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- Gallium Nitride Semiconductor Market: Innovation & Industry Leaders – Wolfspeed Inc, Infineon Technologies, Qorvo, MACOM Technology SolutionsWeb3Wire - 13 hours agoGallium Nitride Semiconductor Market The Global Gallium Nitride Semiconductor Market reached US$ 832.2 million in…
- Digital Twin Technology in Manufacturing Market: 2025 Growth & Trends | Top Most Keyplayers – Dassault Systèmes SE, TIBCO Software Inc., Siemens AG, Microsoft Corporation, Autodesk Inc.Web3Wire - 16 hours agoDigital Twin Technology in Manufacturing Market Global Digital Twin Technology in Manufacturing Market reached US$…
- MCS Gearup Stands Firm in 2025: Why Quality, Value, and Service Should Be Non-Negotiable in Tactical GearWeb3Wire - 19 hours agoIn an era when consumers are bombarded with cheap, mass-produced gear from unknown sources, MCS…
- Telliant Systems is on the 2025 Inc. 5000 List of America’s Fastest-Growing Private CompaniesWeb3Wire - 19 hours agoAtlanta, GA, August 16, 2025 –(PR.com)– Telliant Systems, a leading provider of custom software development and…
- Transformative Trends Impacting the Note-Taking Management Software Market Landscape: AI-Driven Innovations Transforming Note-Taking ManagementWeb3Wire - 19 hours agoNote-Taking Management Software Use code ONLINE30 to get 30% off on global market reports and…
- Covo Finance: Revolutionary Crypto Leverage Trading PlatformBlock3Wire - 2 years agoCovo Finance is a decentralized exchange and liquidity pool revolutionizing the world of crypto leverage…
- WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital AgeBlock3Wire - 2 years agoWorldStrides, the global leader in educational travel and experiential learning announced today its partnership with…
- Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining FacilityBlock3Wire - 2 years agoCathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that…
- Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency UsersBlock3Wire - 2 years agoBanxa, the world’s first listed cryptocurrency payment gateway provider, today announced its integration with Metis,…
- Dexalot Launches First Hybrid DeFi Subnet on AvalancheBlock3Wire - 2 years agoDecentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in…
- Thumbtack Honored as a 2023 Transform Awards WinnerMeta3Wire - 2 years agoThumbtack was recognized as a 2023 Transform Awards winner for the Space Pioneer: Workspace Design…
- Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3DMeta3Wire - 2 years agoAccenture (NYSE: ACN) has made a strategic investment through Accenture Ventures in Looking Glass Factory,…
- MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface UpgradesMeta3Wire - 2 years agoMetatron (OTC: MRNJ), developer of Metatron AI.com an artificial intelligence (AI) content platform, is thrilled to…
- Purely.website – Disruptive new platform combats rising web hosting costsMeta3Wire - 2 years agoPipe Ten Hosting Ltd are proud to announce the launch of their new low cost…
- WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the MetaverseMeta3Wire - 2 years agoPioneering Korean blockchain gaming giant WEMADE today announced a strategic alliance by signing an MOU…
What is Cardano?
ADA is a crypto coin running on Cardano Settlement Layer (CSL) blockchain, the first and most secure blockchain based on Proof of stake mechanism validating the transactions. Cardano team calls their proof of stake mechanism Ouroboros. Unlike Proof of Work, where miners invest energy intensive computing power to mine each block, proof of stake chooses a random miner based on the size of the stake (value). In order to generate or mint a new block, a slot leader is chosen with a probability proportional to the amount of coins this node is carrying. So one of ADA's advantages over Bitcoin, Ethereum and other similar cryptocurrencies is its energy-efficient proof of stake transaction validation system. ADA is flexible like Ethereum due to a second layer Cardano Computational Layer (CCL) which supports decentralized applications and smart contracts.
ADA was initially created by Input Output Hong Kong (IOHK), a blockchain development firm. The project was led by Charles Hoskinson who was a former co-founder of Ethereum, Etereum classic and Bitshares. Presently the ADA team consist of three organizations i.e. Cardano foundation, IOHK, and Emurgo.
The major use of Cardano is the transfer of value. Future development of applications on CCL layer can provide the easy and economical payment solution to service providers such as Uber, Upwork, and alike.
