Home / Ethereum / Cardano (ADA) Coin Story: attempt to improve what Bitcoin and Ethereum have done wrong

Cardano (ADA) Coin Story: attempt to improve what Bitcoin and Ethereum have done wrong



Since the birth of Bitcoin in the financial world has given birth to a new field of ideas and solutions to be explored by many for the issues that are met globally at this time. Mainly and tremendously in the currency sector. One of the most influential and respected figures who seeks to model and improve the crypto-verse is undoubtedly that of Charles Hoskinson – Founder of Cardano and IOHK Foundation.

History of Cardano (ADA)

Date of birth for scientific / philosophical research and principles, the network is quite new in the game. Initiated by one of the co-founders of Ethereum and mentioned above – Charles Hoskinson, it is labeled by many as one of the most promising among which to choose to aim to overcome the big ones.

It all started when in 2011 Mr. Hoskinson was introduced to the idea of ​​blockchain and cryptocurrency. Since Bitcoin was and still is the great player in the game, the Proof of Work or PoW mechanism was the most famous. However, due to the high cost and the various problems of downsizing that the main currency network met, it was time for a new one to come. PoS or Proof of Stake was presented, which with various improvements became the consensus function of Ouroboros – Cardano.

As a result, Ethereum also moved various issues on PoS that could be considered history. Being more efficient in many ways [e.g. energy cost lowering] in parallel to safe and safe working is what made our Ouroboros creators debut in the scene.

Some of the problems facing cryptocurrencies are: Scalability, Sustainability and Interoperability. Here Cardano comes with its architecture structure at levels that distinguishes it in terms of security and protection of smart contracts. Being divided into levels, security increases when the processing performed by the next level [part] is performed independently of the previous one. This information is managed securely and not shared.

Cardano (ADA) has unveiled the cases of use of Marlowe, a domain-specific language (DSL) that is aimed at executing Peyton Jones-style financial contracts among other blockchain researchers. The specific language of the Marlowe domain (DSL), according to IOHK, is modeled as an algebraic type in Haskell, along with a small step executable semantics. Because Ethereum is known to have been the pioneer of Smart Contracts, this is a challenge challenged not to be distracted.

See also: Stellar Lumens (XLM) Coin Story, Latest News / Future Development and Price Predictions – o One of the other pieces of Coin Story!

Latest – The application of Abra has listed Cardano (ADA), Tron (TRX) and BAT for users to trade or invest. Abra's team recognized the main reason why they listed the new digital resources, was the constant demand from users of the app to add them. The announcement went on to add:

"We have received many requests from users to add coins and tokens to the Abra app, and we are working diligently to make this happen.

We are really excited to have these coins listed on Abra and we are working to bring more investment options to Abra users. "

Bittrex, one of the world's largest trade cryptocurrency swaps, announced its decision to enable encrypted / fiat trading pairs for Cardano and Zcash. His official account tweeted him and subsequently confirmed via an email sent to his subscribers.

"Ouroboros – a circular symbol depicting a snake, or less commonly a dragon, that swallows its tail, as an emblem of integrity or infinity. "

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