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RE: Explain Cardano to me

in #cardano6 years ago

As with most other currencies that have been developed in the last two years, Cardano has not used the work test algorithm that was introduced by Bitcoin that depends on the miners, but instead relies on the participation test algorithm known as Ouroboros. As the number of users grows, the network and algorithms must evolve to adapt to these new users and the modular structure of Cardano provides a unique opportunity for flexibility. Cardano is built from scratch in a new functional programming language known as Haskell, allows the code to be written in a more secure and reliable way since it has a mathematical approach. This language will be distributed to developers to integrate it into their development process along with a specialized set of tools for formal verification. This is the best time to invest in Cardano and get the maximum benefit. The future is certainly bright for this currency.

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Great summary, although Haskell is not that new. It's been used for a few years, maybe even longer for banks and military software that require a very high level of assurance.

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