Cardano

April

Security

Simply

Cosmos

<p>After an initial investment in Cardano’s native token, $ADA, Kara Szabo, an analyst found herself diving into its technical underpinnings and came away even more optimistic about its prospects. Here’s what you should know:</p> 
<h2 class="wp-block-heading" id="strong-understanding-cardano-s-fundamentals-strong"><strong>Understanding Cardano’s Fundamentals</strong></h2> 
<ul> 
 <li><strong>Open Source and Decentralized:</strong> Cardano isn’t just another blockchain; it’s an open-source, decentralized system developed in Haskell, a high-assurance programming language. This focus on rigorous, mathematically verifiable programming makes it unique among blockchain platforms.</li> 
</ul> 
<ul> 
 <li><strong>Solving Legacy Issues:</strong> Cardano aims to be more than just a me-too blockchain. It has been engineered to address many of the shortcomings seen in first-generation blockchains like Bitcoin ($BTC) and second-generation platforms like Ethereum ($ETH).</li> 
</ul> 
<ul> 
 <li><strong>Emphasizing Security with Ouroboros:</strong> Far from a “silly” name, Ouroboros is the backbone of Cardano’s security infrastructure. It’s the first provably secure and mathematically verified Proof-of-Stake (PoS) blockchain protocol, setting a new standard for security within the blockchain ecosystem.</li> 
</ul> 
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<h2 class="wp-block-heading" id="strong-flexible-and-risk-free-staking-mechanisms-strong"><strong>Flexible and Risk-Free Staking Mechanisms</strong></h2> 
<ul> 
 <li><strong>Staking Without the Strings:</strong> Cardano offers PoS staking with zero lock-in period, which means you can stake your $ADA tokens without having to commit them for a set timeframe. However, beware the hardware requirements—I learned the hard way that you might need a significant amount of disk space to run a network node.</li> 
</ul> 
<ul> 
 <li><strong>Two Layers for Diverse Use-Cases:</strong> Cardano features a dual-layer architecture: The Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). While CSL manages value transfer and employs not just one but two scripting languages for added flexibility, the CCL layer adds computational capabilities, making the platform more versatile than one might initially think.</li> 
</ul> 
<h2 class="wp-block-heading" id="strong-the-environmental-angle-and-innovations-strong"><strong>The Environmental Angle and Innovations</strong></h2> 
<ul> 
 <li><strong>Environmental Sustainability:</strong> Cardano didn’t merely introduce the world to PoS; it also championed a more environmentally sustainable approach to blockchain operations, contrasting the energy-intensive Proof-of-Work (PoW) and less-known Proof-of-Bury (PoB) mechanisms.</li> 
</ul> 
<ul> 
 <li><strong>Ethiopian Coffee &amp; Beyond:</strong> Ethiopia utilizes Cardano’s blockchain for its coffee supply chain, signaling significant real-world application. If this usage expands to other countries or industries, the bullish case for Cardano becomes even stronger.</li> 
 <li><strong>Web3 and Africa:</strong> Cardano has been aggressively courting the African mobile market to integrate it into the web3 ecosystem. While tech mogul Mark Cuban remains skeptical, this move represents a significant attempt to bring decentralized technology to the continent.</li> 
</ul> 
<h2 class="wp-block-heading" id="strong-market-metrics-and-social-signals-strong"><strong>Market Metrics and Social Signals</strong></h2> 
<p>Cardano continues to see a rise in on-chain transaction volume, even as its market valuation has not quite recovered from its April peak. This suggests that utility—not just speculation—is driving interest in $ADA.</p> 
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 <img decoding="async" loading="lazy" width="1024" height="658" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-1024x658.png" alt="" class="wp-image-327674" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-1024x658.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-300x193.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-767x493.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-1536x987.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-2048x1316.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-233x150.png 233w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-545x350.png 545w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39-788x506.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-39.png 680w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p> 
<p>So, why does Cardano attract its share of skeptics? Maybe it’s because the platform is ambitious, or perhaps it’s due to a general wariness about newer blockchain technologies. But from my deep dive, Cardano appears to be a blockchain with both promise and purpose.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/top-analyst-is-more-bullish-than-ever-on-ada-after-conducting-detailed-technical-research-on-cardano/">Top Analyst Is ‘More Bullish Than Ever’ on ADA After Conducting Detailed Technical Research on Cardano</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Top Analyst Is ‘More Bullish Than Ever’ on ADA After Conducting Detailed Technical Research on Cardano

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