Cardano (ADA)
@new_cryptobot
One of the latest discoveries in the virtual currency system was the creation of a new cryptocurrency project Cardano. This is blockchain platform with the open original code using smart contracts. Cardano develops from the scientific philosophy and approach based on the investigations. The team of developers includes a lot of engineers and researchers from all over the world.
Cardano ADA has a series of significant weaknesses
• absence of regulatory oversight
• Experimental design of the software with the uncertain security
• absence of long-term planning.
Advantages:
The first advantage of Cardano is the structure of its financial platform that includes two levels. The first level is the basis for processing tokens, and the second one is created for the high-quality work with smart contracts. However, it's noteworthy that such system has been working for a long time in Bitcoin protocols, so there are no premises to call this feature innovation.
Another important feature of Cardano is the privacy of participants during the transaction. Each party is completely protected and anonymous. This advantage allows to broaden the number of users significantly.