Greetings friends, the cardano (ADA) currency is striking, especially because it has appreciated 2500% in a year, which catches my attention and I decided to investigate a little about it, although we know that Bitcoin is the first digital currency and Ethereum arrives to redefine the parameters and blockchain possibilities through Smart contracts, so what does Cardano? and Why its so success?, let's see.
In 2015, a group of high-level academics led by one of Ethereum's co-founders Charles Hoskinson made the decision to make a blockchain from scratch, so they did not rely on existing blockchains in order to provide a digital platform, free from financial intermediaries.
Today it has a market capitalization of 4.7 billion dollars, becoming the third cryptocurrency, taking into account that it started with 600 million dollars at the time of its launch in 2017, I think it has been a success.
Scalability Cardano achieves 257 transactions per second, which is an improvement over BTC which processes 4.6 and Ethereum 20 tps, something they achieve thanks to proof of stake instead of proof of work. Cardano uses a technique called recursive internetwork.
Cardano interoperability gives the option of meta data, something that can be shared with banks and governments, which solves the distrust of cryptocurrencies by governments, it also proposes using its network to be the internet of cryptocurrencies because since its creation it understood that the tokens are related to each other.
Sustainability each transaction in the cardano network helps a treasury that serves to boost project developers, although this is something in the future and will function as a Smart contract and the community will vote. There are already 380 assets in the cardano network It is not possible to mine cardano in a normal way but you can mine through staking so it doesn't consume as much energy which I found quite interesting.
Finally, what happens with cardano is that it has a superior technology because it is the blockchain 3.0 so in the future it will become Ethereum's biggest rival because it has many advantages at the software level, however the announcement of the Mary protocol is what The currency was further promoted, as it allows the issuance of non-fungible tokens and tokens from its blockchain, which is the final act towards decentralization.