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What is Cardano?
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Cardano (ADA) is a Proof-of-Stake (PoS) blockchain platform that features smart contracts and has its own native cryptocurrency known as the ADA token.
This blockchain aims to avoid some of the pitfalls seen in competing blockchains in the form of scalability, energy usage, and the ability to interact with regular money.
Cardano is an open-source project that was originally founded in 2017 by Charles Hoskinson, one of the co-founders of the Ethereum (ETH) network. It is a Proof-of-Stake (PoS) based network, which is a lot less energy-intensive when compared to Proof-of-Work (PoW) based networks such as Blockchain (BTC).
The ADA cryptocurrency is designed to ensure that each owner is provided with the ability to participate in the broader operation of the network. Those that have the cryptocurrency can vote on any proposed changes to the core software, and unlike miners, validators are chosen based on how much ADA they own.
Validators are then tasked with validating the transactions on a block, where they place a bet on how confident they are in being able to verify all of the transactions. If they verify the validator block correctly, they get rewarded with more ADA tokens. At launch, 31 billion ADA tokens were created, where 26 billion ended up getting sold to investors.
Advantages of Cardano
Despite the existence of many other cryptocurrencies, ADA has a lot of advantages and here are just a couple of them.
Solid Reputation
Cardano is one of the most well-respected projects due to the fact that users and developers utilize scientific research as well as a formal level of verification throughout all parts of its development cycles, and it is one of the projects that has seen a lot of activity on GitHub.
Ouroboros
Cardano utilizes a unique consensus mechanism known as Oroborus that utilizes the Proof-of-Stake (PoS) model, which has allowed the network to remain secure as well as eco-friendly when compared to other projects within the crypto sphere.
Numerous Node Types
There are a total of three node types in the Cardano network, all of which contribute to its security, including mCore nodes, Relay nodes, and Edge Nodes.
Explore much more really exciting things about Cardano cryptocurrency on our blog and Twitter
Connect to Cardano withNOWNodes
If you are a blockchain decentralized application (dApp) developer or simply someone curious about how the back-end of a blockchain might work, in that case, it is advisable for you to connect to a blockchain node, as this will essentially allow you to gain access to any type of information that you require from the network in question.
What this means is that by using a blockchain-as-a-service provider such as NOWNodes, you can get access to everything that occurs on top of the network 24/7 and can gain a continuous source of information when it comes to creating a wallet exchange, analytical platform, dApps, or anything else on top of Cardano (ADA).
By connecting to a Cardano (ADA) node with NOWNodes, you can gain access to block height, wallet addresses, transaction data, balance history tickers list, or anything else that you need. NOWNodes gives you access to over 58 nodes, all of which you can access by using a secure RPC connection.
In order to get started, all you have to do is visit the official NOWNodes website, enter your email address, and then click on "GET FREE API KEY." Remember to visit the official documentation, where you will learn everything you need to know in terms of connecting. Furthermore, you can find the full node list here if you are curious about all of the nodes available alongside Cardano (ADA).
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Cardano Block explorer
By taking advantage of NOWNodes and gaining access to blockchain explorers, you can monitor anything that occurs on top of the network. This means that you will essentially gain a direct level of communication with the network at any point in time and can even contact the support team at any point in time you get stuck and need some level of assistance.
The block explorer will let you sync with the network, after which you can utilize all of the data throughout the development process.
Furthermore, you will be provided with information surrounding a specific block or gain information about the number of confirmations that have occurred, all of which are accessible through an API key and an RPC connection that has an uptime of 99.95% and connects in less than a second.
ADA block explorer is a tool that helps your Cardano-based crypto project stay updated on the current state of the blockchain. Get your blockchain API key, see the request examples in the Docs, and make queries to the explorer 24/7 to provide your customers with the best experience. Feel free to contact us at any time — we are always ready to help and answer any questions about the Cardano explorer!Check ,[object Object]
