Cardano describes itself as being a third generation cryptocurrency. it was created by Charles Hoskinson, one of the co-founders of Ethereum Project.
Cardano is developing a platform which uses smart contract and seeks to have more advanced features than any other protocol previously. It is the first blockchain platform to evolve out of a academic driven approach. The team consists of a big global bundle of engineers and researchers.
Swot analysis of ADA
Strengths
Brilliant team
Absolute saftety
Easy to use. One of key goals of the cryptocurrency is keeping the platform as simple as possible for both the users and developers.
Governance by Token Holders. The governance of Cardano is based on blockchain meaning that the token holders get to decide on any modifications that may be proposed.
Weakness
Still under development and has a lot to proof
The Governance System is complex
Opportunity
Cardano tries to solve the biggest problems in the crypto world, by having a efficient framework
Has a promising scalable solution. As more users joins the platform the capabilities of the system increase
Threat
Ethereum has first-mover advantage
Minor chance that NEO can be negatively affected if China becomes anti-crypto
The smart contracts platform market is seeing increasing competition
