[ad_1]
We have all heard of Cardano ADA, of course, is one of the largest cryptocurrencies in the markets. The question, however, is: how many of you know exactly what is the Cardan blockchain? Too often we find that investors simply have an interest in investing exclusively in a cryptocurrency, without actually doing the research to understand the processes that work behind the scenes to make that cryptocurrency what it is.
The reason is quite simple, blockchain technology is difficult to learn and cryptocurrency projects tend to avoid expressing in detail how their project works, because they do not want their unique ideas to be replicated. This means that it is often difficult enough to really learn the details of what makes the chosen cryptocurrency work.
In 2018, the Cardano Foundation nevertheless published an article designed to help Cardano investors non-technological experts wishing to learn more about the technology behind their ADA investment.
In an article entitled: A brief description of the Cardano blockchain for non-technological people, Nicolás Arqueros di Emrugo highlights some of the important technological factors that drive Cardano blockchain for investors to consider:
"Cardano is a blockchain that seeks to provide more advanced features than any previously developed protocol.In specific, we aim to improve the state of the art for scalability, interoperability, sustainability and smart contracts.I will explain more about these in the following sections Cardano is not a company, but rather a group of three organizations: IOHK, the Cardano and Emurgo Foundation. "
Cardano blockchain addresses a series of problems within the current blockchain world, including Scalability, Smart Contract Hacks and Loans. These problems are addressed through an intelligent protocol, on which Cardano operates. In a nutshell, Cardano blockchain solves these problems in order to create a more scalable, secure and protected blockchain attack, while allowing smarter intelligent contractual conditions.
To allow this to work, the Cardano blockchain must remain sustainable. According to Arqueros:
"It is essential to provide a mechanism to finance improvements to the Cardano project and the overall project.We are developing a blockchain that is expected to survive for generations.To achieve this goal, we are implementing a public treasury system that is financed by a small percentage of they go to the stakers. "
This helps ensure that funding is regular and that the entire blockchain remains decentralized while being able to address the concerns and problems that occur within traditional blockchains.
How does everything work then?
To be honest, it is still difficult to describe it without using a very technical language, so in terms of security, here it is. The Cardano blockchain is part of an ecosystem managed by three groups of people, who act in the most democratic and decentralized way possible. The Cardan blockchain is self-sufficient and aims to solve many of the problems encountered in blockchain such as Ethereum and even EOS. Supported by the ADA token, Cardano is prolific and remains one of the most important cryptocurrency projects of the day.
Cardano is here in the long run, this is something we should all be excited about.
