Cardano – Decentralized Platform
Cardano – Platform for finance sector
Cardano is more than a cryptocurrency. It is a platform that will be able to support financial applications and smart contracts. It is currently using by individuals, organizations and governments around the world. ADA is decentralized, open-source platform based on the public blockchain registry, having its own ADA cryptocurrency. If you want to know how to buy Cardano token check our tutorial at bottom of page.
Cardano – specification
Cardano creates a platform for smart contracts, it expect to provide more advanced features than any previously developed project. This is the first blockchain platform that evolves from scientific philosophy and research-based approach. The development team consists of a large, global team of experts, engineers and scientists. Using the ground-breaking Proof of Stake algorithm, Ouroboros (the IOHK team) uses academic development to build this project from scratch.
The project aims to protect user privacy, but at the same time provides specific, necessary information for billing purposes. In this way, Cardano is the first project that efficiently balances these requirements, introducing a new approach to the world of cryptocurrency. Taking the example from other projects, the creators of Cardano noticed the need to adapt to changing conditions. Therefore, a system has been design that it will be update using soft forks.
Cardano – crypto description
The Cardano network was officially launched on September 29, 2017. The platform is written in the Haskell programming language, which has inaccurate semantics and is adapted to the style of functional programming.
However, the platform’s name comes from the name of an Italian mathematician, inventor, doctor and astrologer, who lived in the 16th century – Girolamo Cardano. He became famous as the discoverer of solving cubic equations, as well as reducing fourth degree equations to cubic equations. Cardano also developed a drive type, now known as the cardan shaft, used, among others in motorcycles. He calculated the date of his death, but when it did not come, he committed suicide on the appointed day.
The name of the ADA cryptocurrency comes from the name of Ada Lovelace, a nineteenth-century British mathematician and poet, who is the first programmer in history (not as the first female programmer, but at all). She created an algorithm called analytical machine, recognized as the first computer program.
How to buy Cardano and where
Finally, after you read our article about ADA – time to start make money! We will learn you how to buy Cardano and hopefully, you will make huge gains with it. Click button below for our tutorial – how to buy ADA