RATE Group | Cardano (ADA) Coin Story: Attempt to Improve what Bitcoin and Ethereum Chose Wrong
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Cardano (ADA) Coin Story: Attempt to Improve what Bitcoin and Ethereum Chose Wrong

16 Sep Cardano (ADA) Coin Story: Attempt to Improve what Bitcoin and Ethereum Chose Wrong

Posted at 10:14h in Ethereum News by

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Since Bitcoin’s inception in the financial world it has given birth to a new field of ideas and solutions to be explored by many for the issues that are globally met right now. Mostly and tremendously in the currency industry. One of the most influential and respected figures trying to shape-up and improve the crypto-verse by no doubt is Charles Hoskinson – Founder of Cardano and IOHK Foundation.

Cardano’s (ADA) Story

Given birth by scientific/philosophical research and principles, the network is quite new in the play. Initiated by one of Ethereum’s co-founders and above mentioned – Charles Hoskinson, it is labelled by many as one of the most promising to choose from setting itself a target of overcoming the big ones.

It all started when back in 2011 Mr. Hoskinson was introduced to the idea of blockchain and cryptocurrencies. As Bitcoin was and still is the big player in the game, the mechanism of Proof of Work or PoW was the most famous one. However, due to the high cost…

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