Knowing to: Cardano, a Blockchain 3.0!

in #cervantes6 years ago


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What's up guys, this time we return with a hyper mega super incredible project called Cardano, this cryptocurrency is totally innovative and, it is the first cryptocurrency that counts on a Blockchain of third level and created from Scientific Philosophy.

In this post we will discover what Cardano is, his objectives and his contributions to the cryptocurrency world, let's begin!

What is Cardano?


Cardano is a cryptocurrency whose development began in 2015 by the Cardano Foundation, IOHK, is a company dedicated to research and development of Blockchain, Cardano was developed in Haskell, an exclusive programming language of the cryptocurrency that has a high tolerance to potential failures that arise, due to the complexity of Blockchain technology and how recent it is, Haskell gives us a certain margin of error, an incredible flexibility and allow developers to avoid headaches in the future.

What's new Cardano?

  1. As mentioned before, the cryptocurrency has a programming language called Haskell that gives us a "margin of error" when programming using the language and offers us a way to use much more flexible.
  2. Ouroboros, a new consensus algorithm based on PoS ("Proof of Stake"), unlike the PoW ("Proof of Work") used by Bitcoin and Ethereum, this one offers us much more efficiency as far as electricity consumption is concerned, also adding more speed at the time of carrying out transactions together with more security.

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Ouroboros, something that defines Cardano

This new algorithm, Ouroboros, gives us more flexibility at a modular level, allows us to create side chains and add more protocols that improve the functionality of the chain if necessary. The cryptographic system that it offers us is totally safe and together with the flexibility that it offers us makes Ouroboros a totally unique and incomparable tool when working with Blockchain technologies.

Ouroboros eliminates the need for excessive power consumption as is the PoW of Bitcoin or Ethereum, Ouroboros is the first protocol based on PoS that has been proven mathematically as safe, the level of security demonstrated by Ouroboros is comparable to the Blockchain of Bitcoin, which has never been compromised in any way.

Proof-of-Stake, also known by the acronym PoS, is a distributed consensus protocol for distributed networks that secures a network of a cryptocurrency by requesting proof of possession of such coins.
Cardano's multi-layer protocol allows advanced functions to be performed and, in its base, it has a settlement layer that is elegantly linked to a control layer. The settlement layer has a unit account while the control layer is executing Smart Contracts, the control layer will be programmed to recognize an identity or help fulfill the inclusion in a blacklist, for example.

Cardano's benefits?

Cardano is a cryptocurrency that attracts a lot of attention thanks to its new algorithm Ouroboros and its new consensus, the PoS, this cryptocurrency is supported by the Cardano Foundation and offers us a lot of confidence, is even led by Charles Hoskinson, one of the most relevant developers when making Ethereum.
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This cryptocurrency is incredible, it has surpassed the price of a U.S. dollar and is currently at a price of madness, if you want a recommendation now, I tell you that it is now or never, Cardano is a solid project like Iota that promises a lot and could generate gigantic returns in the future!


Puedes ver el artículo original de esta redacción en nuestra página web: https://steemithispano.online/index.php/2018/09/17/knowing-to-cardano-a-blockchain-3-0/

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