Success Stories


Cardano’s Step to Success
Editorial Team

Cardano’s team has set up ambitious targets for 2018. Their goals include the rollout of a system for smart contracts which could potentially represent multiple improvements for the Ethereum Blockchain and if it proves to be successful this could be huge, according to cryptodaily.com report.

Charles Hoskinson, who is high up in ranks of Cardano and former developer of Ethereum is not afraid to talk about touting the supposed superiority of Ouroboros. Hoskinson said that Proof-of-Stake has been “solved,” in April.

The company hopes that all vital improvements over Ethereum both in terms of the consensus protocol and a smart contract platform will surpass Ethereum’s position as the top application platform. The difference of Cardano has to do with their huge network of researchers and their though-out approach gives them an upper hand on the topic.

Last May, Cardano succeed in the launch of their first net virtual machine. The Ethereum Virtual machine is what allows, the execution of smart contracts on the Ethereum Blockchain.

A functional wallet is vital for a new cryptocurrency. The Cardano community has been requesting more features for their wallet, which has a lot left tone worked on. Even though the basic improvements to the wallet are already available for access, there is more to come in the future. Overall, these new upgrades will be the groundwork for supporting more features like mobile wallets, simplified APIs and multi-signature transactions, according to cryptodaily.com publication.

 

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