Coin of the Week – Cardano
- Post by: bag2q
- June 12, 2020
- Comments off
12 June 2020.
This week Cardano has underperformed Bitcoin by -5.44% and is also down against the US Dollar by -6.88%.
- Trading volume (last 24hrs): $ 90,709,337.09
- Transaction Volume (Adjusted 7 day average): $ 288 Million
- Active Addresses (7 day average): 11 K
Cardano is an open source blockchain for smart contract and dapp development. It utilises a variation of Proof of Stake called Ourboros, which has been optimised for Cardano’s modular configuration. Ourboros enables features like side-chains or network delegation while upholding the networks security.
Cardano’s phase 2 of 5, “Shelley” is set to roll out this year. Currently the network runs on trusted nodes, Shelley will allow the network to transition into a public network.
Check out the Shelley Rollout Plan below:
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