Cardano - The next crypto technology
Cardano - The next crypto technology Introduction This article aims to introduce Cardano technology through a FAQ-like article What is Cardano ? Cardano is a technological platform that will be capable of running financial applications currently used every day by individuals, organizations 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. Cardano SL (settlement layer) use proof of stake to validate and verify it's blocks. What is ADA ? ADA is the main currency "hosted" by the Cardano blockchain, the cardano team is planning to run multiple Cryptocurrencies (as Bitcoin and Ethereum) on the same wallet. What is PoS (Proof of stake) ? Proof of Stake is a novel approach to block generation. The core idea of Proof of Stake is that instead of wasting electricity on cracking computationally