Thread by @cyrilXBT

99% of investors who HATE on #cardano don't really understand it.

The narrative NEEDS to change.

Here's what you NEED to know about the underrated BEAST 🧵

#Cardano #CardanoADA $Ada

What I'll be covering :

• What is cardano ?
• The team behind #cardano
• How the cardano blockchain
• Scalability
• How does $Ada differ from $Sol ?
• Closing thoughts

Without wasting anymore time lets dive in ↓

1/

#Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods.

From games to #DeFi, cardano covers the whole gamut of blockchain-based versatility.

2/

Cardano was initiated by a group of cryptocurrency enthusiasts, investors, and entrepreneurs concentrated in Asia at the end of 2014.

@IOHK_Charles & Jeremy Wood founded @InputOutputHK are the two geniuses behind this BEAST.

It's native crypto $ADA was launched in 2017

@IOHK_Charles @InputOutputHK 3/

Cardano is a third-gen, open source, proof-of-stake blockchain platform.

It's blockchain designed to resolve the issues that the first two generations $Btc and $Eth suffer.

$Ada aims to solve scalability and interoperability, while fulfilling an agenda of #DefI

@IOHK_Charles @InputOutputHK → So how does #Cardano work? In simple terms

It's architecture features three layers:

• Consensus layer
• Ledger layer
• Network layer

@IOHK_Charles @InputOutputHK #cardano uses strong cryptographic primitives to securely create and send transactions.

This helps to protect the security and integrity of the protocol.

Awesome right ?... Hold on tight there's more ↓

https://twitter.com/1378241108401000450/status/1565945070314201089

@IOHK_Charles @InputOutputHK #Cardano utilizes asymmetric key pairs for:

• Signing and validating payments and staking certificates
• Smart contract execution
• Multi-signature transactions
• Identifying & defining addresses on the #cardano blockchain

@IOHK_Charles @InputOutputHK 4/

Cardano's sidechains enable a high degree of versatility and scalability.

A blockchain can spin up a series of sidechains and 'delegate' processing work to them to increase throughput, for example.

@IOHK_Charles @InputOutputHK 5/

How does Cardano differ from Solana?

Both chains use a proof-of-stake consensus mechanism.

For example:

Solana adds a technology known as proof of history, where consensus is achieved by the validation of the time difference between two events on the blockchain.

@IOHK_Charles @InputOutputHK Top #cardano CT Accounts you should be following to keep up to date:

@cryptorecruitr
@cardano_whale
@TheADAApe
@CryptoIRELAND1
@KaizenCrypto

@IOHK_Charles @InputOutputHK @cryptorecruitr @cardano_whale @TheADAApe @CryptoIRELAND1 @KaizenCrypto Alright , that's it for #Cardano #CardanoADA $Ada

If you'd like to keep up to date with time sensitive opportunities then follow @cyrilXBT

Also every Thursday I write the communities top voted project. 🧪

Everyone deserves FREE impactful knowledge.📚

@IOHK_Charles @InputOutputHK @cryptorecruitr @cardano_whale @TheADAApe @CryptoIRELAND1 @KaizenCrypto Let me know if you found this thread helpful.

#Cardano #CardanoADA $Ada

What's your opinion on $Azero ? What did I miss?

Follow me @cyrilXBT for more 🧵 's like this.

Like/Retweet the first tweet below to share the love 🫂

https://twitter.com/cyrilXBT/status/1566486553156796418