🔟 Important information about Cardano ADA:

Cardano was launched in 2017.

Its founder is "Charles Hoskinson" who is one of the co-founders of Ethereum.

Goal

To provide a smart, secure, and scalable blockchain that supports smart contracts and decentralized applications (dApps).

It focuses on real-world use cases, especially in developing countries like Ethiopia.

Technological Distinction

Cardano is built on scientific principles and academic research.

The first blockchain to use a proof-of-stake (Proof of Stake) algorithm fully based on scientific research (Ouroboros).

Its Digital Currency

Token symbol: ADA

Used to pay transaction fees and participate in voting on network changes.

Gradual Development

Cardano is divided into 5 development phases: Byron, Shelley, Goguen, Basho, Voltaire.

Each phase focuses on a specific aspect of the network (decentralization, smart contracts, governance...).

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Always among the top 10 cryptocurrencies by market capitalization.

It relies on a strong and supportive community and active developers.

Practical Uses

Involved in government projects such as student identity verification in Ethiopia.

Used in education, agriculture, and health.

Significant updates in smart contracts and performance improvements.

Working on integrating artificial intelligence with the network and expanding real-world projects.

The Future

A promising future provided that development and partnerships continue.

It may benefit from the global trend towards finance systems

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