Competition in the decentralized application space is heating up, and Cardano is looking to become a major contender.
and claims to be the first provably secure system of its kind. In PoS networks, users don’t have to mine tokens; instead, they participate in the block-validation process by staking the native token. This involves locking up tokens in order to stand a chance of being selected to add new blocks to the blockchain. Staking systems are weighted, meaning the more coins you lock up, the higher your chance of being selected to add new transaction data to the next block.
, a major ongoing upgrade to the Ethereum blockchain to make it more scalable, energy efficient and cost-effective.Unlike other blockchains, Cardano implements a scientific peer-reviewed process prior to the release of any new product, service or update. This provides a greater degree of confidence and assurance than is offered by a vast majority of other cryptocurrency projects. First,detailing new proposals and their underlying technologies.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano-based Flickto Sees Its IDO Target Increased by 114%Cardano-centric community-driven media launchpad Flickto (FLICK) shares the details about its IDO fundraising
Read more »
Cardano-Powered DEX SundaeSwap Announces Audit CompletionSundaeSwap is being billed as the first functional DEX on Cardano
Read more »
Dreams of a New COVID Pill Panacea Have Been DashedTwo newly approved antiviral drugs will be important weapons against COVID, but experts fear they will not solve all of our problems.
Read more »
Cardano To Launch DeFi Loan Service In Africa Next Year To Foster Crypto Adoption For Over 1.3 Billion People On The ContinentCardano hopes to kickstart DeFi in Africa next year with new offerings. Charles Hoskinson believes it will help liberate Africans from oppressive banking institutions. Cardano has had a growing presence in the African continent with deals in Ethiopia and Tanzania. Charles Hoskinson, Cardano’s...
Read more »
What Is the Ethereum Arrow Glacier Upgrade? | Binance AcademyThe Ethereum Arrow Glacier Upgrade was implemented on December 9. Why? 🔸 The network could have ended up almost unusable without it 🔸 It motivates the development of Ethereum 2.0 Learn more 👇
Read more »