What Is Cardano?
Cardano is the first blockchain project to be created and designed with scientific philosophy at its
core. Cardano is possibly one of the only projects that utilized the collaboration of worldwide team
of software engineers and brilliant academics.
Cardano seeks to implement technology that is secure, flexible and scalable, hoping to bring the best
of worlds from various cryptocurrencies to create the best cryptocurrency possible.
Collaborations and contributions from various experts have been taken into account to inform their
design decisions. The team at Cardano seeks to bring the diligence of science to cryptocurrencies
with a continuous follow through of implementation.
What is the Cardano cryptocurrency?
The Cardano Cryptocurrency is Ada.
What can be done with Ada?
Ada allows for the sending and receiving of digital funds. The team over at Cardano hope to be the
future of money, with quick, direct and secure transfers.
Yet, Cardano is positioning itself as more than a digital currency, it wants to be a technologically
oriented platform. The platform is designed to run and process various apps of the financial nature,
apps that would be used on a regular basis by collective and individual parties across the globe.
The platform is created step by step so that it can be designed for the aspects of flexibility and for
scaling. Adding on to the platform step by step allows for the simple and quick upgrades via the
implementation of soft forks.
After the completion of their first layer, the settlement layer, they will progress to the development
of their computing layer which will be the layer to process the popular concept of smart contracts.
Then they will progress to implementing the additions needed to run the aspect of applications that
are decentralized, applications, commonly known as DAPPS.
- Proof of Stake Mining
- There have been a number of attempts by other cryptocurrencies to develop a proof of stake
algorithm, although these protocols have suffered from flaws and have not been shown to
be provably secure.
Who is Cardano?
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