Beginners Guide

A Beginner’s Guide To The Cardano Blockchain

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 21, 2021

Edited by: Sahana Vibhute check mark

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Reviewed by: Nidhi Kolhapur check mark

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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One of the most talked-about projects in recent times is Cardano, which is the most popular among the crypto masses. The third-generation network is designed to be more effective and the best alternative for the Proof-of-Work networks. Cardano aims to overcome the limitations of the networks behind Bitcoin and Ethereum.

Did You Know? Cardano is named after Italian polymath "Gerolamo Cardano," whose fields of interest were mathematics, physics, biology, chemistry, astrology, and astronomy.

The platform was founded by Charles Hoskinson, a co-founder of Proof-of-Work at Ethereum Blockchain. He was able to catch on to the upcoming challenges of PoW and started building Cardano & its native currency ADA in 2015 and launched it in 2017.

The open-source project aims at positive global change with equal contributions from changemakers, innovators, and visionaries.

What Is Cardano?

Cardano is a decentralized blockchain network that uses the Proof-of-Stake model. The roles and responsibilities are equally shared by the Cardano partners, 'The Cardano Foundation, IOHK, and EMURGO.

The network is the first blockchain to implement Ouroboros, a decentralized, PoS algorithm. It is built around peer-reviewed papers instead of writing a white paper and implementing it in the codes. The team ensures that experts across the globe read their papers, improvise them, and agree with the output.

Cardano is being developed using the "Haskell" programming language that enables the ecosystem to pursue evidence-based development. This helps the project retain adaptability, and responsiveness to newer requirements, and offers unparalleled security and stability.

The platform aims to achieve scalability, interoperability, and sustainability for real-world applications. In addition, the network is being developed into a platform for decentralized applications with a multi-asset ledger and verifiable smart contracts.

Why ...

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