Which blockchain network does Cardano use?
Meho_MehoDec 17, 2021 · 3 years ago3 answers
Can you tell me which blockchain network Cardano uses for its operations? I'm interested in understanding the underlying technology behind Cardano.
3 answers
- Dec 17, 2021 · 3 years agoCardano uses its own blockchain network called the Cardano Settlement Layer (CSL) for its operations. It is a proof-of-stake blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications. The CSL is designed to support smart contracts and enable the transfer of ADA, the native cryptocurrency of Cardano.
- Dec 17, 2021 · 3 years agoCardano utilizes its own blockchain network known as the Cardano Settlement Layer (CSL). This blockchain network is specifically designed to support the ADA cryptocurrency and enable the execution of smart contracts. The CSL employs a proof-of-stake consensus mechanism, which ensures the security and efficiency of the network.
- Dec 17, 2021 · 3 years agoCardano relies on its own blockchain network, the Cardano Settlement Layer (CSL), for its operations. The CSL is a decentralized platform that utilizes a proof-of-stake consensus algorithm. It provides a secure and scalable infrastructure for the execution of smart contracts and the transfer of ADA. With its focus on sustainability and scalability, Cardano aims to revolutionize the blockchain industry.
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