Ranked third after Bitcoin (BTC) and Ethereum (ETH) on MarketCoinCap, the Cardano (ADA) cryptocurrency has received follow-up attention from a variety of great projects in recent times.
What say we know ADA.
In fact, since 2015, the Cardano project and ADA tokens have received the attention of the crypto community. It was developed by the Hong Kong Input Output technology firm (IOHK) founded by Charles Hoskinson.
Cardano is a third-generation Proof-of-Stake (PoS) blockchain project. It offers scalability solutions available on first and second generation blockchains such as Ethereum and Bitcoin.
With the development based on a comprehensive academic study of various aspects and the launch of Shelley 2020, Cardano is getting closer to his goal.
Just like the ETH token and its network, Ethereum, the ADA also plays its role as a token and operates on the Cardano network.
The Cardano Roadmap includes 5 phases:
Byron - the first phase, is a network launch including key functions such as ADA transactions.
Shelley - Shelley's hard fork takes effect in 2020, heading towards the era of decentralization. Nodes are currently operated by the Cardano community while stake pools are run by ADA holders.
Goguen - promises integration of several decentralized solutions and services.
Basho - focuses on scalability and interoperability optimization
Voltaire - introduces a treasury system for dealing with administration.
The question is, how to save ADA?
You have a variety of options starting with open-source desktop software, Daedalus or light wallets such as Yoroi Wallet and AdaLite. In addition, it can also be stored in cold wallets such as Ledger and Trezor via Daedalus, Yoroi Wallet and AdaLite.
Interesting isn't it? Although the progress of the project is a bit slow, but the expected results are very satisfactory, especially in the whole community.
