$ADA: Cardano Foundation Explains the Blockchain’s Appeal for Project Creation

Posted on

The Cardano Foundation recently outlined the numerous benefits of using the Cardano ($ADA) blockchain as a preferred platform for project development.

Among the key advantages they mentioned are the following:

Enhanced Storage Solutions

  • Superior efficiency in data management: Cardano can accommodate up to 16 KB of data within a single transaction, streamlining the processing of information.
  • More than adequate data storage capabilities: Platform metadata records can hold all necessary data to adhere to international industry regulations.
  • Flexibility in programming: Developers can opt for their preferred mainstream or specialized programming languages when working with Cardano.

Deterministic Fees

  • Cost predictability: The fees are directly proportional to the resources consumed, such as memory, CPU, and storage.
  • Early detection of failed transactions: The outcome of transactions can be ascertained in advance, allowing users to anticipate failures.
  • Scaling made easy: Cardano simplifies cost predictions, facilitating the scaling of applications.

Sophisticated Metadata Applications

  • Customization at a low cost: Cardano allows users to select any type of information for embedding as metadata, offering high levels of adaptability.
  • Compliance with international data standards: The platform’s metadata records can store all the essential information needed to meet transparency obligations.
  • Wide-ranging adaptability: Flexible metadata records on Cardano can cater to a wide variety of applications and microtransactions, fulfilling diverse needs and objectives.
  • Ensured accuracy and authenticity: Metadata records can be verified by professional third parties and end users, guaranteeing their authenticity and accuracy.

 IO Global (“IOG”), the company responsible for Cardano’s research and development, 

has released its latest weekly development report, offering a glimpse into the ongoing advancements and enhancements in the project.

The report (which is for the week that ended on March 24) covers various aspects of Cardano’s technology, wallets and services, smart contracts, scaling, and governance. The report included an infographic highlighting various Cardano statistics, such as 118 projects launched on Cardano, 8.03 million native tokens created, 7489 Plutus scripts, 1215 projects building on Cardano, and 63.5 million transactions processed on the network.


Source: Read Full Article