Cardano (ADA) is an innovative Proof-of-Stake Blockchain platform, founded in 2017 by Charles Hoskinson. Its objective is to make the society more transparent and fair. Cardano The ADA Token is named after Ada Lovelace and provides a robust platform for smart contracts and decentralized apps.
What is Cardano (ADA)?
Cardano (ADA) is a Proof-of-Stake Blockchain Platform that aims to help Changemakers, Innovators and Visionaries drive positive global changes. It is an open-source project that not only seeks to shift power away from unfamiliar structures to individuals, but also seeks to create a more secure, transparent, and just society. Cardano was founded in 2017 and its ADA Token is named after mathematician Ada Lovelace. Strong work is being done for the development of smart contracts and decentralized apps on this platform.
Who is the founder of Cardano (ADA)
The founder of Cardano is Charles Hoskinson, who Ethereum Community Was also the co-founder of. Hoskinson is the CEO of IOHK company and created the blockchain of Cardano. Hoskinson started his journey in Cryptocurrency in 2011 and created a course on Bitcoin in 2013, which was learned by 80,000 students. He is also a Generation Entrepreneur and Mathematician and in 2020 his company donated $500,000 to the ADA University of Wyoming.
Why is Cardano unique
Cardano’s specialty lies in its Evidence-of-Stake (PoS) consensus system, which consumes less power than Bitcoin’s Evidence-of-Stake (PoW). Cardano emphasizes instructional evaluation in the development of its technology, which makes it possible to make the blockchain stable and robust. In 2020, the Shelley upgrade made it 50 to 100 times more decentralized than other large blockchains. In 2021, Ingenious Guarantees and DApps development began following the Alonzo Brittle Fork.
How is Cardano Community secure?
The Cardano Community is secured through the “Environmentally Sustainable, Certified Safe” Proof-of-Stake (PoS) Protocol, Ouroboros. This protocol has more security than the PoW Consensus Mechanism but it uses less energy and is four times more energy efficient than Bitcoin. Ouroboros is a unique combination of technology, which includes Mathematical Confirmed Methods, Carried out Psychology and Financial Philosophy. Those who participate in this network also get prizes.
Where can you buy Cardano?
Cardano being one of the largest cryptocurrencies in the world, you will not have much difficulty finding a major exchange to buy Cardano (ADA), you can buy Cardano from Binance, Bittrex, eToro and HitBTC.
Conclusion
Cardano (ADA) is an efficient and secure blockchain platform that provides decentralization and smart contracts capabilities while consuming less energy. If you want to invest in cryptocurrencies, Cardano can be a great option.
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