Cardano

<p>Cardano is a proof-of-stake blockchain with big dreams of improving blockchain scalability and bringing about dApp development while consuming less power. It&#39;s a third-generation blockchain that wants to be everything the previous two generations were not.</p><p>Related: <a href="https://hodlfm.com/ethereum/what-is-ethereum-explainer/" rel="noopener noreferrer nofollow">What is Ethereum? Explainer</a></p><p>In this article, we’ll tell you more about Cardano. You’ll learn about its history, the features of the Cardano network, and how different it is from other cryptocurrencies. We’ll also do a little Cardano price analysis and tell you if there’s a future in this blockchain.</p><h2 id="header-0">What is Cardano (ADA)?</h2><p>Cardano is a Proof-of-Stake (PoS) blockchain that is designed to be more sustainable and secure than earlier blockchains. The POS consensus mechanism consumes less power than Proof-of-Work (PoW) blockchains like Bitcoin, making Cardano more energy efficient.</p><p>While developing this blockchain, its developers ensured that all the technology they used was subject to rigorous peer review. This means nothing happened in the dark, as every move could be challenged by the community before it was implemented. This academia-like approach has made Cardano the resilient blockchain that it&#39;s known as today, as most future problems were detected on time.</p><p>As a third-generation blockchain, Cardano is better designed to handle scalability (a bigger crowd) than older blockchains. This blockchain also creates a suitable environment for decentralized applications (dApps) and smart contracts.</p><p>Cardano blockchain technology works with a two-layer architecture: the Cardano Computation Layer (CCL) and the Cardano Settlement Layer (CSL). The Cardano Computation Layer handles smart contracts and dApps, while the Cardano Settlement Layer handles all transactions and balancing of ADA.</p><p></p><h2 id="header-1"><a href="https://hodlfm.com/education/what-is-cardano/" rel="noopener noreferrer nofollow">READ MORE ON HODL FM</a></h2>

What is Cardano? Explainer

Table of Contents

hodl.fm

Other articles published on Jul 24, 2024

Earn With MemeFi's Exciting Daily Combo For 25 July 2024

Polymarket Adopts MoonPay for Transactions

Pepe Price Surges 5% as Open Interest Grows: Could This Signal a New ATH?

Crypto: Kamala Harris More Open Than Ever to AI and Bitcoin!

Proton Mail Launches Bitcoin Wallet for Ultimate Security

Crypto Bubbles: Understanding Market Volatility and Risks

Join our free newsletter for daily crypto updates!