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:<ol><li>Scalability: increase transactions/sec & decrease bandwidth.</li><li>Interoperability: Cardano allows to convert other crypto and allows meta-data to be attached to transactions, making it more government or banking friendly. </li><li>Sustainability: The project maintains an independent treasury founded by a % of each transaction, which acts as a VC body. </li></ol>

Cardano (ADA coin)

ETH biggest problems is the low transactions per second:<ol><li>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 block can be created). The network elects a slot leader and that's the only one that can mine a slot. Slot leaders verify transactions and put them inside a block. The number of slots per epic can be varied and multiple epochs per epics can be run.</li><li>Cardano splits its network into multiple sub-networks using a method called RINA. Each node will be part of a sub-network.</li></ol>

How Cardano scales transactions/sec

Cardano (ADA) is gaining a lot of traction, but what makes it so special? In this video I'll explain all the problems that the Cardano team intends to solve. It boils down to: Scalability, Interoperability and Sustainability. Watch the video to learn more! 💰 Get $10 of free Bitcoin: Use my Coinbase affiliate link, and we'll both get $10 of free Bitcoin when you deposit $100: https://coinbase.com/join/decuyp_9 🌍 Social Twitter: https://twitter.com/Savjee Facebook: https://facebook.com/Savjee Blog: https://savjee.be 💌 Newsletter: http://newsletter.savjee.be (no more than once a month) ❤️ Become a Simply Explained member: https://www.youtube.com/channel/UCnxrdFPXJMeHru_b4Q_vTPQ/join 📚 Sources can be found on my website: https://www.savjee.be/videos/simply-explained/cardano/

crypto

Cryptocurrency

moneyandinvestments

Money & Investments

Cardano (ADA) is gaining a lot of traction, but what makes it so special? In this video I'll explain all the problems that the Cardano team intends to solve.

It boils down to: Scalability, Interoperability and Sustainability. Watch the video to learn more!

💌  Sign up for Simply Explained Newsletter:
https://newsletter.simplyexplained.com
Monthly newsletter with cool stuff I found on the internet (related to science, technology, biology, and other nerdy things)! No spam. Ever. Promise!

💰 Get $10 of free Bitcoin:
Use my Coinbase affiliate link, and we'll both get $10 of free Bitcoin when you deposit $100:
https://coinbase.com/join/decuyp_9

🌍 Social
Twitter: https://twitter.com/Savjee
Facebook: https://facebook.com/Savjee
Blog: https://savjee.be

❤️ Become a Simply Explained member: https://www.youtube.com/channel/UCnxrdFPXJMeHru_b4Q_vTPQ/join

📚 Sources can be found on my website:
https://www.savjee.be/videos/simply-explained/cardano/

#cardano #crypto #blockchain #innovation #simplyexplained

Taking complicated topics and explaining them in plain English. 

My name is Xavier. I’m very passionate about all kinds of technologies and I love taking complex topics and explaining them in a simple and straightforward way. It’s this passion that got me into making YouTube videos.

With this channel, I hope to pass along some of my knowledge to others. Let me know if you have suggestions for future videos or improvements.

Cardano - Simply Explained

Cardano (ADA coin)

How Cardano scales transactions/sec

Vladimir Oane's ideas are part of this journey:

Related collections

Similar ideas