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Cardano is one of the major blockchains in the crypto world that uses the ADA token, utilizing the POS method. It does not have a white paper but was developed by three different organizations; Input Output Hong Kong (IOHK), Emurgo, and the Cardano Foundation. All three are separate groups but are intertwined with each other. They developed the blockchain through several peer-reviewed research papers. The main individual behind Cardano is Charles Hoskinson. There are five different phases Cardano will go through. These are Byron, Shelley, Goguen, Basho, and Voltaire. When you own ADA on a native Cardano wallet, you can stake them in different pools to earn passive rewards and help secure the blockchain. Cardano only allows a set amount of tokens to be staked in each pool before they start to limit rewards paid out. This helps fight against one person or group from staking 51% of the tokens and taking over the network.
Every five days or at the epoc .3% of the reserve is distributed as staking rewards and treasury funding. This will keep going until all tokens have been distributed. Of the distributed tokens every epoch, 80% goes to the stake pools and 20% goes to the treasury. The treasury is used to help fund projects to improve Cardanos development and fund projects being built.
POS Token
Circulating Supply 35,393,534,070 ADA
Total Supply 45,000,000,000 ADA
Max Supply 45,000,000,000 ADA
Cardano has low transaction fees while handling 250 transactions per second. In future updates, they plan on increasing the speed of the blockchain. Being a POS blockchain, it is considered a green crypto since it uses very little power to run compared to POW chains. All of the phases are based on peer-reviewed papers and are tested on the test net before being implemented on the main net. Some projects tend to run the "launch now and fix later" method, while Cardano takes its time to build a product that is sturdy at launch. The price of the token is also lower than several other chains. This is due to the amount of ADA that was minted. The amount was done for a reason: to make it look less intimidating than its competitors.
Being that Cardano uses a lot of testing and peer review for upgrades, this is also a downfall in the sense that it takes time to release new phases. This is where this blockchain gets the reputation for being slow and boring. The world of crypto is very fast-paced right now, and people want new content now even if it has a few bugs. The number of people who know the coding language Haskell is not as large as Ethereum or Avalanche. Its main competitor is Ethereum, and they are much larger and farther along. If your staking pool is not active when a block is minted, you will lose out on the rewards. The TPS is lower than other chains
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