Cardano is a public blockchain supported by developer Charles Hoskinson wishing to bring similar features to Ethereum such as decentralized applications and the ability to generate tokens.
A network in Proof Of Stake
Unlike Bitcoin, Cardano does not require computing power to validate network transactions, validator nodes support it for a more efficient blockchain and theoretically better able to process a large number of transactions.
A project still in its infancy
To date, only the Cardano Foundation and its sister entities administer the Cardano network, smart-contract or staking features are not available. Cardano is therefore a bet on the development and competitiveness of this project in the Blockchain ecosystem.
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