Positive Cardano opinions
Summary:
So far,2 of opinions have been recorded for Cardano. These opinions are not investment recommendations but the community's perspective on Cardano. Please do not make a purchase decision based on these Cardano opinions.
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Cardano opinion #2
What do you particularly like about this coin?
At the moment there is a real boom in new staking nodes.
I find the new dPoS (delegated Proof of Stake) very interesting. Without transferring your ADA coins out of the secure cryptowallet, you can delegate your ADA coins to a staking node pool. This way you can participate in the Block Rewards and generate a passive income.
What is your forecast for this coin and why?
After almost 5 years of development and the current update to "Shelly", the PoS of the ADA coin has to prove itself in the mainnet. But the results of the testnet so far showed that this coin will have a bigger potential in the future.
Which exchange and which wallet do you recommend for this coin?
Following the principle "Not your Key, not your Coin" I would recommend the desktop client based Daedalus or the web based ADAlite Wallet. ADAlite can be additionally secured with a hardware wallet like Ledger.
Cardano opinion #1
Cardano is one of my favorite projects. I especially like the scientific approach and code quality during development. If the project lasts long enough and gains a sufficient foothold, this could result in an extreme advantage in the long run. Due to the modularity and quality of the codebase that comes with the longer development time and the higher planning effort, future changes and function updates will be much easier, cleaner and faster to integrate than for example with Ethereum or Link.
The community behind ADA is almost fanatical, but this usually manifests itself very positively in the steadily growing number of developers as well as financial support for the entire project.
If the staking, which was made possible by the Shelley update, proves to be stable in the long run and full decentralization via staking pools of limited size works, I see Cardano as one of, or possibly the most important coin with smart contracts in the future.
In my opinion, the official Daedalus wallet is best suited as a wallet, since it can also be used to assign stakes to pools directly.