This is my first post on the Steem Skillshare community and I have delegated 100 Steem Power to this community so that in the future it can develop even more on the steemit platform. On this occasion I will take part in a contest organized by @vik24, namely Contest : Share you skills in cryptocurrency - best coin, and features.
1). Tell which crypto is your favorite, and why?
source I choose
Cardano (ADA) cryptocurrency as my favourite coin of choice. The emergence of
blockchain technology and
Bitcoin cryptocurrency has had a major influence on the scope of finance and other economic industries, cryptocurrencies are here to provide convenience and also a lot of choices for their users. After Bitcoin became one of the largest coins in the world, a few years later came to a coin called
Cardano (ADA) which used
Proof-of-Stake consensus in its process and became one of the most popular cryptocurrencies following its predecessors
Bitcoin and
Ethereum.
Website coin Cardano (ADA) source Cardano (ADA) coin is a blockchain platform that uses a third-generation
Proof-of-Stake (PoS) consensus mechanism that implements a
decentralized system.
Proof-of-Stake itself is one of the two consensus mechanisms for regulating crypto-asset transactions processes. With this mechanism, traders can mine based on the number of coins they have, so the system is also more efficient.
Cardano (ADA) is one of the projects in the largest
blockchain network that has succeeded in using a consensus mechanism that is more energy efficient and environmentally friendly than the
PoW (Proof-of-Work) algorithm used by
Bitcoin.
2). Tell us a bit why the coin of your choice is better than the others ?
Top 5 Crypto Coin Market Capitalization via Coinmarketcap source Cardano (ADA) is one of the projects of a blockchain network that uses a
PoS (Proof-of-Stake) consensus mechanism where the work done using this mechanism will greatly save energy and the costs incurred can be adjusted.
Cardano is also developing a smart contract platform that will make it a stable and secure platform for the development of enterprise-level
DApps (Decentralized Applications).
Cardano goal is not to take over the entire conventional financial system, but to use Blockchain technology to bring the banking financial system to a place that is not yet accessible to all.
Market Cap Cardano (ADA) via coinmarketcap source Cardano is the choice of cryptocurrency other than bitcoin that provides convenience and guaranteed security, since its appearance a few years ago the market capitalization of the
ADA coin continues to rise and it is hoped that in the future it will continue to grow.
3). Tell us how you use it and where ?
Every platform that moves within the blockchain network is the algorithm it uses to create blocks and validate transactions. Cardano (ADA) works by using the Ouroboros algorithm, an algorithm that uses the Proof-of-Stake protocol to mine blocks. This protocol is designed to reduce energy expenditure during the block production process to a minimum and make it environmentally friendly. This is done by eliminating the need for hash power, in the Proof-of-Stake system that Cardano uses, staking determines the ability of nodes to create blocks.
source Cardano can be used just like cryptocurrencies are used,
cardano offers fast and inexpensive transactions.
Cardano (ADA) asset market is already very large, so there is no need to bother investing in
cardano.
ADA coin holders can earn more coins by validating future block transactions, can receive multiple block rewards and a small share of network fees, and also
Cardano (ADA) holders can vote for protocol changes, which makes the
blockchain network system more flexible.
Hopefully useful for all of us. cc @vik24
I invite my friends to join this contest so that there will be more people sharing about their favorite coins. @novaamalia @ardifitra @tunjex12 @zahrul24 @ardifitra95 @teukuafrizal @sangerpancong @gengkira @raihanfairuzy @azkaalqhifari
source by Undraw and edited with Adobe Illustrator CC
Do you need to set up a supernode to stake this coin?
sangat informatif dan terstruktur 👍
thank you @novaamalia
This is very interesting, thanks for your entry