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Cryptocurrency of the Week: Cardano
Introduction to Cryptocurrencies
First, a cryptocurrency is a decentralised digital currency using encryption to generate units of currency and validate transactions independent of a central bank or government (more info here).
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What is Cardano?
According to Coinspot, Cardano (ADA) is a blockchain platform launched in 2017 with many advanced features, competitive with other protocols developed at this time.
It was developed to address restrictive oversight while maintaining user safety and reliability. The development team states that Cardano is the “most precisely engineered cryptocurrency yet.”
Cardano aims to bring together such disciplines as distributed systems, mechanism design and cryptography.
