Cardano Developer Input Output Announces Network Parameter Update
Cardano developer Input Output HK (IOHK) has announced another network parameter update on the Cardano network as part of its scaling plans for 2022.
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.
Cardano developer Input Output HK (IOHK) has announced another network parameter update on the Cardano network as part of its scaling plans for 2022.
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