Post
Topic
Board Altcoin Discussion
Re: Opinion on Cardano
by
rokok lokal
on 07/04/2023, 08:04:31 UTC
What I know about Cardano is a decentralized blockchain platform that aims to provide a secure and sustainable infrastructure for smart contracts and decentralized applications. It was created by Charles Hoskinson, co-founder of Ethereum, in 2015. Cardano uses a proof of stake consensus mechanism, which is less energy intensive than the proof of work used by other cryptocurrencies.

Cardano has gained popularity among investors and developers alike, as it offers several features that set it apart from other blockchain platforms. This includes its layered architecture, which allows for easier updates and maintenance, and its focus on academic research and peer review to ensure platform security and scalability.

In terms of market performance, Cardano has experienced significant growth in recent years. As of April 2023, it is one of the top ten cryptocurrencies by market cap, with a market cap of over $100 billion USD. Please note that like all cryptocurrencies, Cardano's value is fluid and may fluctuate based on factors such as market demand and adoption. I hope this information was helpful in answering your questions about Cardano.