What problems does Cardano solve?

Specifically, Cardano aims to solve problems related to scalability, interoperability, and sustainability on cryptocurrency platforms. The first problem refers to the slowing down of networks and high fees due to increase in transaction volumes. (See also: Will High Transaction Fees Bring Down Bitcoin’s Price?)

Read more

What blockchain does Cardano use?

Cardano works on a specially designed proof-of-stake (PoS) blockchain protocol for consensus called Ouroboros . This consensus mechanism allows for ADA to be sent and received easily and securely at all times, while also ensuring the safety of smart contracts on the Cardano blockchain.

Read more

What runs on Cardano?

Cardano runs on the proof-of-stake Ouroboros consensus protocol and developments are informed by scholarly academic research. The primary cryptocurrency of Cardano is called “ada.” Cardano oversight is decentralized and shared by The Cardano Foundation, IOHK, and EMURGO.

Read more

What is Cardano Coindesk?

We are an independent Swiss-based non-profit that oversees and supervises the advancement of Cardano . We are the legal custodians of the Cardano brand and we work with IOHK and EMURGO to ensure that Cardano is being developed and promoted as a secure, transparent, and accountable solution for positive global change.

Read more