Cardano's New Algorithmic Stablecoin DJED
Zach Anderson Feb 01, 2023
CARDANO
What is Cardano?
Cardano is a fully open-source decentralized public blockchain and cryptocurrency project built by blockchain engineering firm, Input Output (IOHK). The platform maintains operations for its ADA cryptocurrency, and is multilayered, which gives the system the elasticity to be easily maintained and upgraded with a soft fork. Cardano uses a proof-of-stake (PoS) system, which allows for greater scalability and reduces electricity requirements. Cardano is the first blockchain platform to evolve out of a scientific philosophy and takes a research-first driven approach. Cardano describes itself as a third-generation blockchain platform, aiming to significantly improve shortcomings of the first generation, Bitcoin, and the second generation, Ethereum, including smart contracts. Please see below for Cardano news, Cardano ADA price predictions, and more.
Cardano is a fully open-source decentralized public blockchain and cryptocurrency project built by blockchain engineering firm, Input Output (IOHK). The platform maintains operations for its ADA cryptocurrency, and is multilayered, which gives the system the elasticity to be easily maintained and upgraded with a soft fork. Cardano uses a proof-of-stake (PoS) system, which allows for greater scalability and reduces electricity requirements. Cardano is the first blockchain platform to evolve out of a scientific philosophy and takes a research-first driven approach. Cardano describes itself as a third-generation blockchain platform, aiming to significantly improve shortcomings of the first generation, Bitcoin, and the second generation, Ethereum, including smart contracts. Please see below for Cardano news, Cardano ADA price predictions, and more.
Basic Info
Creator: Charles Hoskinson
Created in: 2015
Consensus: Proof of Stake (PoS)
Creator: Charles Hoskinson
Created in: 2015
Consensus: Proof of Stake (PoS)