Specifically, a modern blockchain can store any kind of data. Over time, however, blockchains have become incredibly versatile. Here are a few such terms to get you started:īlockchain: In the context of Bitcoin, a blockchain is simply a ledger of transactions spread across hundreds or thousands of computers. Given that Cardano is an extension of earlier cryptocurrencies, you may come across a myriad of technical phrases unique to this ecosystem. So what makes the Cardano platform unique, and why is it among the world’s most valuable cryptocurrencies? Let’s find out. It also often proclaims itself as a “third-generation” cryptocurrency network, building upon the fundamentals previously laid down by Bitcoin and Ethereum. And yet, Cardano has found significant success by going down this exact path.įounded in 2015, Cardano aims to deliver a decentralized blockchain platform based entirely on peer-reviewed research. In a world full of competing cryptocurrencies, it’s rare to find a project that prioritizes a slow and methodological approach to feature development.
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