ADA is a âthird-generationâ blockchain. Designed to solve the scaling issues associated with both generation one (Bitcoin) and generation two (Ethereum), Cardano (ADA) is a constant source of innovation.
Where previous generation blockchains are prone to high transaction fees & low TPS (transactions per second) due to limitations in their design, Cardano is being built to provide a decentralized, low-fee, high-TPS Proof of Stake (PoS) network solution.
ADA aims to improve the speed & overall capability of its network in multiple ways.
Standing at the forefront is ADAâs own Proof of Stake (PoS) consensus protocol, dubbed Ouroboros. Ouroboros greatly reduces the energy cost of the network â especially when compared to a Proof of Work (PoW) mechanism â without sacrificing security.
ADA was founded by Charles Hoskinson â one of the co-founders of the Ethereum network.
#Kernel Stable growth!!! Key word: SECURITY brings the brightest future as nothing is possible without security... How ab a price of $1000 /kernel coming really soon?
Cosmos is a decentralized blockchain network that aims to enable interoperability between different blockchains.
It is a system of connected blockchains, allowing for the secure transfer of assets & information between different blockchains.
ATOM a utility token built on the Cosmos network and is used to pay for transaction fees and reward validators for helping maintain the network. Source Internet
Like a lot of projects in the cryptocurrency space, the Internet Computer Protocol (or ICP) is much more than a form of digital money.
ICPâs basic idea is to create a new kind of decentralized internet and global computing system â where independent data centers all over the world could join together to create an alternative to the cloud services
Originally called DFINITY, ICPâs global and distributed network of data centers can run all of the applications that are accessible via traditional Internet standards such as DNS (the domain name system you use via web browsers and smartphones).Â
The ICPÂ token has several major uses: it acts as a governance token (allowing holders to âlockâ some of their ICPÂ into the network in exchange for having a say in the future development of the ICPÂ protocol), is rewarded by the network to participating data centers for good behavior, and is used to pay transaction fees on the network. Internet
Launched in 2023, KernelDAO is a restaking protocol with over $2 billion in total value locked and supports more than 10 blockchains, including Ethereum, BNB Chain, Arbitrum, and Optimism.
Its core products include Kernel, a restaking infrastructure on BNB Chain; Kelp LRT, a top liquid restaking platform on Ethereum; and Gain, a tokenized rewards program that helps users earn high-yield rewards and airdrops.
The KERNEL token acts as the governance and utility token. Holders can restake it to help secure the network and unlock more airdrop opportunities. KernelDAO also uses some of its protocol revenue to buy back KERNEL tokens.
Since its launch, KernelDAO has secured significant funding, including a $10 million private sale round in 2024 led by Binance Labs (now YZi Labs), SCB Limited, and Laser Digital. In addition, the project has established a $40 million ecosystem fund to expand and develop the restaking infrastructure on the BNB Chain.