$ADA Cardano (ADA) is one of the projects that promises the most innovations for the world of cryptocurrencies and offers a platform to execute various decentralized applications, facilitating financial processes and actions for companies, governments, or individuals.
•That is, Cardano is a network that integrates multiple functionalities in one place. Within this platform, Cardano's technology performs functions to provide fast and secure transactions and the execution of smart contracts.
•In addition, the network issues its own token, called ADA. In this article, we will explore all the details about Cardano (ADA). Continue reading to learn more about what Cardano is and how investment in this cryptocurrency works.
•What is Cardano (ADA)?
Cardano is a Blockchain platform that has a significant differential in its construction, as it was all developed through a scientific methodology. There are various engineers, developers, and specialized scientists who have been working together on its development since the beginning.
•Its internal architecture features an open-source Blockchain, just like Bitcoin. The infrastructure of Cardano was developed in distinct layers, which separate the functions of reading smart contracts on Cardano and the part where transactions of the cryptocurrency occur, that is, the trading of its ADA token.
•The main objectives of Cardano are:
•Financial services: which include the integration of payments and the reading and execution of smart contracts, especially aimed at financial institutions and banks;
•Transactions with cryptocurrencies, allowing sending and receiving amounts through fast, secure, and transparent transactions, using the ADA token;
•Alternative payment, offering a payment option for individuals or institutions with difficulties accessing banking services.
•Cardano: the third generation of cryptocurrencies
•With all these particularities and differentiators, ADA has been called by many experts as the Third Generation of Cryptocurrencies:
•The first would be Bitcoin, which broke with the previous standards of financial centralization and inaugurated the proposal of Decentralized Finance.
•The second generation would be Ethereum, which brought some differences from the Bitcoin model, also functioning as a platform that supports decentralized applications (dApps) and other features that offer solutions for the financial and monetary market.
•The third generation, and the last until then, would be Cardano. For having an open-source code, just like Bitcoin and Ethereum, and with new features, the cryptocurrency earned this title.
It is also interesting to note that the initial idea of developing this platform, which integrates multiple financial services and also has its own ADA token, did not arise with the intention of simply replacing another altcoin, but rather to be a complete network that brings accessible and convenient ways to transfer money or access financial features in one place.
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