Hello, this is Block Info And today I’m going to talk about ADA : ‘know before you inverst’ ADA is also known as Cardano. Cardano recently went up and became No.5 in cryptocueerncy market. How did Cardano, less than a dollar coin, became No.5 in the market? Well, circulating supply is much higher than other cryptocurrencies that’s one reason for sure. But if you see the chart here, it definitely went up quickly in only 2 months. So why is ADA coin gets so much attention from all over the world? To explain ADA in one sentence, It’s a coin that can be use in blockchain smart contract platform, Cardano, which supplemented Ethereum’s weakness. So I can say that it’s a platform coin. Since it supplemented Ethereum’s weakness, some youtubers are saying Cardano as a ‘Ethereum Killer.’. What are the detailed reasons supporting their opinions? The reasons come from CEO of Cardano, Charles Hoskinson. He is well-known as a former CEO of Ethereum. Since he was one of the first developers of Ethereum, people have high expectations. Expecting that his knowledge and experience from Ethereum would help him to make a better platform than Ethereum. So some might think Cardano can be a Ethereum killer. Let’s see 3 teams of Cardano Hub. First one is, a company that manages the entire community and partnership, The Cardano Foundation. Second is, for managing blockchain protocol, p2p financial services IOHK, Input Output Hong Kong. Then the third one is, in charge of investment in startups on Cardano platform, Emergo. These 3 companies are the Cardano HUB team. Charles, the Cardano CEO, said first generation of cryptocurrency is bitcoin, second generation is ethereum, third generation is Cardano. And he gives three reasons First, scalability, interoperability, sustainability. These were the three reasons. For scalability, TPS=transaction per second he talks about TPS. Cardano is not using Proof Of Work that bitcoin and ethereum use but using Proof Of Stake, Ouroboros POS is cheaper than POW and can maintain other blocks and other chains. If that happens, they can handle more transactions per second. And it’s more efficient. CEO of ethereum, Vitalik also said POW spends too much energy and inefficient. So he’s thinking about changing to POS. Second, Interoperability, bitcoin, ethereum, litecoin in crypto network each coins have their own languagues and rules so it’s hard to understand and communicate with each other. Moreover, cryptocurrencies and existing banks have very different rules and systems. It’s too hard to interact with each other. Today, exchanges are arbitrating between them, but exchanges have weak servers, not safe from hacking attack Cardano HUB is preparing the platform using sidechain that helps to improve the communication of POW network. Lastly, sustainability There are two points to check. 1. How do we pay for things? This part is similar to DASH. Treasury, decentralized bank account If Cardano can construct treasury system, 2. Where should we go? can get answer. Cardano can run democratic voting. To explain this easily, bitcoin had some arguments about the future plan so bitcoin cash and bitcoin gold came out. same for ethereum classic and ethereum. For Cardano, there’s no need for soft fork or hard fork. Because, if Cardano has some arguments about something, ADA token holders in Cardano community can vote and decide where to go. Due to these many reasons, it can be possible for Cardano to solve some disadvantages and weaknesses of today’s blockchain technology. There are more features. It’s the first project of peer-reviewed academic research. uses programming language, Haskell which is more secure than bitcoin’s script and ethereum’s solidity has more layers uses KMZ sidechain uses web-based wallet : Daedalus There more features you can study. And few more ADA is known as one of Japaneses’ favorite coins. 95% investment of Cardano’s ICO is from Japan. There’s an article saying ADA in available on ATM in Japan. You can check that too. Lastly, let’s get into the roadmap. In Byraon, after total 3 years of work they built crypto tech stack with new code. In Shelley, they are focusing on decentralising key elements and autonomous system. Expected Q2 2018. More, Ouroboros delegation, multisignature transactions, consensus incentives and fees, etc. Visit cardanoroadmap.com for more information. They have it in English, Japanese, Korean, and Chinese. I’ll comeback with more coin information so don’t forget to like and subscribe. Thank you, bye.