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Cardano has been different from other blockchain projects from the start. In lieu of publishing a white paper, Cardano adopted a collection of unique design principles, engineering best practices, and created avenues for continued exploration to achieve its goals. This decision has seen the Ethereum challenger gaining global prominence in a few short years. The project remains entirely open source and unpatented.
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What the Cardano team did with the Ouroboros is to divide physical time into epochs made of slots. These so-called epochs operate in an annular fashion whereby when one epoch ends; another comes online. This helps to reduce network congestion and save ...
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Cardano developers can now create custom tokens or import projects from other blockchains into the Cardano network. This could be beneficial for new and interesting projects such in the DeFi and NFT ecosystem.
Whi...
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Bitcoin was created to eliminate a central authority in verifying transactions. Due to its simple design, it was very secure.
Ethereum brought smart contracts and decentralized apps. But Ethereum has run into such problems as
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Cardano is supported by the same-named foundation that aids the research and development of the protocol and its community. The Cardano project’s development is spearheaded by the for-profit company Input Output Hong Kong (IOHK). Hoskinson also heads IOHK. The project signed up leading academics ...
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The Cardano blockchain is stratified into two layers, the Cardano Settlement Layer (CSL) and the Cardano Computational Layer (CCL).
The CSL is Cardano’s balance ledger. Using a proof-of-stake consensus algorithm (Ouroboros protocol) to generate new blocks and confirm transactions.
Thi...
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Cardano is a public, open-source blockchain for building and running smart contracts and other decentralized protocols. The project was built from the ground-up by a team led by Charles Hoskinson , a co-founder of Ethereum. In contrast to many blockchains, Cardano did not kick off with a white pa...
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