What is Cardano (ADA)?
Cardano is a smart contract platform, similar to Ethereum, with a focus on security through a layered architecture. It’s the first blockchain project to be created from scientific philosophy and built on peer-reviewed academic research.
The team is building Cardano with both the end-user and regulators in mind. They’re attempting to find a middle ground that balances the need for regulation with the privacy and decentralization principles at the core of blockchain technology.
The platform also uniquely uses Haskell, a programming language with a high degree of fault tolerance. With the relatively unknown future and complexity of blockchain-based systems, it’s important to build flexibility into projects. It’s near impossible to know what a system may have in months or even years, so it’s important to have a robust language like Haskell which allows you to have a certain margin of error.
Unlike some other crypto projects, the goal of the Cardano team isn’t to overhaul the entire financial system. Their aim is to use blockchain technology to bring banking systems to places where they’ve previously been too expensive to implement – specifically the developing world.
How does Cardano work?
Cardano is being developed in two layers that separate the ledger of account values from the reason why values are moved from one account to the other. This separation enables the smart contracts that are written on the platform to be more flexible.
Businesses can take advantage of this separation to tailor the design, privacy, and execution of each contract to more perfectly fit their specific use-cases.
Read more: http://www.bombcoins.com/2018/01/what-is-cardano-ada.html
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