Cardano (ADA) Price

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About Cardano (ADA)

Cardano is a proof-of-stake blockchain network that facilitates smart contracts and multi-asset ledgers for decentralized applications (dApps). Cardano does not build upon the technological underpinnings of Bitcoin or other blockchains, in contrast to many other blockchains. Rather, Cardano collaborates with top scholars to conduct research and create fresh, creative solutions that are presented at significant international conferences and reviewed by peers in the academic community. Before formal development starts, the team constructs a prototype to comprehend practical technical and functional implementation challenges. This allows for the establishment of technical requirements.

Cardano implemented the Vasil hard fork on September 22, 2022. The goal of the Vasil hard fork is to strengthen transaction validation, boost the throughput of the chain, lower expenses, and improve smart contract capabilities.