Cardano

7/5/2020

Cardano (ADA)

Charles Hoskinson, a co-founder of Ethereum, is the founder of Cardano. He is also the chief officer of Input-Output Hong Kong (IOHK).

Cardano Wallet

Cardano is a decentralized, fully open source, public blockchain protocol and cryptocurrency project.
Cardano coin is called ADA, the cryptocurrency of Cardano. The official wallet supporting Ada is the Daedalus wallet, there are several third party wallets including a browser wallet called Yoroi and several mobile phone wallets.
The project aims to become a smart contract platform similar to Ethereum, contracts will be written in Solidity and Plutus languages.
Cardano uses Ouroboros proof of stake instead of proof of work, which is more energy efficient.
Cardano is known as Ethereum of Japan because of high number of investors and developers in Japan working on Cardano project.
Cardano could also be called Ethereum of Hong Kong, as the company behind Cardano is called IOHK, input-output Hong Kong which is based in Hong Kong.
Cardano makes extensive use of peer review and formal methods, core components are built using the Haskell and Rust programming languages. There is a focus on interoperability and scalability. Cardano scaling
IOHK have committed to the project until 2020.
Split into 'Epochs'
Slot leaders instead of miners
Consensus over range of blockchains.
Ability to scale vertically and horizontally.
Potentially multiple Epochs at the same time.

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