What is the Cardano blockchain?

Under Hoskinson, IOHK began to work on the Cardano blockchain. Though Cardano is similar to Ethereum in that it is intended as a basis for smart contracts and blockchain programs, Hoskinson’s vision for Cardano was slightly different. Most importantly, he wanted Cardano to be built on top of solid scientific and mathematical foundations.

What are the features of Cardano?

The Cardano platform has several features. Below are some of them: Cardano is a digital currency that you can send or receive, provided you have a cryptocurrency wallet. You can also use it in exchange for goods and services. Smart contract on Cardano are contracts that execute themselves when the appropriate conditions are fulfilled.

What is the difference between Ethereum and Cardano?

Though Cardano is similar to Ethereum in that it is intended as a basis for smart contracts and blockchain programs, Hoskinson’s vision for Cardano was slightly different. Most importantly, he wanted Cardano to be built on top of solid scientific and mathematical foundations. For security, IOHK chose Haskell as Cardano’s programming language.

Is Cardano's upgrade a big deal?

For investors in Cardano and related ADA tokens on the network, it appears this upgrade is a big deal as well. As more projects choose interoperable blockchains such as Cardano, greater network effects can be achieved. Accordingly, analysts appear to be updating their models, with an intriguing divergence among experts.