Cardano is an open-source blockchain and smart contracts platform, supported by the namesake cryptocurrency Cardano (ADA). The project is a direct competitor to Ethereum, and the two organizations also share a co-founder between them — Charles Hokinson. Hokinson claims that Cardano has cracked the problem of scalability with blockchains through its ‘Ouroboros‘ proof of stake (PoS) algorithm. While many in the industry — including Hokinson’s former colleagues Ethereum’s Vitalik Buterin and EOS’s Daniel Larimer — are not amused by this claim, Cardano has managed to rise the ranks of cryptocurrencies rather quickly, to be one among the ten largest by…
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End of year crypto roundup: How did Cardano perform in 2018?
Source: The Next Web
