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Cardano is one of the older digital currencies in the currency circle, so it is still relatively well-known in the currency circle. However, for some investors, they only know that Cardano is one of the more popular digital currencies when investing. However, I don’t know whether ADA Coin is considered a mainstream currency. In fact, before judging whether ADA Coin is considered a mainstream currency, the currency circle editor believes that investors need to understand mainstream currencies. Mainstream coins are actually recognized by the currency circle. Digital currency, then, is Cardano a mainstream currency? Next, the editor of the currency circle will give you an in-depth analysis of whether Adacoin is a mainstream currency?

Is Adacoin a mainstream currency?
Cardano is a mainstream currency. ADA, known as ADA in Chinese, is the product of the Cardano project. The Cardano project was launched in 2015. The name comes from the Italian mathematician Gerolamo Cardano from the 16th century. Cardano is a doctor, astrologer, philosopher, and gambler. ADA is named after the 19th-century British aristocrat Adalevea, who is known as the first programmer in human history. The Cardano project was developed by IOHK, an IT company based in Hong Kong. The company was founded in 2015 by two heavyweights: Charles Hoskinson and Jeremy Wood, both former core members of Ethereum. The advantages of ADA are as follows:
1.The Ouroboros security system ensures the mathematical accuracy of Cardano functionality. Using this algorithm, energy costs can be significantly reduced when finding blocks. This means work goes very quickly without compromising on quality.
2.Haskell is a special programming language that ensures better protection of assets and users’ sensitive data.
3. A wide range of opportunities. In the Cardano network you can not only conduct fast transactions and use digital assets - any user can create and execute smart contracts, which will protect his remittances and other financial-related operations.
4. Excellent transaction speed. Cardano does not charge large commissions even for instant transactions [5] .
5. Users are completely anonymous.
6. The hard drive system allows network errors to be repaired without failure.
Where does ADA coin rank in the world?
According to the editor of the currency circle, the market value of ADA coin in 2021 ranks 5th in the world. Cardano is a groundbreaking proof-of-stake blockchain network that is developing into a decentralized application with a multi-asset ledger and verifiable smart contracts ( DApp) development platform. Cardano is built using rigorous, high-confidence formal development methods to gradually achieve the scalability, interoperability and sustainability required for practical applications. Cardano is expected to become the platform of choice for mission-critical DApps at scale that will support future economic development.
Cardano is powered by Team Global’s team of experts. Cardano is based on peer-reviewed academic research and embodies the spirit of openness and transparency. All research and technical specifications supporting Cardano are publicly released, and all Cardano development activities are open to the public. Designed by experts who are leaders in various fields, from distributed systems to programming languages and game theory; and developed by IOHK with partners. When the network is fully decentralized, the transformation belongs to the community, which will determine its future through advanced governance functions.
There are three main organizations that contribute to the development of Cardano. The first is the Cardano Foundation, an independent standards body based in Switzerland whose core role is to support the Cardano user community and work with authorities on regulatory and commercial matters. Cardano’s second organizational entity is IOHK, a company leading privacy security research and development, which holds the contract to develop the Cardano platform until 2020. The final business partner is Emurgo, which invests in startups and assists commercial enterprises in establishing the Cardano blockchain.
Technical background: The public chain behind ADA is called Cardano, and the Cardano consensus mechanism is Ouroboros, which uses the same proof-of-stake protocol as NEO. Ouroboros (Uroboros) logs into the Cardano official website and you can see this consensus mechanism at first glance. Ouroboros, the first reliable proof-of-stake algorithm, has passed peer review in the academic community. Ouroboros, which determines how each node achieves network consistency. The algorithm is an important part of the infrastructure that supports the Ada cryptocurrency and is a major innovation in blockchain technology. Ouroboros eliminates the energy-intensive Proof-of-Work (PoS) protocol, a problem that has long prevented blockchain from scaling up. Ouroboros was designed by a team led by IOHK chief scientist Professor Aggelos Kiayias and has been peer-reviewed by the academic community. Ouroboros is the first proof-of-stake protocol with scientific proof of its security. The level of security proven by Ouroboros is never compromised compared to Bitcoin’s blockchain. Every new thing and technology will always go through the process of questioning, questioning, and questioning again, growing, maturing, and being accepted. Ouroboros is no exception. It was dissed by BM, the founder of EOS. BM felt that the Ouroboros consensus mechanism was a copy of DPOS, but made some counterproductive parameter adjustments. ADA founder Charles Hoskinson has worked with BM for a long time. The technical similarities are easier to explain, and Cardano’s parallel opponents are Ethereum and EOS.
To sum up, this is the answer to the question of whether ADA Coin is a mainstream currency. Finally, what the currency circle editor wants to tell investors is that they need to have an operation plan every day and strictly implement it. Generally speaking, when investing , all need to have a plan, it is difficult to achieve big results by disrupting the stick, so an operation plan is a must. According to many years of observation by the editor of the currency circle, the accuracy of the daily morning general trend analysis and operation plan may be high. It is based on real-time analysis, so making an operation plan every day and strictly implementing it is an important part of the daily operation. If the market develops as expected, you can always operate according to the planned ideas. If it exceeds expectations, adjust your ideas and start anew. Make a plan.