Is Cardano A Good Investment In 2023? - Global Economic Intersection
Cardano has been making lots of progress toward its primary goal of becoming a decentralized smart contract platform.
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Cardano has been making lots of progress toward its primary goal of becoming a decentralized smart contract platform.
Background Cardano is a layer 1 blockchain project with over 70% of the total currency, ADA, staked for network validation (a really impressive rate). The Cardano project began in 2015 in an attempt to take on some of the problems the open-source community saw within the thousands of altcoins in existence at the time. Cardano was officially founded by Charles Hoskinson, who is a former co-founder of Ethereum. Some of Cardano’s key improvements are multiple layers for settlements and computations, proof of stake consensus, and the ability to upgrade easily in the future. The Cardano Sett...