{"id":3680,"date":"2021-02-20T13:59:36","date_gmt":"2021-02-20T13:59:36","guid":{"rendered":"https:\/\/afluxcoin.com\/59\/cardano-explained%e2%80%8a-%e2%80%8awhat-is-cardano-and-why-does-it-matter\/"},"modified":"2021-02-20T13:59:36","modified_gmt":"2021-02-20T13:59:36","slug":"cardano-explained%e2%80%8a-%e2%80%8awhat-is-cardano-and-why-does-it-matter","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/pt\/59\/cardano-explained%e2%80%8a-%e2%80%8awhat-is-cardano-and-why-does-it-matter\/","title":{"rendered":"Cardano Explained\u200a\u2014\u200aWhat Is Cardano and Why Does It Matter?"},"content":{"rendered":"<p>Breaking down Cardano.Cardano is a cryptocurrency network.The network utilizes a cryptocurrency called Ada.As of writing, Cardano is among the top five cryptocurrencies in terms of total market capitalization. Cardano\u2019s ticker symbol is ADA.The price of ADA has surged since late 2020, along with Bitcoin and the overall crypto market.We already know that Cardano is a cryptocurrency network.Cardano is also an open source project.From Cardano.org:Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.Cardano has a global focus.The developers behind the network place an emphasis on providing financial services to its users through trust.Similar to competitors such as Ethereum, Cardano achieves trust through the use of smart contracts.The network also utilizes a proof of stake consensus protocol.Interesting to note is that Cardano is among, if not the, largest proof of stake network in the world. Depending on market cap at the given time, Cardano and Polkadot have been trading for the top spot.Cardano\u2019s largest competitor, Ethereum, still utilizes a combination proof of work and proof of stake system. Ethereum is transitioning to a proof of stake system via its ETH 2.0 roadmap.Want more content like this? Sign up for my newsletter.Cardano follows a carefully designed roadmap led by a blockchain research and development startup IOHK.The founder of Cardano is also one of the co-founders of Ethereum. His name is Charles Hoskinson.The development of Cardano is mapped out in their roadmap where they refer to different upgrade periods as eras.ByronIn September 2017, and the Byron era began.This marked the creation of Ada, allowing users to buy and sell the cryptocurrency on one layer of the network.Ada is named after revolutionary programmer Ada Lovelace.During the Byron era, Ada and Ouroboros,\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>Breaking down Cardano.Cardano is a cryptocurrency network.The network utilizes a cryptocurrency called Ada.As of writing, Cardano is among the top five cryptocurrencies in terms of total<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3680"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=3680"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/3680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=3680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=3680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=3680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}