Cryptocurrency Q&A
What is Cardano backed by?
What is Cardano backed by?
Daniele
Sun Nov 10 2024
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7 answers
1304
Cardano is backed by a strong team of developers, led by Charles Hoskinson, and a scientific approach to blockchain development. It utilizes a unique Proof of Stake (PoS) consensus mechanism called Ouroboros, making it more energy-efficient and scalable than traditional blockchains. Additionally, Cardano has a robust community support and a growing ecosystem of applications built on its platform.
7 answers
Luigia
Tue Nov 12 2024
Cardano utilizes a unique security mechanism.
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alexander_watson_astronaut
Tue Nov 12 2024
This mechanism is based on a Proof of Stake protocol.
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Valentino
Mon Nov 11 2024
The protocol has been custom-built for Cardano.
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BusanBeauty
Mon Nov 11 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.
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Stardust
Mon Nov 11 2024
It is known as the Ouroboros protocol.
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