As Bitcoin attempts to find a bottom, altcoins continue to decline, opening up opportunities on the long and short side.
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
- Charles Hoskinson’s treasury concept is about to get its first real-world test drive with ‘Project Catalyst’
This little project is expected to manage $70 million worth of ADA annually.8227
Did ADA holders decide it was time to cash out some of the gains they made in the proceeding bull months?6092
Ethereum 2.0 will lose the first-mover advantage its first iteration had. How does it stack up against the extensive competition in 2020?23756
Will Ethereum Classic's community accept this new solution from Charles Hoskinson's IOHK?11909
If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows.25342
Will Cardano rely on its oracles or integrate Chainlink's?25754
- Charles Hoskinson's IOHK submitted a decentralized treasury proposal to the Ethereum Classic community
Would a 20% block reward reduction matter in the long run?7756
Bitcoin and altcoins are likely to remain range-bound in the short-term as the bulls and the bears attempt to assert their dominance.34218
The bulls are aggressively defending the 20-day EMA in Bitcoin and select altcoins, which could result in the resumption of the uptrend.28809
Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened.35811
Bitcoin and the altcoins continue to correct but lower levels are likely to attract buyers as the bullish macro trend has not changed.33142
Bitcoin’s strong move above the $12,200 resistance could boost sentiment and lead to a stronger rally in select altcoins.39121
Traders have turned bullish on Ethereum again and the strong break above $400 could pull Bitcoin and other altcoins higher.33911
It’s a clash of the crypto titans.5325