The designers have relinquished the awkward “work affirmation calculation” (Proof of Work) for the special “share affirmation calculation” (Proof of Stake) called Ouroboros. Cardano is a blockchain-based biological system for certain brilliant contracts.
Cardano is a blockchain-based biological system for irrefutable shrewd contracts. The undertaking’s establishment is scholastic research and logical methodology. The initial step for Cardano was to build up the blockchain’s settlement layer — the ADA cryptographic money as a local advanced cash of the system. After the initial step is finished, the group will proceed onward to the more perplexing ‘registering layer’ that will present keen contract usefulness.
News Source: TheCoinRepublic