Cardano to Hold AMA on X on December 18th
Cardano Foundation is hosting an AMA on X on December 18th at 14:00 UTC, focused on the Critical Integrations Budget and its role in Cardano’s next development phase.The session brings together representatives from the Cardano Foundation, EMURGO, IOG, Midnight, and Intersect to discuss priorities, integration strategy, and ecosystem coordination. Refer to the official tweet by ADA: This Thursday at 15:00 CET, the Cardano Foundation is hosting a live AMA to discuss the Critical Integrations Budget and what it delivers for Cardano’s next phase.Featuring:• , CEO, Cardano Foundation• , CEO, • , President,…ADA InfoCardano is a public blockchain platform for smart contracts, similar to Ethereum. Launched in 2017, it was developed by Ethereum co-founder Charles Hoskinson. The Cardano project is known for its emphasis on a research-driven approach, and it was the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.The Cardano blockchain operates in a unique way. It uses a new proof of stake algorithm known as Ouroboros. Unlike proof-of-work blockchains, which rely on miners to verify transactions and create new blocks, the Ouroboros algorithm chooses a node (stakeholder) to generate a new block based on the proportion of cryptocurrency that stakeholder holds. This makes the Cardano network highly scalable.Cardano’s ADA token is used for transactions within the network as well as a way for network participants to vote on changes to the platform. It is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.One of the most distinguishing features of Cardano is its layered architecture including the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL manages the cryptocurrency ADA, and handles transactions, while the CCL is responsible for the smart contracts and computation. This separation allows for better network security, flexibility, and simplicity in the design of smart contracts.In conclusion, Cardano is an innovative blockchain platform that“s designed to be secure, scalable, and sustainable. It”s unique in the cryptocurrency world due to its science-based approach, its layered architecture, and its focus on stakeholder voting.