Cardano is a cryptocurrency network and open source project that aims to run a public blockchain platform for smart contracts. Cardano’s main cryptocurrency is called Ada. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland.
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins to individuals and be an enabling force for positive change and progress
Supply limit: 45,000,000,000
Initial release date: 2015
Ticker symbol: ADA
What is Cardano Ada used for?
Cardano is home to the Ada cryptocurrency, which can be used to send and receive digital funds. This digital cash represents the future of money, making possible fast, direct transfers that are guaranteed to be safe through the usage of cryptography.
The Cardano Settlement Layer (CSL) is used to settle transactions that use ADA, Cardano’s cryptocurrency. The Control Layer, which is under development, will be used for smart contracts. The hierarchical structure of Cardano ensures that it can be used as a medium of exchange and as well as to produce smart contracts.
Cardano Five Stages
The full launch of Cardano will be executed in five phases:
- Byron (core of the protocol)
- Shelley (progressive decentralization where we are today)
- Goguen (multi-asset and smart-contract development)
- Basho (scalability and side-chain enablement)
- Voltaire (governance and voting)
Is Cardano a good investment?
A large number of partners support Cardano’s long term growth potential. All this and the latest technical analysis, market trends, and expert opinions prove that Cardano is a good investment option to bring great profit to its investors.
Debopriya RoyMarch 22, 2022 - 4:31 pm
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