Cardano ADA Explained | 2 Minute Crypto
[Music] The cardano project emerged back in 2015 When the crypto world wasn’t yet in its Infancy anymore but still wasn’t mature Especially when it came to challenges Involving energy consumption for Proof-of-work consensus and of course Scalability issues charles hoskinson Decided to aim for progress in these Departments and others through a Peer-review-based approach more Specifically he chose the scientific Method essentially where features are Analyzed by experts with academic Credentials before being implemented the Actors involved were the cardano Foundation of course input output hong Kong or iohk that partnered with quite a Few universities and emergo the street Smarts player that complements the other Two so as to ensure cardano had real World business use cases in a nutshell Cardano offered a newly built proof of Stake based crypto experience that stood Out in terms of academic robustness and Benefited from trends pertaining to the Environmental sustainability of all Things crypto and the currency of the Cardano blockchain is called ada and it Enables you to transact on the cardano Blockchain to stake to have a say in Governance processes of the protocol to Speculate and to experiment with various Decentralized applications and defy
Related use cases do we see these things With various competitors as well look of Course but unlike the overwhelming Majority of competitors the academic Robustness of the cardano team makes it More likely that a project with Long-term sustainability can actually Get somewhere instead of just the usual Hype overblown promises or pump and dump Dynamics that unfortunately run rampant In the space there’s no shortage of Crypto players that talk the talk the Cardano team however is quite a bit more Likely to walk the walk for reasons Which range from the reputation of those Behind the project to empirical Validation involving development-related Metrics such as github commits [Music] [Music] [Music] You
