What is Cardano?

The Cardano blockchain runs the Ada cryptocurrency. Cardano is more than a cryptocurrency. It is a technological platform that is capable of running financial applications all over the world. This is used to send and receive digital funds. The platform is constructed in layers and this gives the system the flexibility to be more easily maintained. This digital cash is the money of the future where transactions are safe, fast and direct. This gives people the freedom to move their funds easily and safely and at any given time. It is accessible 24 hours a day.

Cardano among the top ten cryptocurrencies

Since Cardano reached the top ten cryptocurrencies by market capitalization, it has received lots of attention. This cryptocurrency has arrived at the point that not many virtual currencies have managed to arrive at. Cardano is the first blockchain platform that is based on a scientific philosophy and the only one to be designed and built by a global team of leading academics and engineers. It is essential that the technology is secure, flexible and scalable for use by many millions of users.

Cardano will balance the needs of users with those of regulators, and in so doing, combine privacy with regulation. In fact, Cardano will bring greater financial inclusion by providing open access for all. Ouroboros is Cardano’s algorithm and may be one of the solutions for blockchain scaling difficulties. With the algorithm, the need for an energy-hungry proof of work protocol is eliminated and also Ouroboros has been mathematically proven that secure and has never been compromised.

Another well-made crypto currency is Litecoin

Cardano as a new experience

Cardano has named its special wallet where it stores ADA; Daedalus. This wallet will be able to run decentralized applications on the blockchain. The private keys are encrypted, protecting the user against attacks or malware. Cardano offers a really interesting platform similar to what NEO and Etehreum offer.

Cardano has its own Block Explorer. The Cardano Testnet is a pilot version of the network on which engineers are running tests to make sure that it is operating smoothly and securely. Regarding the Cardano roadmap, this is being regularly updated with a countdown clock indicating the next release. Cardano always keeps the general public up to date with their news. The Cardano roadmap belongs to the whole community. When a cryptocurrency is new, it needs guidance to help it along the way, however, in the near future, it will be in the hands of the users.

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This post is also available in: Italian

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