Cardano is an application for smart contracts that was designed from the bottom up utilising peer-reviewed scientific research. It is a decentralized blockchain that seeks to be used by people, corporations and organizations to establish, execute and enforce contracts.
The objective of Cardano is to establish itself as the most well-rounded blockchain project in the world. The team behind it thinks that this may be done via a series of technological advances that make it simpler for developers to build on top of Cardano.
Cardano’s development was supported by the IOHK Foundation; Mayo Clinic a nonprofit organization that invests in innovative blockchain projects and helps them expand. The IOHK Association has spent nearly $2 million towards Cardano’s development so far.
Cardano’s objective is not just to become an extremely well-rounded blockchain project but also one that gives more usefulness than any other crypto project now on the market. This may be achieved by supplying features such as:
A proven secure network based on Biblical fault tolerance (BFT).
The ability to operate smart contracts without any costs or gains associated.
A system that lets customers to transfer payments at any time without any transaction fees or delays.
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