For a cryptocurrency investor, it is always a pertinent question to ask what coins one can potentially invest in. Presently, the best projects are the ones who are looking to solve the problem of privacy, scalability, and interoperability. Cardano and Stellar Lumen stand out, presently, with respect to these features.
Cardano, fully open source blockchain project, gained prominence as one of the most progressive platforms in the crypto world. It claims to be the first blockchain platform to evolve out of scientific philosophy and a research-first driven approach. The blockchain company is also planning to invade the Indian IT market to groom them and help them become one of the most exceptional blockchain technology developers.
Cardano offers smart contract feature enabling developers to build blockchain applications on the Cardano network. Cardano uses a Proof-Of-Stake algorithm called Ouroboros which determines how individual nodes reach consensus about the system.
The website claims that
“Ouroboros is the first proof of stake protocol that has mathematically been shown to be provably secure, and the first to have gone through peer review through its acceptance to Crypto 2017, the leading cryptography conference. The level of security demonstrated by Ouroboros compares to that of Bitcoin’s blockchain, which has never been compromised.”
Stellar is a platform that connects banks, payments systems, and people. Their main area of focus is on integrating the institutions to move money quickly, reliably, and at almost no cost. It aims to reduce the intermediaries and allows users to accelerate settlement time often in seconds by transmitting monetary value in the form of digital assets. Stellar’s vision has many takers in the financial sector and has quickly risen in acceptability.
Stellar has showcased incredible performance during the past couple of weeks and has gained enough credibility in terms of adoption and development of its technology. The cryptocurrency has shown a remarkable bullish behavior after it was listed on Coinbase Pro.
Stellar is priced at USD 0.104227 with a total market cap of USD 2,003,469,714. Cardano is priced at USD 0.060407 and has a total market cap of USD 1,566,178,193. Stellar is ranked 9th according to Coinmarketcap, and Cardano is just one rank behind at 10.
According to industry experts, both the cryptocurrencies are building a reputation in terms of acceptance and adoption, and it is wise to ‘hodl’ these coins ahead of the second quarter of the year.