Since its inception in 2015, the Cardano project had one clear goal: to alter the way cryptocurrencies are designed and developed. Like many other open-source projects, #Cardano did not have a defined roadmap or an authoritative whitepaper.
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Rather, it combined a range of scientific design principles and engineering best practices to produce a solid, pioneering, research-based blockchain. Such an approach positions #Cardano uniquely among other #blockchain platforms.
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A set of the best practices, ideas & contributions formed #Cardano’s foundation for building a secure, decentralized, and scalable ledger. There is now a substantial body of research, represented by IOG’s extensive library of papers, which at the time of writing numbers 139
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Many of them have been peer-reviewed and accepted at top-tier academic conferences. According to Google Scholar, the original Ouroboros paper has been cited more than 1,200 times.
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Here’s the first of a series of blog posts taking a closer look at the research underpinning #Cardano
There are over 1,000 projects #BuildingOnCardano and the ecosystem continues to grow.
That’s 1,000+ projects that believe in the Cardano blockchain and its community.
Let’s take a look at why some of these projects are choosing #Cardano. In their own words.
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💬 @adahandle - ‘a standardized NFT project that devs & users use to associate Cardano addresses with custom, human-readable addresses.’
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🌍 @Adanianlabs - ‘an AI, Blockchain, and smart technologies venture studio that builds nurtures, and scales impact-driven tech startups across Africa.’
Ouroboros is the consensus protocol for #Cardano, the first provably secure proof-of-stake protocol, and the first blockchain protocol based on peer-reviewed research.
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Combining unique technology and mathematically verified processes, Ouroboros guarantees and supports the security and sustainability of any blockchain implementing it.
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The result is a protocol with proven security guarantees, able to facilitate the propagation of global, permissionless networks with minimal energy requirements.
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🏃We’re now into the final mile as we head towards the #Vasil upgrade and HFC event. Work is proceeding well and our operational focus remains on delivering the H/F by the most efficient route BUT MOST IMPORTANTLY to the right quality.
✔️It is IOG’s responsibility to execute a successful upgrade / hard fork that is safe and secure. It also requires minimal disruption to exchanges and ecosystem partners - from #Dapp developers to 3rd party tools providers. 2/n 🧵
👌The integration program towards Vasil is the most complex to date from a number of angles. It's a process that requires not only significant work, but also close coordination. 3/n 🧵
EUTxO differs from Ethereum’s account-based model. In Ethereum’s model, everyone has an account with a balance. When funds are transferred from one account to another, then balances are updated.
The ‘E’ in EUTxO stands for extended, improving on Bitcoin’s UTxO. Whereas UTxO smart contracts only interact with immediate requests to confirm a transaction, #Cardano’s EUTxO model improves on this.