- Category: Smart Contract Platform
- Coin Launched: July, 2015
- Resources: White Paper
- Official Website: Cardano
- Reddit: Cardano
Cardano crypto is a decentralized platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first block chains to be built in the highly secure Haskell programming language.
Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first block chain platform to evolve out of a scientific philosophy and a research-first driven approach.
CARDANO History / Information / Buying / Staking
Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. It is the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols.
HOW CARDANO WORKS
Cardano has its own cryptocurrency called ADA, which can be used to send and receive digital funds. This digital cash represents the future of money, making fast, direct transfers that are guaranteed to be secure through the use of cryptography. Cardano’s blockchain uses the proof of stake (POS) consensus method. The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allows for upgrades by way of forks. After the settlement layer of ADA is complete, a separate computing layer will be built to handle smart contracts like digital legal agreements that will underpin future commerce and business. Cardano will also run decentralized applications, services not controlled by any single party but that instead operate autonomously on a blockchain.
BENEFITS OF USING CARDANO
Some of the benefits of using Cardano are:
FULLY OPEN SOURCED
DESIGNED TO HANDLE ENTERPRISE LEVEL USAGE
SECURE PROOF OF STAKE
GREEN ENVIROMENT FRIENDLY
CAN YOU STAKE CARDANO
Cardano uses a Proof-of-Stake (PoS) algorithm, so you can stake your cardano on many different platforms including Coinbase.
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