Cardano And It’s Blockchain Part 1
- How many of you know exactly what the Cardano blockchain is?
- The Cardano Foundation has you covered however and they have published an article to help benefit the non-tech savvy Cardano investors who wish to know more.
I’m sure everyone here has heard of Cardano, I mean it’s one of the biggest cryptocurrencies in the markets so I’m guessing we’re on the same page. But today, the question is, how many of you know exactly what the Cardano blockchain is? We commonly find that investors simply just have an interest in just that, the investing side in a cryptocurrency, without actually understanding the processes that works for the cryptocurrency to become what it is.
The Cardano Foundation has you covered however and they have published an article to help benefit the non-tech savvy Cardano investors who wish to know more about the technology.
In the article, which you can read here was written by the CTO of Emrugo, Nicolás Arqueros shows some of the highlights and important technical aspects that drive Cardano.
Here are the best bits.
“Cardano is a blockchain that seeks to deliver more advanced features than any protocol previously developed. Specifically, we aim to improve state of the art for Scalability, Interoperability, Sustainability, and Smart Contracts. I will explain more about these in the following sections. Cardano is not a company, but rather a group of three organizations: IOHK, the Cardano Foundation and Emurgo.”
The Cardano blockchain addresses several problems within the current blockchain world, including Scalability, Smart Contract Hacks and Funding. These problems are addressed via an intelligent protocol.
Cardano works by addressing these issues to help build a more scalable blockchain that is safe and secure from hacks, whilst simultaneously allowing for more intelligent smart contract conditions.
We’re going to go through more of the highlights in another article so make sure to keep an eye out!
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