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Date | Open | Close | High | Low | Volume |
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# | Source | Pair | Volume | Price | Change | Updated |
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- r/cardano
- ASI Alliance ‘quite far’ from OpenAI in hardware — SingularityNET CEOCointelegraph.com News – 10 hours agoThe ASI Alliance can enable mass adoption of decentralized networks in the same way the world jumped into ChatGPT, SingularityNET CEO believes. The Artificial Superintelligence…
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- PancakeSwap plans v4 update following $836B trading volume milestoneCointelegraph.com News – 12 hours agoPancakeSwap announces its v4 update to improve liquidity provision, interoperability, and scalability, aiming to resolve AMM shortcomings. Decentralized exchange PancakeSwap has reported $836 billion in…
- Bitcoin miner wallets awaken after over 15 years — Is this Satoshi?Cointelegraph.com News – 12 hours agoFive miner wallets that received block rewards weeks after Bitcoin launched have started moving their coins. Wallets belonging to early Bitcoin miners who received coins…
- BingX ‘minor’ loss in suspected hack climbs to $52MCointelegraph.com News – 13 hours agoBingX claimed withdrawals and deposits will be restored within 24 hours. Singapore-based cryptocurrency exchange BingX’s estimated loss from a suspected hack on Sept. 20 has…
What is Cardano?
ADA is a crypto coin running on Cardano Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. Cardano team calls their proof of stake mechanism Ouroboros. Unlike Proof of Work, where miners invest energy intensive computing power to mine each block, proof of stake chooses a random miner based on the size of the stake (value). In order to generate or mint a new block, a slot leader is chosen with a probability proportional to the amount of coins this node is carrying. So one of ADA’s advantages over Bitcoin, Ethereum and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum due to a second layer Cardano Computational Layer (CCL) which supports decentralized applications and smart contracts.
ADA was initially created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson who was a former co-founder of Ethereum, Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano foundation, IOHK, and Emurgo.
The major use of Cardano is the transfer of value. Future development of applications on CCL layer can provide the easy and economical payment solution to service providers such as Uber, Upwork, and alike.