Unique Features about Cardano's ADA
Earlier on, we covered Cardano here—discussing some of its features.
But, what separates ADA from the rest?
Indeed, there are evolving requirements that may advise a firm from supporting or rejecting a cryptocurrency.
ADA is one of the over 11k cryptocurrencies and token projects available for trading. Even so, some unique features make Cardano unique, suitable for businesses and even governments.
One of these is the fact that ADA is sustainable. Cardano's Proof-of-Stake is energy efficient and is attractive for businesses that are now shying away from energy-intensive Proof-of-Work consensus algorithms. It is estimated that every ADA transaction consumes just 0.5479 kWh, unlike Bitcoin's 1,722 kWh.
There is also the promise of quality code due to solid measures put in place by the development team—IOHK. The team is led by Charles Hoskinson—a co-founder of Ethereum. In all, Cardano is popular for being peer-reviewed with a clear long-term vision guiding their development.
For users searching for network strength, there are over 1,000 unique ADA staking pools making the network even more decentralized than Bitcoin.
Combined with ADA's fast block generation time, the coin can be used for settlement without hitches of high transaction fees. To counter future challenges, Cardano is also working on Hydra as its Layer-2 solution.
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