If you are a follower of the encrypted digital currency market, you will notice that a new currency has appeared in the top 10 currencies by market value. Cardano is called Cardano (ADA), but very few people have an idea of ​​what the project is. This is not really surprising, because this project is still relatively new. Now let's discover what makes this project very attractive to many users.

What is Cardano?

Cardano is a decentralized blockin and a digital currency project called ADA. The Cardano project seeks to develop a smart contracts platform that offers more advanced features than any other existing protocol. According to the Cardano team, the Cardano project is the first Pluchen platform based on a scientific philosophy.

How Cardano works?

Cardano is developed in two layers that separate the ledger of account values ​​from the reason for transferring values ​​from one account to another. This chapter allows smart contracts written on the platform to be more flexible. Companies can take advantage of this chapter to tailor design and confidentiality, and implement all smart contracts to better suit their usage situations.

Cardano algorithm.

Cardano's algorithm is called Ouroboros. It is the share-proofing algorithm to process and validate transactions and to obtain consensus within the network. Ouroboros can be one of the solutions to the problem of plaque expansion. This algorithm eliminates the need for a labor-proof algorithm that consumes a lot of energy. In addition, it has been mathematically proven that the Ouroboros algorithm is safe and has no risk or penetration.

Where can Cardano (ada) be stored?

In order to store your Cardano card and obtain rewards through the Ouroboros proofing algorithm, you must store your cardano card in a wallet and do not leave it on the trading platforms.

At present, there is only one portfolio - the official Daedalus wallet. The wallet is currently only available on Mac and Windows, but the mobile wallet for Android and iOS is expected to be released soon.

Current price for Cardano (ada)

Cardano is a really interesting project created by a good team of developers and they have a clear road map. It does not seek to be the best encrypted digital currency, but to offer something different from others. In addition, Cardano's most important objectives is to help various companies and institutions expand.

In the latter I hope you enjoyed reading this article, and it has given you a general idea of the Cardano project and its ADA currency.