CARDANO Blockchain (ADA) - What is it?
What is it?
Highly secured, open source, decentralized platform for smart contracts with a special look at scientific philosophy.
Since when?
Since 2015, so a very young project.
How?
Cardano is an own blockchain, highly secured written in "Haskell".
By store accounting and technical aspects in different layers: Cardano Settlement Layer (CSL) and Cardano Computation Layer (CCL).
The token's name will be ADA.
Wherefore?
To support research and development in the cryptocurrency world.
The most important two facts:
- "Small groups of academics and developers competing with peer reviewed research"
- "Fast iteration between white papers, implementation and new research required to correct issues discovered during review"
In general they are developping ADA, as a cryptocurreny that has not the same problems and disadvantages the others do have. This is what the teams says:
- "Learning from the nearly 1,000 altcoins by embracing features that make sense"
Read more about their philosophy. (There is no official roadmap yet)
I like the idea and their somewhat provocative way of commerce.
I am super excited what is going to happen with this crypto platform. What do you think? Do you like the idea
or not? Leave a comment below.
Thanks for reading, and thanks for all upvotes and comments.
Love, Cryptoleen
Source of the pic and the content: https://www.cardanohub.org/en/home/
Great post. This project was also started by Charles Hoskinson, a former Ethereum CEO, and co-founder.
Thanks for this addition!