The first born out of philosophic research – Cardano (ADA) protocol. Very similar to Ethereum’s PoS mechanism but with improved speed and efficiency the platform delivers more advanced features without stepping down the original idea of crypto – decentralization.
While maintaining the balance of the three big ones: Decentralization, Security and Speed, Cardano attempts to improve proportionally forward with each release or published paper. This is the real vision of its founder – Charles Hoskinson, who is at the same time one of the individuals that commenced the Ethereum project.
“What we’ve done with Cardano is start with asking ourselves what a blockchain is. Does proof of work actually make a blockchain secure? Is there a way to build PoS with the exact same outcome? […] Can we do things in a way where we can achieve classical performance with decentralization so that we’re moving the tradeoff profile in a certain way? […] Every time Cardano publishes a paper we are taking a step forward.”
Bittrex, one of the leading cryptocurrency exchanges by trade volume around the world, announced a few hours ago its decision to enable crypto/fiat trading pairs for Cardano and Zcash. Its official account tweeted this and later confirmed via an email sent to its subscribers.
Bittrex is excited to open two new US Dollar (USD) markets, Cardano (ADA) and Zcash (ZEC), on September 5, 2018! …
The approval process is fast and once approved you can trade all USD markets Bittrex offers today and in the future. When approved for USD deposits and withdrawals we will reply with wire transfer instructions and you will enjoy industry-leading same or next-US-business-day deposits and withdrawals. Follow us on Twitter for new USD market announcements and the latest updates.
Its architecture and project infrastructure as a whole widespreads even more. Cardano Wallet specification will most likely produce the highest quality cryptocurrency wallet that meets certain standards. These specifications can vary from what is expected as for example the user interface but more concentrate on the communication blockchain-software. IOHK CEO Charles Hoskinson added:
“The release of the formal specification of the Cardano Wallet Backend is a major milestone for us and for all crypto. You should demand this standard for all protocols”