Project | Funding Status | Region | Categories | Ecosystem | Founded | Token Issuance |
---|---|---|---|---|---|---|
Bit2Me | Spain | CEX CeFi | Jan 01, 2014 | With Token | ||
Protego Trust Bank | Series A | United States | CeFi | Jan 01, 2020 | No Token |
Cardano(ADA) is always thought of “ the third generation blockchain”. The first generation is Bitcoin, operating on a proof-of-work model and storing value;The second generation is Ethereum, which developed smart contracts but still experienced significant limitations. On the basis of the above two, Cardano improves the architecture and consensus.
Cardano's unique two-layer architecture separates the ledger of account values from the reason why values are moved from one account to the other. This separation is done to increase smart contract flexibility and improve scalability. The Cardano Settlement Layer (CSL) is used to transfer ADA, the native cryptocurrency of Cardano, while the Cardano Computation Layer (CCL) is used to run smart contracts.
Cardano also introduces a new proof-of-stake algorithm called Ouroboros, which determines how individual nodes reach consensus about the network, is the first provably secure proof-of-stake protocol, and the first blockchain protocol to be based on peer-reviewed research.
In June 2023, the SEC filed lawsuits against Binance and Coinbase, in which the ADA token was defined as a security in both cases. This has caused Cardano's market value to decline significantly in recent months.
Above are only for introduction, not intended as investment advice.