
Ouroboros Leios Incoming: Can Cardano Propel ADA to Outperform Solana?
TL;DR Major Upgrade Ahead: Cardano is set to roll out the Ouroboros Leios upgrade, which will overhaul its core architecture to boost scalability and efficiency, directly
Cardano is a decentralized blockchain platform and cryptocurrency created in 2017. Its native cryptocurrency, ADA, is used for transactions and as a store of value.
Cardano aims to offer a more secure and sustainable blockchain ecosystem through its use of a proof-of-stake consensus algorithm, which requires less energy than traditional proof-of-work algorithms.
Cardano’s development is driven by a scientific approach, with a focus on academic research and peer-reviewed papers. Its goal is to create a scalable and interoperable blockchain that can support a wide range of decentralized applications and use cases.
Cardano’s team has also created a unique governance model that allows stakeholders to vote on proposed changes to the network, ensuring a more democratic and decentralized decision-making process.
TL;DR Major Upgrade Ahead: Cardano is set to roll out the Ouroboros Leios upgrade, which will overhaul its core architecture to boost scalability and efficiency, directly
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