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Cardano Ecosystem

Cexplorer

01/25/2023

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What is Cardano (newcomers)

Cardano is a decentralized, open-source blockchain platform that was developed and launched in 2017 by Input Output Hong Kong (IOHK), a blockchain research and development company.

What is Cardano (newcomers)

Cardano is a decentralized, open-source blockchain platform that was developed and launched in 2017 by Input Output Hong Kong (IOHK), a blockchain research and development company. 

The platform was created to address some of the scalability, security, and interoperability issues that plague many other blockchain networks, such as Bitcoin and Ethereum. 

One of the key features of Cardano is its use of a proof-of-stake (PoS) consensus algorithm, which is designed to be more energy-efficient and secure than the proof-of-work (PoW) algorithm used by Bitcoin and Ethereum. 

With PoS, the chance of a node being selected to validate a block is proportional to the amount of Cardano tokens (ADA) that the node holds. 

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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