Academic-driven Cardano, will be driven up?
Coin of the day is ADA(Cardano).
"Academia-driven blockchain platform Cardano"
One more player in a field of DAPPs platforms (smart contract platforms), made a notable appearance in 2017 and even was mentioned by known media.
Cardano is a smart contract platform, similar to Ethereum, with a focus on security through a layered architecture.
The central message of the team is that Cardano made by professional scientists " leading academics and engineers", which will ensure high quality of the product. Also, the team has an approach to privacy/regulation concepts:"A major innovation of Cardano is that it will balance the needs of users with those of regulators, and in doing so combine privacy with regulation. The vision for Cardano is that its new style of regulated computing will bring greater financial inclusion by providing open access for all to fair financial services."
The platform also uniquely uses Haskell, a programming language with a high degree of fault tolerance. The team is attempting to separate themselves from competitors by focusing on scalability through peer-reviewed research and highly-secure coding practices.
Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that is provably secure, meaning that it offers security guarantees that are mathematically proven. Ouroboros is also the first cryptographic protocol to be peer reviewed at the world's top cryptography conference, Crypto 2017.
Latest news
May 28 - launched the first iteration of its KEVM test net. The new testnet is set to accelerate the growth of the Cardano project, as developers will be able to take any application that runs on the Ethereum Virtual Machine and execute it on the KEVM. The launch of the KEVM testnet precedes the upcoming launch of the IELE testnet, which will function as a Cardano virtual machine. Unlike the Ethereum Virtual Machine, IELE will operate as a register-based machine — IELE will possess an unbounded number of registers and support unbounded integers.
Technicals
ADABTC started to draw a reversion pattern, ending the May downtrend rally 0.00004 - 0.000025. Yesterday the coin rose above the Bearish Trend Line and then pierced above the 0.000026 - 0.000027 zone, which confirms the beginning of a rebound pattern. High volumes also confirm an oversold state and a possible start of the growth cycle. Breakthrough of the 100-days EMA and Global Bearish Trend line will confirm the beginning of a bullish cycle and further growth. 0.000025 level should play a supportive role in the turnaround-bullish scenario.
"Academia-driven blockchain platform Cardano"
One more player in a field of DAPPs platforms (smart contract platforms), made a notable appearance in 2017 and even was mentioned by known media.
Cardano is a smart contract platform, similar to Ethereum, with a focus on security through a layered architecture.
The central message of the team is that Cardano made by professional scientists " leading academics and engineers", which will ensure high quality of the product. Also, the team has an approach to privacy/regulation concepts:"A major innovation of Cardano is that it will balance the needs of users with those of regulators, and in doing so combine privacy with regulation. The vision for Cardano is that its new style of regulated computing will bring greater financial inclusion by providing open access for all to fair financial services."
The platform also uniquely uses Haskell, a programming language with a high degree of fault tolerance. The team is attempting to separate themselves from competitors by focusing on scalability through peer-reviewed research and highly-secure coding practices.
Cardano’s PoS, Ouroboros stands out as the first proof of stake algorithm that is provably secure, meaning that it offers security guarantees that are mathematically proven. Ouroboros is also the first cryptographic protocol to be peer reviewed at the world's top cryptography conference, Crypto 2017.
Latest news
May 28 - launched the first iteration of its KEVM test net. The new testnet is set to accelerate the growth of the Cardano project, as developers will be able to take any application that runs on the Ethereum Virtual Machine and execute it on the KEVM. The launch of the KEVM testnet precedes the upcoming launch of the IELE testnet, which will function as a Cardano virtual machine. Unlike the Ethereum Virtual Machine, IELE will operate as a register-based machine — IELE will possess an unbounded number of registers and support unbounded integers.
Technicals
ADABTC started to draw a reversion pattern, ending the May downtrend rally 0.00004 - 0.000025. Yesterday the coin rose above the Bearish Trend Line and then pierced above the 0.000026 - 0.000027 zone, which confirms the beginning of a rebound pattern. High volumes also confirm an oversold state and a possible start of the growth cycle. Breakthrough of the 100-days EMA and Global Bearish Trend line will confirm the beginning of a bullish cycle and further growth. 0.000025 level should play a supportive role in the turnaround-bullish scenario.
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