Cardano (ADA) is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The coin is offering far faster transaction speeds, rock-solid reliability, quantum computing resistance, and other bleeding-edge features.
In the spirit of many open source projects, Cardano did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it was created by groups of qualified phd professional to embrace a collection of design principles, engineering best practices and avenues for exploration. These include the following:
-Separation of accounting and computation into different layers.
-Implementation of core components in highly modular functional code.
-Small groups of academics and developers competing with peer reviewed research.
-Heavy use of interdisciplinary teams including early use of InfoSec experts.
-Fast iteration between white papers, implementation and new research required to correct issues discovered during review.
-Building in the ability to upgrade post-deployed systems without destroying the network.
-Development of a decentralized funding mechanism for future work.
-A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience.
-Bringing stakeholders closer to the operations and maintenance of their cryptocurrency.
-Acknowledging the need to account for multiple assets in the same ledger.
-Abstracting transactions to include optional metadata in order to better conform to the needs of legacy systems.
-Learning from the nearly 1,000 altcoins by embracing features that make sense.
-Adopt a standards-driven process inspired by the Internet Engineering Task Force using a dedicated foundation to lock down the final protocol design.
-Explore the social elements of commerce.
-Find a healthy middle ground for regulators to interact with commerce without compromising some core principles inherited from Bitcoin.
ADA is on a downtrend as of right now and the buying point should be around the corner at 2500-3000 sats. This coin is correcting from a 850% increase at the beginning of the year and should be a very promising for the new generation of coins!
Source: https://www.tradingview.com/u/maheswar81/
Thanks for the chart maheswar81!!