Which blockchain platform does Cardano rely on?
rupeshMay 01, 2022 · 3 years ago3 answers
Can you tell me which blockchain platform Cardano is built on? I'm curious to know the underlying technology behind Cardano.
3 answers
- May 01, 2022 · 3 years agoCardano relies on its own blockchain platform called Ouroboros. It is a proof-of-stake blockchain protocol that aims to provide a secure and scalable infrastructure for decentralized applications. Ouroboros uses a unique consensus algorithm that ensures the security and integrity of the network. With Ouroboros, Cardano aims to achieve a sustainable and energy-efficient blockchain ecosystem.
- May 01, 2022 · 3 years agoCardano is built on the Ouroboros blockchain platform. Ouroboros is a proof-of-stake protocol that allows Cardano to achieve consensus and secure its network. This blockchain platform is designed to be scalable, secure, and sustainable, making it an ideal choice for Cardano's decentralized applications.
- May 01, 2022 · 3 years agoCardano relies on the Ouroboros blockchain platform, which is known for its innovative proof-of-stake consensus algorithm. This algorithm ensures that the network remains secure and efficient, while also allowing for scalability and sustainability. By leveraging the Ouroboros platform, Cardano aims to provide a robust and reliable infrastructure for its users.
Related Tags
Hot Questions
- 95
What are the best practices for reporting cryptocurrency on my taxes?
- 83
What are the advantages of using cryptocurrency for online transactions?
- 81
What are the best digital currencies to invest in right now?
- 80
How can I buy Bitcoin with a credit card?
- 74
What is the future of blockchain technology?
- 67
What are the tax implications of using cryptocurrency?
- 27
Are there any special tax rules for crypto investors?
- 27
How can I protect my digital assets from hackers?