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Cardano is a decentralized third-generation proof-of-stake blockchain platform. While it shares characteristics and applications with other blockchain platforms like Ethereum, Cardano distinguishes itself from others through a commitment to peer-reviewed scientific research as building blocks for updates to its platform.
Three organizations are responsible for Cardanoโs development: IOHK, Cardano Foundation, and EMURGO. The first two are non-profit foundations and the third is a for-profit entity. The IOHK, which is responsible for building Cardano, works with a team of academics spread out across the world to produce research and review platform updates before implementation to ensure that they are scalable.12
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Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money.Satoshi Boomin is not providing you individually tailored investment advice. Nor is Satoshi Boomin registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Satoshi Boomin is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
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