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

Autres articles publiés le 24 juil. 2024

Earn Coins With Musk Empire Daily Investment Code: 24 July 2024

Bitstamp to Begin Mt. Gox Creditors Bitcoin Payouts

Russia Duma Passes Bill To Legalize Bitcoin Mining & Crypto Payments

European Investment Bank calls for more ‘innovation’ financing in EU

MEW Price Prediction: Can Cat In A Dog’s Hit the Moon Next?

US Releases PMI Data Affecting Bitcoin

Join our free newsletter for daily crypto updates!