Tag Archives: cardano price

Cardano summary

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WHAT IS CARDANO

Cardano is a smart contract platform that is fully decentralized and open sourced. It claims to be the first blockchain backed by scientific philosophy with all design elements going through a rigorous peer review process

STRENGTHS

  • Team. A strong team of scientists and engineers centered around the Cardano foundation.
  • Peer reviewed security protocols
  • Scalability. As more users are added the capabilities of the system increase
  • Technology. Cardano is focused on future proofing and remaining flexible to future unknown applications


WEAKNESSES

  • Blockchain went live Sept 2017 so project is still in its infancy
  • Long term road-map means it could be months/ years before the full capabilities of Cardano are reached

OPPORTUNITIES

Cardano has the potential to be the premier smart contracts platform. This would see it sitting comfortably in the top 5 market caps.

THREATS

Ethereum has a big head start in the smart contract space sector which already has some tough competition.

Other smart contract platforms include NEO, Nem, Eos, Qtum and many more!

5 YEAR OUTLOOK

Cardano has a strong team with big plans for the future.

Its current price could be too high for its current capabilities but as more tech gets ticked off the road-map the stronger Cardano will be.

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