The Cardano Ecosystem is a unique, hybrid blockchain that unites the power of decentralisation with the scalability of traditional database architecture. The result is a high-performing, low-cost blockchain that enables the development of decentralised applications and enterprise solutions.
What is The Cardano Economic System
The Cardano Economic System is comprised of:
1. The CARDANO COIN: The digital currency which powers the Cardano Ecosystem .and can be used to pay for goods and services within the ecosystem. It is open-source so that anyone can study its code for truth, transparency and audibility. The Cardano coin is the first proof-of-stake blockchain coin to offer these benefits, making it uniquely suited for use as a store-of-value and medium of exchange. It also provides advanced features such as sharding, stake delegation, and a treasury model.
2. The CURVE: The economic backbone of the Cardano Ecosystem, which provides all of the tools required to create, issue and manage currencies within the Cardano Network. This includes an Asset Exchange where assets can be issued, transferred and redeemed in CARDANO COINS; a Governance Model which enables users to vote on network upgrades; and an AML/KYC module that allows compliance with local regulations.
3. The ENTERPRISE PLATFORM: The platform enables organisations to build their decentralised applications and solutions on top of the Cardano blockchain. It provides an Application Programming Interface (API) for developers and an IDE for simplified coding. The enterprise platform also supports the deployment of sidechains and the issuing of security tokens.
4. The CARDANO ECONOMY – The decentralised, blockchain-based ecosystem that enables a new form of commerce.
5. The CARDANO EXCHANGE – the world’s first fully compliant cryptocurrency exchange built on the blockchain.
6. The BLOCKCHAIN – The decentralised ledger that underpins the entire Cardano ecosystem. It is a peer-to-peer network that is secure, censorship-resistant, transparent, tamper-proof and has no single point of failure. It is also programmable and can execute smart contracts.
What Are The Capabilities of The Cardano Ecosystem?
Cardano is the first blockchain to implement sharding, which exponentially increases the network’s processing power. This allows Cardano to process transactions ten times faster than Bitcoin, 100 times faster than Ethereum, and 1,000 times faster than the fastest server in the world. Sharding also enables Cardano to scale much more quickly. Cardano can still handle an enormous amount of transactions. Another unique feature of Cardano is its stake delegation capability. This allows users who hold a small amount of ADA to vote on network upgrades.
In the next five years, the internet will be re-shaped by crypto-currencies. These currencies will continue to gain acceptance and use as time goes by. However, many people will never fully understand them. That’s where we come in by explaining the Cardano ecosystem in simple everyday language.