Hello everyone,
Today's article is about "Cardano", A blockchain platform cryptocurrency (a third-generation blockchain platform), which has gained significant attention due to its scalability, sustainability, and interoperability.
Cardano is a decentralized blockchain platform developed by Charles Hoskinson, intending to solve the limitations faced by other platforms. Cardano is comprised of the multi-layered architecture of CSL, CCL, and CCL.
- Cardano Settlement Layer - handles transaction and ADA transfer
- Cardano Computation Layer - smart contract execution
- Cardano Control Layer - governance layer
Besides the scalable layered architecture, Cardano is well known for its energy-efficient proof of stake (PoS) and community-driven governance. ADA serves an important function in the functionality, security, and governance of Cardano’s ecosystem. ADA is used up while making any transaction or you can say its the fee you pay for the transaction in blockchain.
ADA is anticipated to play a significant part in Cardano's decentralized apps as the platform's ecosystem continues to grow. These dApps may use ADA for a variety of things, like as paying for services, getting access to premium features, or transferring value internally.
Future perspective of Cardano
Talking about Cardano's future, it's very clear that the blockchain industry has grown/developed immensely in the past few years and is very competitive. Due to its methodical approach to development, strong scientific foundations, and bold goals, Cardano has attracted attention. Success will likely depend on its ability to uphold its promises and attract users, businesses, and developers to its platform.
In the near future, Cardano will continue to develop and improve its infrastructure in order to accommodate increasingly complex DApps and DeFi applications. Its long-term success will depend on its capacity to distinguish itself from Ethereum, Binance Smart Chain, and other crowded competitors as a viable and sustainable blockchain platform. Its future will also be significantly shaped by its capacity to support a lively and active community of users and developers.
Cardano has the ability to simplify payment system and trading. The decentralized system can even be used in banking, healthcare, management, etc. With potential partnerships and collaborations, Cardano can go beyond the cryptocurrency industry. It is possible to increase the acceptance and usability of Cardano's technology by integrating it with current systems and providing cross-chain interoperability.
References
Cardano (Blockchain Platform) - Wikipedia.
Cardano & Nervos Kolaborasi, Transaksi Kripto Lebih Mudah
Hope you find it interesting, see you soon with some other interesting topic.
Posted Using LeoFinance Alpha
I wonder where this information is from. Perhaps you made a mistake? That is too much and no one would want to use it if it requires 21k ADA to transact.
By the way, thank you for your Leo content. May I recommend reading this article to learn more about how to do it better. 😉
I saw it on google and now trying to search it again and could not find it back. So, it may be a mistake.
Thank you for the referenced article, will try to do better next time.
Thank you 😊
It's better to cite references, especially with numbers or statistics and not really general information. 😉
Thank you for the help and guidance 😀
You're welcome :) I trust you will do better next time 😉
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