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- SOLIZE Corporation Expands Global Footprint with Acquisition of SiM24Web3Wire - 32 seconds agoBANGALORE, India, Nov. 21, 2024 /PRNewswire/ — SOLIZE Corporation, a global leader in Transformative solutions…
- Insider information: Positive profit warning – Trainers’ House updates its guidance for 2024Web3Wire - 5 minutes agoTRAINERS’ HOUSE GROUP, INSIDER INFORMATION 21 NOVEMBER 2024 at 8:15 Trainers’ House’s year-end sales, order…
- PACS GROUP SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against PACS Group, Inc. – PACSWeb3Wire - 5 minutes agoNEW ORLEANS, Nov. 20, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds…
- Crypto Trader Scores $2.68M Profit Fast with $CHILLGUY InvestmentWeb3Wire - 1 hour ago“`html Crypto Trader Scores $2.68M Profit Fast with $CHILLGUY Investment The cryptocurrency market is renowned…
- StakingBonus Highlights Booming Ethereum Activity as Spot ETF Inflows Hit Record $515 MillionWeb3Wire - 3 hours agoThe crypto space is abuzz as the Ethereum Spot ETF had a record $515 million…
- Covo Finance: Revolutionary Crypto Leverage Trading PlatformBlock3Wire - 1 year 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 - 1 year 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 - 1 year 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 - 1 year agoBanxa, the world’s first listed cryptocurrency payment gateway provider, today announced its integration with Metis,…
- Dexalot Launches First Hybrid DeFi Subnet on AvalancheBlock3Wire - 1 year agoDecentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in…
- Thumbtack Honored as a 2023 Transform Awards WinnerMeta3Wire - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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 - 1 year 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.
