About Cardano
Cardano is a decentralized public Blockchain and cryptocurrency project and is the fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Basic Information
| Token Name | ADA |
| Token Sale | 26,000,000,000 ADA |
| Social Media | |
| Token Price | 0.02 USD |
| Platform | Own Blockchain |
| Token Supply | 45,000,000,000 ADA |
| Hard Cap | ===== |
| Accepting | ETH |
| Whitepaper | Click Here For View Whitepaper |
| Website | Click Here For Visit ICO Homepage |
Projects
In the spirit of many open source projects, Cardano did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it embraced a collection of design principles, engineering best practices, and avenues for exploration. These include the following:
- Separation of accounting and computation into different layers
- Implementation of core components in highly modular functional code
- Small groups of academics and developers competing with peer-reviewed research
- Heavy use of interdisciplinary teams including early use of InfoSec experts
- Fast iteration between white papers, implementation and new research required to correct issues discovered during the review
- Building in the ability to upgrade post-deployed systems without destroying the network
- Development of a decentralized funding mechanism for future work
- A long-term view on improving the design of cryptocurrencies so they can work on mobile devices with a reasonable and secure user experience
Block Explorer
Cardano has its own Block Explorer. This is a useful tool that can be used to check the history of transactions that have taken place on the Cardano blockchain. All Ada transactions are publicly recorded on the blockchain and you can search to find details about any one of them. The information you will be able to see includes the amount of Ada sent, the public address of the sender, and the time and date of the transaction. The Cardano Block Explorer can help you check transactions on the Cardano testnet, which is running now, as well as on the real version of the network, which is to be launched soon. (The Cardano Testnet is a pilot version of the network on which engineers are running tests to make sure it is operating smoothly and securely before the launch of the real network.) Developers are building the capabilities of the Cardano Block Explorer and it is planned to become a complete resource which will contain statistics, charts, and many more features.
FR Complete
FP Complete is an advanced open source server-side software development and DevOps consulting company. They specialize in helping FinTech companies solve unique sets of problems related to data and information integrity, data security, architectural design, systems integration, and regulatory compliance. FP Complete is recognized worldwide for their contributions to the functional programming community using the Haskell programming language. Their people and processes have helped countless companies increase the velocity and quality of their delivered software products. From fortune 500 biotech companies to small blockchain FinTech software companies they have solved unique and complicated problems with expert results.
Proof Of Stake
In Proof of work, miners invest computing power to compete to be chosen as the leader who gets to make the next block and win a reward for doing so. By contrast, in proof of stake, the stakeholder who will form the next block is randomly selected, proportionally to the size of the stake that they have, according to the blockchain ledger.
“Proof” means having evidence that blocks of transactions are legitimate. “Stake” means the relative value held by addresses on the node. “Relative value” is all the value held by wallets on a particular node divided by the total value in the system.
There have been a number of attempts by other cryptocurrencies to develop a proof of stake algorithm, although these protocols have suffered from flaws and have not been shown to be provably secure.
For a blockchain to be secure, the means of selecting a stakeholder to make a block must be truly random. An innovation of Ouroboros to produce the randomness for the leader election process is to do this by way of a secure, multiparty implementation of a coin-flipping protocol.
Proof Of Stake Mining
Cardano uses a new proof of stake algorithm called Ouroboros, which determines how individual nodes reach a consensus about the network. The algorithm is a crucial part of the infrastructure that supports the Ada cryptocurrency and is a major innovation in blockchain technology. Ouroboros eliminates the need for an energy-hungry proof of work protocol, which stands as a barrier to blockchain scaling up for much wider use. Designed a team led by IOHK Chief Scientist, Professor Aggelos Kiayias, Ouroboros 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. The level of security demonstrated by Ouroboros compares to that of Bitcoin’s blockchain, which has never been compromised.
| Member |
Michael Parsons – CARDANO FOUNDATION CHAIRMANCharles Hoskinson – DEVELOPMENT PARTNER |
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