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Topic: What is Cardano? Email this topic to a friend | Subscribe to this TopicReport this Topic to Moderator
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December 02, 2021 at 12:11:36 AM
Joined: 12/01/2021
Posts: 11

Cardano was created as an alternative to Ethereum and is the first peer-reviewed decentralized blockchain protocol using a scientific approach. Cardano developers aim to create a blockchain platform that can process more transactions at low cost. At the same time, registry technology and smart contract infrastructure are integrated to protect user data.

The Cardano blockchain allows people to create smart contracts, decentralized applications and protocols, as well as instantly send and receive funds with minimal fees. The Cardano token called ADA is used to transfer funds, like many other tokens. But it differs from other cryptocurrencies in its functionality. The staking pool operators use it in the staking system to maintain protocol security. And those who stake their ADA tokens in the blockchain use them to verify transactions.

In addition, active users are also rewarded with ADA coins for participating in the provision of security. For example, ADA holders use their coins to vote on changes or improvements to the protocol, thereby participating in its development. Also, developers use it as an energy source for their smart contracts that run on the Cardano blockchain.

Although Cardano combines the functions of Ethereum and Bitcoin, it has some other offshoots and features inherent in third-generation blockchains that help it cope with its limitations. One of Cardano's unique approaches is based on scientific philosophy and peer-reviewed scientific data. This means that all changes or new features must be developed, reviewed and agreed upon by scientists before they are implemented.

It is also worth noting that Cardano was created when Ethereum was still at an early stage of development. All the limitations of Ethereum, which will be given below, relate to its version 1.0 and now do not matter, since the project is finally switching to PoS and implementing sharding technology.

December 02, 2021 at 10:46:12 AM
Joined: 12/02/2021
Posts: 8

By the way, you can open any crypto exchange right now in real time and see that Cardano has a pretty good growth. I also advise you to pay attention to how investors do ada-staked, so this is a great opportunity to make money on this altcoin. If you want to learn more, I advise you to join the link provided and use crypto bots.

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