Cardano And It’s Blockchain Part 2

By January 2, 2020Ethereum
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Cardano And It’s Blockchain Part 2
  • How many of you know exactly what the Cardano blockchain is?
  • The Cardano Foundation has you covered however and they have published an article to help benefit the non-tech savvy Cardano investors who wish to know more.

I’m sure everyone here has heard of Cardano, I mean it’s one of the biggest cryptocurrencies in the markets so I’m guessing we’re on the same page. But today, the question is, how many of you know exactly what the Cardano blockchain is? The Cardano Foundation has you covered however and they have published an article to help benefit the non-tech savvy Cardano investors who wish to know more about the technology.

In the article, which you can read here was written by the CTO of Emrugo, Nicolás Arqueros shows some of the highlights and important technical aspects that drive Cardano.

Following on from an earlier article, here are some of the best bits.

Cardano works by addressing issues on its blockchain to help build a more scalable blockchain. In order to make this to work, Cardano has to become sustainable, it’s as simple as that.

Nicolás states:

“It is essential to provide a mechanism to fund improvements to the protocol and the Cardano project in general. We are developing a blockchain that should survive for generations. To achieve this, we are implementing a public treasure system which gets funded from a small percentage of the rewards that go to stakers.”

This helps ensure that funding is a common occurrence and that the blockchain stays decentralised. On top of this, it needs to be able to address the issues that are experienced within traditional blockchains.

It’s not easy to explain the Cardano blockchain without using very tech-heavy words, but basically, Cardano is a part of an ecosystem that is managed by three groups of people. Its blockchain is self-sufficient and looks to address many of the problems seen within Ethereum, Ripple and EOS’ blockchains.

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The Cardano Foundation has you covered however and they have published an article to help benefit the […]

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