Cardano was developed after the company leaders explored inadequacies in many other cryptocurrencies that were available at the time when the system was being designed which was back in 2015. The idea of Cardano was based on three main fundamentals which aimed on developing a coin that will be successful and innovative for the future. Cardano’s mission hence is based on the following three key fundamentals:
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Cardano is based on deep academic research and professional collaboration between the field experts. Cardano creators wanted to involve the best specialists in the field hence the whole idea and the algorithm has been developed based on the most professional collaborations and research outcomes.
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Cardano was built considering all the successful cases and features of other cryptocurrencies as well as based on key outcomes from some major failures of the industry. Once again the team had conducted a deep research on the industry making sure to create a higher and more secure cryptocurrency than ever before which would be based on the previous expertise in the field.
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Cardano was built for the future. Considering the previous steps aimed on creating a successful system Cardano has been adapting all the features and functionalities to be able to accommodate future developments in the industry making the cryptocurrency potentially one step ahead from other cryptocurrencies.
These key principles have been allowing Cardano to not only already become one of the most promising third generation cryptocurrencies out there but also to position itself as a system that is being built today for the future while learning from the past experiences. This approach promises to make the system a successful and powerful cryptocurrency in the fast-developing industry considering all the serious resources and knowledge that have been invested in the idea and concept development from the very beginning of the project.
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