Cardano is an open-source blockchain platform with sophisticated qualities and the first one developed from scientific philosophy. The project was started in 2015 with the aim to change the development of cryptocurrencies. It took a lot of time and effort actually to launch Cardano as a finished product. Different groups were assembled to conduct some scientific researchers, systems were developed, codes tested, and stakeholders were attracted. It was built to be scalable, flexible and secure.Cardano is a technology platform that will be able to manage financial applications used by organizations, governments, and ordinary people on a daily basis. The platform is created in many layers, which gives it flexibility and facilitate the possibility of future updates. Cardano will allow the making of smart contracts and digital legal agreements. Cardano implements new Proof-of-Stake mining called Ouroboros, which eliminated the power consumption and has been mathematically proven to be secure. The token name of Cardano is ADA, and the wallet is called Daedalus. It has a lot of unique features like encrypted private keys and spending passwords, transactions monitoring and protection against malware. Exchanging, buying or selling ADA coins can be done on Bitterex, Huobi, and Cryptopia.

Comments