Cardano

By: WEEX|2024/10/21 05:38:54

Cardano is a decentralized, open-source blockchain platform designed to facilitate smart contracts and decentralized applications (dApps). It uses a unique proof-of-stake (PoS) consensus mechanism called Ouroboros, which is designed to be more energy-efficient than proof-of-work (PoW) systems. The native cryptocurrency of the Cardano blockchain is ADA, which is used for transactions and staking on the network. Unlike Ethereum, which began with a more flexible and less structured approach, Cardano was developed with a research-driven design, emphasizing peer-reviewed academic work and formal methods for improving the protocol. The platform aims to provide a balanced and sustainable ecosystem by offering scalability, security, and interoperability. Examples of projects on Cardano include DeFi platforms, NFT marketplaces, and supply chain tracking applications.

Changpeng Zhao (CZ)Byzantine Fault Tolerance (BFT)

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