Cardano/ADA is a relatively new crypto currency that is known as the Ethereum of Japan or Ethereum killer. It was founded by Charles Hoskinson was once a developer for the Ethereum project. During his time with the Ethereum project he saw flaws with Ethereum and decided to leave and set out to create his own crypto currency and network that would have both aspects of Bitcoin and Ethereum, that being a form of digital money or currency and that of smart contracts that can be created and deployed on the network. The name of the project the network he created in is creating is called Cardano. As just previously stated, it aims to replace Ethereum with a smart-contract platform of its own, to some degree maybe even replace bid: itself, being a more functional form of digital currency and even possibly a store of value.
ADA is the currency of the Cardano network or platform and lives within it. The Cardano network itself was built using a newer more simplistic but advance coding language known as Haskell. Instead of just using confirmations it uses in conjunction a level of high assurance code. One of the things that makes Cardano/ADA unique among the crypto currency ecosystem is that it is being developed completely from scratch or from the ground up. Other alt coins are for the most part a copy or clone of bitcoin with minor tweaks or adjustments that take it in a different direction entirely.
Sure, one who creates a new alt coin this way will get all the benefits of the Bitcoin code, on the contrary may also acquire or inherent any flaws, or minor bugs possibly some "junk code" as well with this process.
This may possibly limit or hinder the coins' fullest potential down the line of the alt coin and may also lead to dead ends within the alt coins life, with the potential of the crypto currency being abandoned by developers if it is not able to scale or adapt to the fast-paced ecosystem in which it resides.
Cardano aims to be able to scale without the use of hard forks, thus keeping it one whole crypto currency. No contention between the community. How will this be achieved? The Cardano team plans to implement a voting center in which the community/participants of the Cardano platform will have a voice of which upgrades, implementations, and overall what direction Cardano goes in.
Now this is just some of the basics about Cardano and I would like to write more on it in the future because there is a whole lot that I haven't even gone into. It is just one of the projects that I am really excited about at the moment and one of the ones that I see has great potential for changing the ecosystem and possibly even the world as we know it. Have you ever heard of it before or is this your first time, I am interested to know?
