CheapStakings Favorite CryptoCurrency: CARDANO
What is Cardano?
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Cardano is home to the Ada cryptocurrency, which can be used to send and receive digital funds. This digital cash represents the future of money, making possible fast, direct transfers that are guaranteed to be secure through the use of cryptography.
Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world.
The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks. After the settlement layer that will run Ada is complete, a separate computing layer will be built to handle smart contracts, the digital legal agreements that will underpin future commerce and business.
Cardano will also run decentralised applications, or dapps, services not controlled by any single party but instead operate on a blockchain.
Future Of CryptoCurrencies
The Real Vision interview with Charles Hoskinson, CEO Input Output Hong Kong
The 3 entities that develop CardanoInput Output Hong Kong (IOHK)
The research and development company. IOHK does the research, develops and maintains the protocol.
Drives adoption by investing in start-ups and assists commercial ventures to build on the Cardano blockchain
A non-profit foundation, based in Switzerland, acts as a supervisory and strengthens the community.