Blockchains 101: Cardano

Sleeping Giant

Introduction

Cardano was released in 2017 by the Blockchain development firm Input Output Hong Kong (IOHK) Founded by Charles Hoskinson and Jeremy Wood.

Cardano’s logo

Description

The platform relies on a layered structure with a (Cardano) Settlement Layer (CSL), (Cardano) computation Layer (CCL) and additionally the integration of Sidechains and cross-chain transactions (KMZ Framework).

The Cardano Foundation is the supervisory and educational entity of Cardano in charge of protecting, maintaining and promoting the network as well as keeping track of the regulatory environment and maintaining the community.

Smart contracts

Cardano’s daedalus official wallet logo

Storage and wallets

Technical specificities:

  • Type: Native Coin
  • Total Supply: 45,000,000,000
  • Subunit: NA
  • Consensus: Proof of Stake (PoS)
  • algorithm: Ouroboros
  • Encryption: HMAC-SHA512
  • Privacy: Pseudonymous (Low)
  • Blocktime: 10 minutes
  • Coding languages: Haskell, Plutus
  • Open source: Yes
  • Current version: Shelley
  • Past version: Byron
  • Next version: Goguen

Documentation:

TradingBull.io

Telegram community: https://t.me/TradingBull_DA

Twitter: @_Digital_Assets

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store