in order to address many of the scaling, privacy, and technological issues of today’s 2nd generation blockchains, like Ethereum. Cardano has an advanced proof of stake protocol, a unique governance and treasury system, and a layered foundation that enables Cardano to act as both a cryptocurrency and a blockchain platform. It has a strong support network, a robust development team, and large community interest.

Cardano is designing its protocol with regulation and compliance in mind. They want to create an ecosystem that supports digital identity and can work with enterprises and governments within an existing economy. Much of their future developments will focus on this principal.

Cardano Cryptocurrency 2018 Review - Cardano is designing its protocol with regulation and compliance in mind

Cardano Cryptocurrency 2018 Review - Cardano is designing its protocol with regulation and compliance in mind

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Cardano Cryptocurrency 2018 Review – Cardano is designing its protocol with regulation and compliance in mind

Cardano has been called an “Ethereum killer,” and it’s hard to deny the connections between the two blockchains. Like Ethereum, Cardano is a blockchain project that allows for the execution of smart contracts, and that also includes a cryptocurrency component (the token $ADA). And Charles Hoskinson, one of the project’s founders, previously served as the CEO of Ethereum.

A unique feature of Cardano: the company plans to offer a debit card. Users will be able to use their online wallet to load funds onto the card, and then use the card anywhere they would normally shop, with the ADA-to-fiat-currency exchange happening automatically.

Cardano is currently backed by (3) different but related entities: the Cardano Foundation, Emurgo, and Input Outpuk HK. The Cardano Foundation is an organization tasked with promoting, developing, and improving Cardano in the long term. Emurgo is a startup incubator that’s aimed at getting new companies integrated on the Cardano blockchain.

With so much still left to cover on its roadmap, it’s impossible to say for sure whether Cardano will reach the heights to which it aspires. But with a highly-experienced development team that has an intimate familiarity with its chief competitor (Ethereum), it’s not hard to see why the cryptocurrency has stormed up into the top ten so quickly.

Cardano Cryptocurrency 2018 Review – Cardano is designing its protocol with regulation and compliance in mind

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