Cardano Price Prediction

Cardano defines itself as a third-generation blockchain and sets a goal to solve the problems that its predecessors could not. It is the first blockchain project that is based on scientific philosophy. Cardano was designed and built by a global team made up of prominent academics and engineers from the blockchain community. In Cardano's case, three organizations are in charge of its development. The first one is the Cardano Foundation, an independent Swiss-based body with primary responsibility for supporting the community while mediating with regulatory authorities. Another company that works for Cardano is IOHK, leading cryptocurrency research, and development company. The company in charge of the commercial department is Emurgo. It is committed to investing in new companies and assisting commercial companies that want to participate in the Cardano blockchain. The Cardano platform uses a new algorithm for its Proof of Stake which it has called Ouroboros. This algorithm determines how individual nodes reach a consensus on the blockchain network. This algorithm is a crucial part of the entire infrastructure that makes ADA cryptocurrency possible, and it is certainly a great innovation in blockchain technology. Ouroboros eliminates the need for an energy-hungry Proof of Work, thus demolishing the barrier that prevents any Blockchain from dramatically expanding. The level of security that has been demonstrated so far by this algorithm compares to the Bitcoin Blockchain and it has never been compromised. Cardano is not applied in bulk, it develops in layers. The first layer, CS, acts as the Ledger of the balance sheet and is on the Cardano platform. This layer uses a PoS algorithm to generate new blocks and confirm any transaction. The CCL, the second layer, contains all the information about what happens to the transactions that are carried out on the platform. Thanks to this layering of the platform, CCL users can create different rules with the help of which they can evaluate transactions.