Cardano ($ADA) – Altcoin Reviews

Hello everyone, welcome to another Altcoin Review. Recently, U.S.-made cryptocurrencies have generated a lot of hype, and Cardano (ADA) was one of them. So today, we will do a detailed review of Cardano and explore its technology and how it works.

Cardano (ADA) is a blockchain platform designed to be secure, scalable, and sustainable. Founded in 2017 by Charles Hoskinson, a co-founder of Ethereum, Cardano aims to create a balanced ecosystem for cryptocurrencies. Its native token, ADA, is used for transactions, staking, and governance. Let’s break down everything you need to know about Cardano in simple terms.

Platform and Technology

Cardano’s main goal is to solve the “blockchain trilemma”: balancing security, scalability, and decentralization.

Here’s how it works:

1. Proof-of-Stake (PoS) Consensus: Cardano uses a system called Ouroboros, which lets users stake ADA tokens to help validate transactions and secure the network. Unlike Bitcoin’s energy-heavy proof-of-work system, Ouroboros is energy-efficient.

2. Layered Architecture: The platform has two layers:

• Settlement Layer: Handles ADA transactions.
• Computation Layer: Runs smart contracts (self-executing agreements) and decentralized apps (dApps).

 

3. Peer-Reviewed Research: Every upgrade to Cardano is tested and reviewed by scientists and programmers. This makes the network highly secure and reliable.

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