What is Cardano (ADA)? [Vídeo]

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Bitcoin is the most renowned cryptocurrency, there is no doubt about that. The second place belongs to Ether, which with its own blockchain network (Ethereum) has become one of the most valuable currencies. But is it possible that some cryptocurrency takes the place of Ethereum? Of many altcoins it is said that they can dethrone Ether and replace the Ethereum network, but so far none have succeeded; although perhaps Cardano has the potential for it.

In this video we tell you what Cardano is and why it has become one of the blockchain projects with the most potential in history:

As we have in the video, Cardano is a blockchain network that hopes to become a kind of internet among other networks. In this way, a person with, for example, Litecoin could send their crypto directly to someone who only has Ether. This is something that currently can only be done through the mediation of an exchange, as we explain in this video.

Technically, Cardano is the network, but it also has its own currency, called ADA. ADA has experienced a huge rise in value, reaching a tenfold increase in just a few months. This corresponds to an aggressive advertising campaign by Cardano and its creator, Charles Hoskinson, who was one of the three founders of Ethereum. The fact that Hoskinson is at the helm of Cardano is seen as a guarantee of trust in the crypto world.

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But despite the good reputations that Cardano and ADA enjoy, it’s all based on promise. The network is in the second phase of its development, which consists of four. This means that the only thing Cardano has achieved is to launch its cryptocurrency, ADA, and this was in 2017.

Only time will tell if Cardano succeeds and becomes Ethereum’s replacement.

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