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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:
- Scalability: increase transactions/sec & decrease bandwidth.
- Interoperability: Cardano allows to convert other crypto and allows meta-data to be attached to transactions, making it more government or banking friendly.
- Sustainability: The project maintains an independent treasury founded by a % of each transaction, which acts as a VC body.
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How Cardano scales transactions/sec
ETH biggest problems is the low transactions per second:
- 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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