Presentation and definition of the crypto-currency Cardano (ADA)

Presentation and definition of the crypto-currency Cardano (ADA)

  • Name of the crypto-currency : Cardano
  • Acronym : ADA
  • Where to buy the Cardano ? Binance, Bitbay
  • Creation Date : 2017
  • White paper Cardano
  • Web Site

Presentation of the network Cardano

Cardano is a decentralised protocol that works with a system of blockchain that allows you to create free applications and the formalisation of smart contracts, in its own language Plutus, for maximum security. The process Cardano offers more features than competing networks that have previously been developed and claimed as a new design of crypto-currency that seeks to define a balance between the users and the regulatory agencies protecting the privacy of the first while striving to understand the requirements of the latter. Cardano is open-source and community, and its protocol of blockchain in layers allows a certain flexibility and presents a changing character.

The consensus Proof of Stack

The process uses tokens to ADA. This is the first virtual currency, which has recourse to the Haskell code, a programming language ultra-powerful. This code is based on the combinatorial logic and the lamba-calculus. In the context of crypto-currencies, it can ensure the reliability of transactions. Cardano goes through a mathematical algorithm called proof-of-stake delegate (proof of stack) for the validation of blocks. The consensus is called Ouroboros and does not require an excessive consumption of electricity to complete the blocks, unlike the system of mining of Bitcoin.

Cardano, Ethereum japanese

In its operation, Cardano is closer to Ethereum, and is often called Ethereum japanese. Its crypto currency, the Ada, can be manipulated via the electronic wallet Deadalus. 45 billion of chips Ada have been issued at the launch of the platform.