Review on Cardano by Douglas Cachazo

Name: Cardano
Item: Cardano
Rating: 5

September 04, 2020

Cardano ADA: Blockchain and cryptocurrency project developed with new and own technologies.

Cardano is not just a Cryptocurrency, it is a whole chain of its own blocks with its corresponding cryptocurrency ADA, it was founded in 2015 by the Cardano foundation in Switzerland, for its development it has a large team of engineers and researchers from all over the world. related to blockchain technologies and a group of prestigious companies. Among the team is one of the founders of the Ethereum project. Of the companies that participate in the development, I can mention: IOHK, which is a very recognized company in the development of cryptocurrencies, Emurgo, which is in charge of its horizontal growth, such as investing in new companies, seeking partnerships, assistance to commercial companies to participate. on the Cardano blockchain. In my opinion, saying that it is third generation is not entirely correct, it does not happen in the world of computer technologies that does apply, The term third generation is given by the way the project has been developed, the first generation is based on Bitcoin, The second on the ethereum platform in which the same development tools as ethereum were used and finally the third generation in which they improve the experiences of Bitcoin and Ethereum and go a step further by using their own development tools and new technologies, Now there are several projects in parallel that point in the same direction as Cardano and in that sense they focus on their own Blockchain and development of scalable, secure, decentralized and open source Dapps. In order for the platform to provide a fast, secure and scalable service that at the end of the road gives them supremacy and becomes the standard, but for that to happen there is a long way to go and most likely with the unstoppable dynamics of new technologies emerging, so far many in terms of development are based on java scrips code. The open source smart transaction platform works in layers. The first CSL is in charge of things related to cryptocurrency and the second CCL the transactions. Mining differs from Bitcoin and Ethereun and is based on other algorithms assigned by nodes to create blocks, making it faster and without the need for powerful PCs and video cards with high electrical consumption. The cryptocurrency is among the 10 most important you can buy and exchange in many exchanges and the official wallets are: Deadalus and Yoroi. At the time of writing this review, the price of Cardano was $ 0.113895.

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