Knowledge pills on Cardano ( ADA )
1. What is Cardano
Cardano is a blockchain platform with more advanced features than any protocol yet developed.
It is a technological platform that will be capable of running financial applications currently used every day by individuals, organisations and governments all around the world. The platform is being constructed in layers, which gives the system the flexibility to be more easily maintained and allow for upgrades by way of soft forks.
2. It has a global team of leading academics and engineers
Their team is composed expert engineers and researchers drawn from around the world and with scientific philosophy.
3. Ouroboros
Cardano uses a new proof of stake algorithm called Ouroboros, which determines how individual nodes reach consensus about the network. It is the first proof of stake protocol that has mathematically been shown to be provably secure, and the first to have gone through peer review through its acceptance to Crypto 2017, the leading cryptography conference.
4. Daedalus
Daedalus is a highly secure wallet for the Ada cryptocurrency. Daedalus will add more cryptocurrencies and be developed over time along with Cardano, to become a universal wallet, blockchain application platform and an app store.
5. IOHK
It is the company behind Cardano and is a technology company committed to using peer to peer innovations. Currently IOHK is studying new tools and paradigms for cryptographic research and the architecture of cryptocurrencies.