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Showing posts from May, 2022

What Is Cardano (ADA)? Advantages of cardano.

  What Is Cardano (ADA)? Cardano is a blockchain platform that uses a special cryptocurrency called ADA to perform transactions. The Cardano platform can handle a wide range of transactions, but the ultimate goal is to create an ecosystem that allows for smooth interoperability between multiple blockchains. Let's have a look at how Cardano (ADA) compares to the other main cryptocurrencies. What is Cardano? Cardano is a blockchain, and ADA is the Cardano network's currency. In some aspects, this is identical to ether and the Ethereum blockchain. Consider Bitcoin to be Crypto 1.0. It's essentially digital gold, however, there are scalability concerns with the system. Then there's Ethereum, dubbed "Crypto 2.0" by some. Cardano is a Crypto 3.0 project that was developed in 2017 to improve upon the capabilities that Ethereum lacked at the time. Cardano was founded by Charles Hoskinson, who is also a co-founder of Ethereum. Due to a disagreement with co-founder Vita