Cardano is a blockchain that was launched in 2015 by Input Output Hong Kong (IOHK), a technology company owned by Charles Hoskinson. Interestingly, he previously worked on the development of Ethereum.
It can be said that Cardano is a decentralized, open-source platform with a public registry. However, what is very important, it has its source code, created entirely from scratch. It also has its cryptocurrency called ADA. The name was created in reference to the 19th-century British mathematician Ada Lovelace, who made history as the first female programmer.
Cardano blockchain is an answer to the market's problems with high transaction fees and long transaction times. Cardano's patented Proof-of-Stake system, Ouroboros, dramatically improves network performance while reducing energy costs. Importantly, all this is done without compromising the security of transactions. Cardano's mission was to build a comprehensive all-in-one platform for smart contracts, decentralized applications (dApps) or tokens distributed during ICOs.
Cardano can be bought on many well-known and well-respected cryptocurrency exchanges. Among them are Bittrex, Binance, HitBTC or Binance. Furthermore, the outlook for Cardano is very optimistic, which should make it all the more important for investors to learn more about this blockchain.
Cryptocurrencies are revolutionizing the banking market and our way of using money. In just a little over a decade, Bitcoin and other virtual currencies have become the digital alternative to government-issued currencies. For anyone wondering what cryptocurrencies are, how they work, and whether cryptocurrencies are worth buying for investment purposes, we’ve prepared an article dedicated […]
