![]() ![]() It will change many things within Cardano, such as introducing the programming language Plutus and increasing network capacity. Vasil hard fork is named after Vasil Dabov and is anticipated to be the revolutionary hard fork for Cardano. It enables the users to create and deploy smart contracts on Cardano allowing native dapps built on blockchain. On September 2021, Cardano ended the Shelley era and started the Alonzo phase. Hoskinson said at the time that this would make it possible for more assets to run on its network. The Proof of stake makes the blockchain more energy efficient, which means it is less expensive for users.Ī Shelley upgrade was orchestrated by Cardano in 2020 to make its blockchain “50 to 100 times more decentralized” than those of other significant blockchains. ![]() The blockchain team claims that there are a number of intriguing applications for its technology, which aims to enable the modular creation of decentralized apps and smart contr What makes Cardano different from others?Ĭardano’s consensus mechanism PoS makes it stand out from many others. Owners of the cryptocurrency can thus cast a vote on any software modifications that are being proposed. Owner participation in the network’s operation is guaranteed by the ADA token. The digital currency created by Cardano is called Ada in honor of Augusta Ada King, Countess of Lovelace, who is widely regarded as the first computer programmer.Ĭardano aims to redistribute power from unaccountable structures to a secure, fair, and transparent society. He is currently holding the position of CEO at IOHK, the founder company of Cardano. The man behind the coin is Charles Hoskinson, who was also one of the co-founders of Ethereum. It aims to compete with Ethereum and offer a more scalable and secure platform.Ĭardano was founded in 2015 but launched in 2017. It is considered the third generation of blockchain technology. Cardano is an open-source decentralized platform working on a proof-of-stake consensus mechanism. ![]()
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