Cardano (ADA) has been making bullish moves in 2018. This made a lot of people ask around about the cryptocurrency and see whether to invest in it or not. Below, we are reviewing some of the information you need to know in detail.
The Cardano cryptocurrency gained some attention for a couple of reasons. First of all, their smart contract platform is using a new proof of stake algorithm which is called Ouroboros.
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As far as the developers are concerned, they said that this algorithm can easily defend the blockchain from attacks. This algorithm also enables the creation of side chains which helps a lot with keeping the privacy of the users and makes sure that the security is on the highest level.
Another thing to have in mind is the language that was used to build the platform on. This language is called Haskell. The language has a strictly mathematical approach and enables writing codes in a very secure manner. This helps in the prevention of bugs which also helps in decreasing the losses the holders of cryptocurrencies make. Because of this, some people are even saying that Cardano is better than Ethereum.
At last, Cardano is planning to launch a debit card and when this becomes reality, this card can be used in all day-to-day purchases.
Furthermore, you can find some more information on Cardano on this website.
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