Cardano, Ethereum co-founder's cryptocurrency
This token has managed to slide into the top 10 'cryptos' regarding market capitalization
More and more players are becoming part of the cryptocurrency market, attracted by its growing popularity and high profitability. One of these companies is Input Output Hong Kong (IOHK), which thanks to the development of the Cardano blockchain has managed to attract the interest of investors.
It was created in 2017 during the great bull run of cryptocurrencies at the end of last year and the beginning of 2018. Its cryptocurrency, called ADA, shot up in the classification of digital tokens and became one of the first 10 by market capitalization in a short period of time.
After the success of Bitcoin, the market replicated this technology and created thousands of cryptocurrencies, some of them well known, such as Ethereum, Litecoin or Ripple. However, its dependence on a chain of blocks or 'blockchain' that transfers funds and validates transactions is common. Bitcoin was the first practical case of large-scale success in this regard and since its inception, several blockchain companies have been born, some of them allowing developers to access their technology.
Thus, these technology “tenants” can execute a wide variety of blockchain functions, such as intelligent contracts and decentralized applications. A technology widely perfected thanks to the experience of Charles Hoskinson, co-founder of Ethereum. Although between both chains there is an important difference.
Cardano has a clearly distinguishable two-layer structure. The first called 'Cardano Settlement Layer' (CCSL) that carries out cryptocurrency transactions. The second called 'Cardano Computation Layer (CCL) which is responsible for running applications and allows developers to enter. In Ethereum both layers are interlaced.
The leading eToro social trading platform allows the over six million users that make up its community to invest in the short and long term in Cardano. In addition, its members can invest in a variety of cryptocurrencies under personal investment decisions or by relying on the most successful members of the community, the 'Popular Investors', by cloning their portfolios. On the other hand, eToro also makes 'Copyportfolios' available to users, which are investment portfolios that make up a basket of cryptocurrencies and are managed automatically according to the criteria and decisions of the experts hired by the platform.