An Investor’s Guide to Cardano: Emerging as World’s Upcoming Valuable Cryptocurrency
The Cardano blockchain’s ADA Token is the fourth-largest cryptocurrency by market capitalization. Since its introduction in 2017, the Cardano project and its related ADA coin have created a lot of community attention. Cardano is rather unique in the cryptocurrency world due to the academic rigor with which it was developed. But what exactly is Cardano, and what features does it have planned for its vast roadmap? Let us investigate.
What is Cardano?
Cardano is the entirety of the greatest and prominent cryptocurrencies in terms of market cap. It is meant to be a durable, versatile, sustainable, and scalable block-chain program for running smart contracts; allowing for the creation of a diverse range of applications. It is also created to be a next version progression of the Ethereum scheme with a blockchain that is a flexible, sustainable, and extendable platform for driving smart contracts; which will enable the improvement of a broad range of decentralized finance.
Features of Cardano
The network selects a winner based on the amount of ADA. Each validator has in the pool and the length of time they’ve had it there, literally rewarding the most invested participants. +
Once the winner has confirmed the most recent block of transactions; additional validators attest to the accuracy of block. The blockchain is updated when a certain amount of attestations are received.
All validators who participate to earn a reward in ADA; is being dispersed by the network in proportion to their stake.
