What is the Cardano project?
Cardano is an open source blockchain platform powered by the ADA cryptocurrency token, widely used to host internationally distributed systems and applications. The Cardano ecosystem was founded in 2015 by Charles Hoskinson, one of the founding members of Ethereum. how to create nft on cardano,Unlike the origins of Bitcoin (BTC), Cardano did not have a white paper with the authority to predict its position within crypto currencies. Instead, Hoskinson had the idea of building layers for a problem-solving system that exists in other crypto ecosystems.
With this goal in mind, Hoskinson founded three organizations – the Cardano Foundation, how to create nft on cardano,(IOHK) and EMURGO – to develop a blockchain ecosystem built on a proven evidence-based protocol.
Cardano Building: Two layers of Cardano blockchain
The Cardano ecosystem is designed as a third-generation blockchain platform consisting of two layers – the resolution layer (CSL) and the computer layer (CCL) which serves as the basic components of everything.
Cardano Settlement Layer (CSL)
Cardano developers want to create a system that separates transaction value from its computational data. Cardano Settlement Layer is designed to manage the movement of value (or currency) between sender and receiver. how to create nft on cardano,In other words, a residential layer is the router layer for all control layers and systems.
CSL uses two dedicated writing languages - Plutus and Marlowe – to deliver value and improve support for overlapping network protocols.
Cardano Computation Layer (CCL)
Cardano Computation Layer helps Cardano duplicate the Bitcoin (BTC) smart contract platform of the ecosystem, Rootstock (RSK blockchain). The reason for the use of CCL lies in its ability to help measure special agreements over the years. This involves adding hardware security modules (HSM) to an existing agreement stack as technology advances.The two layers of Cardano blockchain allow the ecosystem to apply continuous changes to support faster and more secure transactions while deleting any user metadata that appears to be unimportant in this process.
ADA – Cardano’s traditional cryptocurrency token
ADA is an internal symbol of the Cardano blockchain that resides in the Cardano Settlement Layer. The maximum supply of ADA cryptocurrency is limited to 45 billion tokens, which will be released later through the transaction. A strict limit on the amount of token issuance ensures the deduction clause in the ADA. However, the ecosystem is set to show inflation until the ecosystem releases a large portion of the reserves for use, which is estimated to start from 2030.Like any other popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), the ADA can be exchanged for fiat currencies like the US dollar and stored in crypto wallets. In addition to Cardano’s traditional wallet offerings such as Daedalus and Yoroi, third-party wallet services also support ADA storage and transfers.
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