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Cardano - Simply Explained

Cardano - Simply Explained

Simply Explained

Cardano (ADA coin)

Claims to be a 3rd generation crypto (1st - bitcoin aka digital gold, 2nd - Ethereum, programable money). It is based on peer-reviews papers and solves 3 problems:

  1. Scalability: increase transactions/sec & decrease bandwidth.
  2. Interoperability: C...

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How Cardano scales transactions/sec

ETH biggest problems is the low transactions per second:

  1. Cardano adopts the proof of stake method. Not everyone can mine, only a few called slot-leaders. The time is broken into epochs and each epoch into slots (a short period of time in which a bl...

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