Charles Hoskinson said that a downfall of a stablecoin project does not mean the end of crypto.
What is Cardano?
Cardano is a public blockchain working under the Ouroboros Proof-of-Stake algorithm. It’s touted to be the first one to have been founded on peer-reviewed research. It was founded by Charles Hoskinson – a mathematician who also co-founded Ethereum.
Cardano is also developing a smart contract platform that is supposed to deliver more advanced features than its competitors. It should serve as a stable and secure platform for developers to create enterprise-level decentralized applications (dApps).
How Does Cardano Work?
Cardano was primarily initiated as a two-layer protocol that separates the ledger of the accounted figures from the reason for which these figures are passed from different accounts.
This distinct separation lets the smart contracts (still to be deployed) on the platform be more compliant.
Cardano works through the Ouroboros Proof of Stake (PoS) algorithm. The core innovation that Ouroboros introduces beyond security is a modular and flexible design that enables the composition of many protocols to enhance the overall network functionality.
Cardano’s Token: ADA
ADA is the native token of Cardano. Interestingly, it’s named after Ada Lovelace – a 19th-century mathematician who is recognized as the very first computer programmer, also the daughter of the poet Lord Byron.
Every ADA holder also holds a stake in the network. Token holders can also delegate their tokens into a staking pool and earn rewards and participate in the governance of the blockchain.
Going forward, once Cardano’s smart contracts are live, ADA should also be usable for a variety of applications and services.
It has become one of the world’s largest cryptocurrencies, with a total supply of 45 billion.
What Are The News With Cardano in 2021?
In 2021, Cardano moved closer to integrating smart contracts on its network and continued with the new developments, in general.
On March 1st, the team launched the Mary update. It introduced core Goguen features of native token functionality and multi-asset support. On the other hand, Goguen is a major upgrade stage on the Cardano roadmap that introduces smart contracts and also the ability to build decentralized applications.
Recent Cardano News
According to Charles Hoskinson, no announcements or developments can currently boost ADA's price as crypto is in a bear market.
As price hovers near 15-months low, Cardano whale addresses holding 1 million to 10 million ADA have resumed accumulating.
To improve scalability, Cardano has introduced a new upgrade that ramps up its block size by 10%, from 80KB to
The research and development organization behind Cardano claimed it continues to grow and flourish, with more NFT and DeFi projects
Cardano taps know-your-customer services in collaboration with the industry's primary identity verification resource.
Charles Hoskinson, Founder of Cardano explains why he thinks the upcoming Vasil hardfork will be "major major major major".
The hip hop mogul Calvin Broadus Jr a.k.a Snoop Dogg has turned his attention to Cardano with the launch of
The Cardano Foundation furthers its assistance with blockchain education and research about consensus mechanisms.
Retail Cardano investors have been on the rise in the past several months, while large whales have reduced their ADA