Cardano ADA

$0.2507
Market Cap $ 6.501 Bn
24h Volume $ 110.373 MM
Chg. 24h: 1.58%
Algo. score 4.1/5  (#23)
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Cardano project purpose and description

Cardano clarity of purpose

Cardano purpose and aspects

"Cardano is being developed in two layers that separate the ledger of account values from the reason why values are moved from one account to the other. This separation enables the smart contracts that are written on the platform to be more flexible. Businesses can take advantage of this separation to tailor the design, privacy, and execution of each contract to more perfectly fit their specific use-cases." (via CoinCentral)

Cardano additional differentiation against competition

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Cardano categories

Digital currencySmart contractsPlatform

Short description

Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed.

Abstract

Cardano is a revolutionary blockchain technology designed to build a new decentralised economy and democratize finance in emerging markets. Cardano will allow decentralised applications and contracts to be built and executed in a low-cost, secure and scalable way.The Cardano project is different: it openly addresses the need for regulatory oversight whilst maintaining consumer privacy and protections through an innovative software architecture.The protocol features a layered blockchain software stack that is flexible, scalable, and is being developed with the most rigorous academic and commercial software standards in the industry. Cardano will use a democratic governance system that will let the project evolve over time, and fund itself sustainably through a visionary treasury system.

Link to Roadmap: https://cardanofoundation.org/project/#project-road-map
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