On which network does Cardano operate?

3 answers

• Ozgur Tunca BeeSmartAug 11, 2022 · 3 years ago
  Cardano operates on its own blockchain network called the Cardano Blockchain. It is a decentralized platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications and smart contracts. The Cardano network utilizes a proof-of-stake consensus algorithm called Ouroboros, which ensures the security and integrity of the network while also being energy-efficient. With its focus on academic research and peer-reviewed development, Cardano aims to be a sustainable and inclusive platform for the future of finance and decentralized applications.
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• Daniel Rodrigues de SousaMay 05, 2021 · 5 years ago
  Cardano operates on the Cardano Blockchain, which is a third-generation blockchain platform. It uses a proof-of-stake consensus algorithm called Ouroboros, which allows users to participate in the network's security and governance by staking their ADA tokens. The Cardano network is designed to be scalable, interoperable, and sustainable, with a focus on security and formal verification. By operating on its own blockchain network, Cardano aims to provide a robust and reliable infrastructure for decentralized applications and financial services.
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• AngraMainyuLZSep 17, 2020 · 5 years ago
  Cardano operates on its own blockchain network, known as the Cardano Blockchain. The Cardano network is built using a proof-of-stake consensus algorithm called Ouroboros, which ensures the security and efficiency of the network. Unlike other networks that operate on existing blockchains, Cardano was designed from the ground up to address the limitations of previous blockchain platforms. It aims to provide a secure and scalable infrastructure for the development of decentralized applications and smart contracts. With its focus on research-driven development and rigorous peer review, Cardano aims to be a leading platform in the cryptocurrency space.
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