Below are the reason, for my belief in Cardano to be the ultimate financial operating system of the World?
# Mission Statement: Cardano is an open platform that seeks to provide economic identity to the billions who lack it by providing decentralized applications to manage identity, value, and governance
# EUTXO: extended the UTXO design of bitcoin, to support the smart contracts while enjoying the security of bitcoin which is not possible in account model (etheruem ) based smart contracts.
# Blockchain with the peer-reviewed research process
Collaborating with universities across the world.
130+ research papers [https://iohk.io/en/research/library/]
# Written in Haskell a functional programming language with the highest efficiency and security [link]. For blockchain to become the world's financial operating system it has to be most resilient and secure, banks also use Haskell for the same reasons.
# Non-custodial proof of stake:
You can keep ADA (coins) with you and at the same time stake them to earn rewards and help validate transactions on the blockchain which is ~4.5% yearly [rewards are paid every 5 days] and in this process, you do not have to lock it for any period
# Tresury: [Self-sustanance]
the blockchain has a treasury account that can be used by a decentralized voting mechanism [https://cardanocataly.st/]
Starting from zero now the treasury hold approx 600 million USD worth of ADA at the current price and every couple of months, funds are allocated to projects building on the blockchain and expanding awareness and education across the world.
Treasury is used to fund further development of the ecosystem around the world and also rewards users who access their voting rights.
e.g. ADA holders can vote to decide the fate of funds most investments are done to improve the blockchain ecosystem across.
Treasury earns from a portion of the block reward.
# Atala prism:
Decentralized identity
# Hydara
Scaling solution with side chains will allow Cardano to scale in transactions
# Interoperability
Communicate with other blockchains
# Islamic point of view:
The currency is deflationary in nature and there will be a maximum of 45 billion ADA, practicing muslins will not lose money due to inflation.
According to some reports, I read in 2010, Indian practicing Muslims loose 60,000Cr every year, also the value of the base currency depreciates by approx 8-10 percent.
Prominent Projects:
Liquid finance, Meld protocol, world Mobile,
News:
https://agenda.ge/en/article/2020/12