What is Cardano
¿What is Cardano?
Cardano is a public blockchain platform of decentralized origin, created by Charles Hoskinson in 2015 and officially launched in 2017.
The name Gerolamo Cardano was given to him to commemorate one of the most respected mathematicians of the Renaissance era.
Its coin is named ADA in honor of Ada Laovelance, a pioneer of programming in 1815.
¿What does it offer?
Cardano offers to be named as a third generation blockchain.
With features to send and receive value, develop smart contracts and have a flexible and easily adaptable ecosystem.
Also, it offers to obtain a large number of benchmarks or milestones achieved thanks to the support of IOHK and the great scientific society and users that are associated in its environment.
¿How does it work?
It works with a new algorithm for its proof of stake known as Ouroboros.
It decides how individual nodes reach consensus on the blockchain network.
Cardano uses a programming language known as Haskel.
This language is very accepted to secure the investment, without a doubt it helps a lot to write the programming code in a more exact way, which means that it is much more secure and reliable.
¿How is Cardano regulated?
The progress of the project is monitored by the Cardano Foundation.
¿Why do people use Cardano?
Users use Cardano for its great innovation and creation of concepts for this technology, this is just a sample of the great potential that the blockchain has in its power.
In turn, ADA has had one of the biggest growths in the cryptocurrency community.
¿How is Cardano different from other blockchains?
Cardano does not have a white paper, it is created on the principles of information sharing, scalability, and enforcement of regulations.
Likewise, it does not use proof of work like Ethereum or Bitcoin do.
Cardano uses the consensus test, which allows avoiding mathematical calculations, in order to keep the chain together and generate considerable energy savings for its development.
¿Where can I buy it?
One of the ways where you can buy ADA is through Binance, as it has a large variety tradable in trade, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the stablecoin or token, they are also allowed bank deposits.
https://www.binance.com/
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/
¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?
