💻 Join The VIP Cryptocurrency Course and Discord Group: https://www.joeparys.com/yt/crypto-course – If you would have bought Cardano’s ADA token at its all-time low and sold it at his all-time high, you would have made more than 300X.
In this video, Jerry Banfield and I are going to be sharing why we have bought Cardano, and full disclosure, I’ve also just bought more than $10,000 worth of this token.
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00:00 I Bought 27,514 Cardano ADA Tokens Today
00:38 Is Cardano the next big Crypto project?
01:21 What Jerry thinks of Cardano
02:48 What Joe thinks of Cardano
05:35 What Jerry doesn’t like about Cardano
07:06 What Joe doesn’t like about Cardano
09:32 Wrapping up
✅ CARDANO ($ADA)
Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
The open-source project also aims to “redistribute power from unaccountable structures to the margins to individuals” — helping to create a society that is more secure, transparent and fair.
Cardano was founded back in 2017, and named after the 16th century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th century mathematician Ada Lovelace, widely regarded as the world’s first computer programmer. The ADA token is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.
The team behind the layered blockchain say that there have already been some compelling use cases for its technology, which aims to allow decentralized apps and smart contracts to be developed with modularity.
In August 2021, Charles Hoskinson announced the launch of the Alonzo hard fork, causing Cardano price to surge, gaining 116% in the following month. On Sept. 12, 2021, the Cardano ‘Alonzo’ hard fork officially launched, bringing smart contract functionality to the blockchain. Over 100 smart contracts were deployed in the following 24 hours after the launch.
Cardano is used by agricultural companies to track fresh produce from field to fork, while other products built on the platform allow educational credentials to be stored in a tamper-proof way, and retailers to clamp down on counterfeit goods.
Cardano was founded by Charles Hoskinson, who was also one of the co-founders of the Ethereum network. He is the CEO of IOHK, the company that built Cardano’s blockchain.
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