Summary

Cardano describes itself as being a third generation cryptocurrency. it was created by Charles Hoskinson, one of the co-founders of Ethereum Project.

Cardano is developing a platform which uses smart contract and seeks to have more advanced features than any other protocol previously. It is the first blockchain platform to evolve out of a academic driven approach. The team consists of a big global bundle of engineers and researchers.

Swot analysis of ADA

Strengths

• Brilliant team
• Absolute saftety
• Easy to use. One of key goals of the cryptocurrency is keeping the platform as simple as possible for both the users and developers.
• Governance by Token Holders. The governance of Cardano is based on blockchain meaning that the token holders get to decide on any modifications that may be proposed.

Weakness

• Still under development and has a lot to proof
• The Governance System is complex

Opportunity

• Cardano tries to solve the biggest problems in the crypto world, by having a efficient framework
• Has a promising scalable solution. As more users joins the platform the capabilities of the system increase

Threat

• Ethereum has first-mover advantage
• Minor chance that NEO can be negatively affected if China becomes anti-crypto
• The smart contracts platform market is seeing increasing competition