Social investment platform eToro has published a market study cryptocurrencies Cardano (ADA).

The first part of the document contains the history of cryptocurrency, developed by co-founder of Ethereum Charles Hoskinson IOHK. The release of the first version of the Protocol called Byron was held on 29 September 2017. Cryptocurrency quickly appeared in many leading trading platforms.

The project is still at an early stage of development, and the release of the next version of the Protocol under the name Shelley is scheduled for late 2018. It is likely that the developers will not have time to finish the job on time, so IOHK said that the network refresh will happen until April 2019. As stated in the report, that Shelley will contain the key elements of decentralization and network security Cardano.

After the release of the second version is scheduled just three upgrade: Goguen, Basho and Voltaire. Goguen will introduce a separate language Protocol for Cardano and the virtual machine, and Basho and Voltaire will focus on network scaling and management mechanism.

“Despite the fact that Cardano is at an early stage of development, it is one of the most promising blockchain projects in history. It is also the first blockchain-a project developed in accordance with the principles of collective scientific philosophy, which is based on peer-reviewed scientific research. Many of the key upgrades is still in development”, — said the analyst, Mati Greenspan eToro.

Note that consensus in a network of Cardano achieved using the algorithm Ouroboros (Proof-Of-Stake).

Greenspan is convinced that the project is “bloccano third generation,” and it can fully modify the following fields:

  • financial services;
  • document;
  • the supply chain management;
  • accounting;
  • decentralized applications.

Greenspan added that in version Shelley will be a system of remuneration for holders of steaks, because at the moment all nodes are monitored by three organizations: IOHK, Cardano Foundation and Emurgo, which gradually introduce the upgrade.

We will remind, earlier eToro ordered the report “Cryptocurrency: overcoming barriers to trust and acceptance” researchers at Imperial College London.