{"id":69284,"date":"2018-07-19T20:00:06","date_gmt":"2018-07-20T03:00:06","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=69284"},"modified":"2026-05-02T08:34:07","modified_gmt":"2026-05-02T07:34:07","slug":"etoro-releases-cardano-ada-market-research-report","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/etoro-releases-cardano-ada-market-research-report\/","title":{"rendered":"eToro Releases Cardano (ADA) Market Research Report"},"content":{"rendered":"

On July 17, 2018, eToro, the world's largest social investing platform, published<\/a> a market research report on Cardano<\/a> \u2013 the eighth largest cryptocurrency by market cap.<\/p>\n

The Cardano research summary by eToro's\u00a0Senior Market Analyst, Mati Greenspan dives into Cardano's team, history, development, use cases, technical components, and it's roadmap.<\/p>\n

Cardano Development<\/h2>\n

Greenspan begins by outlining Cardano's origin. Together with Jeremy Wood, Charles Hoskinson, former co-founder of Ethereum, founded Input Output Hong Kong (IOHK) – the entity responsible for the funding and development of the Cardano network.<\/p>\n

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Related Article:\u00a0IOHK Redesigns Cardano With Brand Refresh, Releases Updated ADA Roadmap<\/a><\/figcaption><\/figure>\n

The report explains that the first part of the network, Byron, was released to the public on September 29th, 2017 and was quickly introduced in several major cryptocurrency exchanges.<\/p>\n

Cardano is still in its early stages of development and its new version, Shelley, is anticipated to be released at the end of 2018 or by April 2019. Shelley will introduce key elements for a decentralized and secure Cardano network.<\/p>\n

After Shelley, there are three subsequent phases of Cardano \u2013 Goguen, Basho, and Voltaire. Goguen will showcase a language specifically designed for Cardano and implement a virtual machine while Voltaire and Basho are designated for the scalability of the Cardano network and focus on governance.<\/p>\n

Greenspan\u00a0commented\u00a0<\/a>on the development of Cardano:<\/p>\n

“Even though Cardano is still in the early stages of it\u2019s\u00a0[sic] roadmap it is definitely one of the most promising blockchain projects we\u2019ve ever seen. It is also the first blockchain project that is being developed using a collective scientific philosophy, based on peer-reviewed scientific research. A great number of its most important features are still under development.”<\/p><\/blockquote>\n

Cardano Use Cases<\/h2>\n

The report details that Cardano implements a ‘complete' blockchain-based environment\u00a0where smart contracts, decentralized applications, and secure, quick transactions are readily available.<\/p>\n

Greenspan outlines various industries that could use or be disrupted by Cardano, and include:<\/p>\n