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Cardano

Explore the world of Cardano, a cutting-edge blockchain platform known for its sustainable approach, rigorous research-driven development, and innovative use cases. From in-depth analyses of its consensus mechanism to insights into the projects and applications built on its robust infrastructure, this category delves into all things Cardano. Stay updated on the latest developments, learn about its potential impact on various industries, and join the conversation surrounding this pioneering blockchain technology.

What is Cardano Coin and For What It Is Used For?

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Cardano (ADA) is a cryptocurrency that operates on the Cardano blockchain, a decentralized, open-source platform that aims to provide a more secure and sustainable network for executing smart contracts and decentralized applications (dApps). It was created by IOHK (Input Output Hong Kong), a blockchain research and development company, and launched in September 2017.

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The Cardano platform is built on a proof-of-stake (PoS) consensus mechanism, which is considered to be more energy-efficient and scalable than the proof-of-work (PoW) mechanism used by Bitcoin and other cryptocurrencies. The PoS mechanism requires users to stake their ADA coins to participate in the network’s consensus process, rather than requiring large amounts of computational power like PoW. This makes it more accessible for the average user to participate in the network and also reduces the overall energy consumption of the platform.
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