Find the best broker for your trading or investing needs For many cryptocurrency investors, once you get past the big names at the top of the list of currencies by market cap, the next contenders are essentially interchangeable. For supporters of Cardano (ADA), however, there are many reasons to set the number 7 cryptocurrency by market cap apart from its competitors.
Others find the ecosystem behind ADA to be overly complicated, preferring to pass it by in favor of simpler projects. Nonetheless, Cardano could potentially overshadow major players like bitcoin and ethereum in the future.
Cardano is unique in comparison with other digital currency projects for several reasons. First, it defines itself as a third generation blockchain, meaning that it attempts to solve problems which have plagued its predecessor coins and which have yet to be resolved more broadly across the industry.
Second, and perhaps more importantly, Cardano is not fully implemented at this stage. It is a project in development, with a network that is not completely deployed.
Supporters of ADA follow the progress made by the coin’s developers on their website, which includes detailed updates about advancements to the coin and the network. These supporters also tend to believe that, once the network is fully deployed, Cardano could topple some of the most prominent digital currencies of today. Read more from investopedia.com…
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