Cardano (ADA) is a completely open source decentralized public blockchain and cryptocurrency initiative. Through its unique technologies, Cardano is creating a smart contract platform that aims to enable complex programmable value transfers in a safe and scalable manner. It is the first blockchain framework to emerge from a theoretical philosophy and a research-driven methodology.
ADA – Cardano, like other cryptocurrencies, is a digital coin that can be used to store value as well as send and receive money. The Cardano cryptocurrency is based on the Cardano blockchain, a first-of-its-kind decentralised network built entirely on science and mathematical principles by cryptography and engineering experts. Smart contracts can be built on the Cardano network, resulting in decentralized applications and protocols. Furthermore, the opportunity to submit and collect funds immediately and at a low fee has many uses in the corporate and financial worlds.
Rather than trying to circumvent global authorities, Cardano is developing a blockchain that is compliant with all legislation in order to deliver financial services to everyone.
Cardano aims to address a number of emerging issues in the blockchain field, including:
• The usage of mathematics to create a blockchain that is provably stable and less vulnerable to attacks.
• Accounting and computing layers are separated.
• Token owners will be able to vote in a safe manner.
• A scalability-independent consensus process
To know more about Cardano and their Team, feel free to visit their website at https://cardano.org/discover-cardano/.