What is Cardano ecosystem? How does it Work? Best way to Explain
Cardano ecosystem is decentralized third generation blockchain that successfully implemented the use of [POS]PROOF OF STAKE in Cryptocurrency world [Market]Cardano is developing a smart contract ecosystem which seeks to deliver more advanced features than any protocol previously developed and will serve as a stable and secure platform for the development of enterprise-level Dapps
Cardano ecosystem will use a democratic governance system that allows the project to evolve over time, and fund itself in a sustainable way through a visionary treasury system which will make Cardano powerful and rising high expectation for others blockchain [ecosystem] in the field
What is Cardano Ecosystem break Down
Cardano Ecosystem break Down According to our understanding and research, ecosystem is break down following these steps below but always do your own research:
- 3rd Gern platform
- Formally Verified
- Secure
- Scalable
- Interoperable
- Stake Pool Operators
- Exchange
- Delegation
- stake Pool
Cardano Ecosystem High level architecture
Cardano Ecosystem architecture are various component that interact together with purpose to fulfil multiple case.
What are Nodes and remote nodes
nodes and remote nodes simply a process that allow blockchain to communicate with each other in the network with the main goal to helps achieve consensus state. Cardano nodes are responsible for the step listed below:
- Executing ouroboros protocol
- Validating and relaying Blocks
- Producing Blocks
- Providing live information of Cardano [blockchain]Ecosystem to other clients
What is Cardano Stake Pool Operators
Cardano stake Pool operators [SPOs] are the main actor of Cardano ecosystem, meaning there are the one making sure transaction processing and blocks completed correctly.
What is Cardano Delegation
Cardano Delegation is simply a process or mechanism that occurred when POS allows protocol to scale where the stakeholders highly shared.
What is Cardano Stake Pool
Cardano stake pool is a process that allow blockchain focusing on combining multiple nodes of stakeholders to single entity.
For More Information Concerning Cardano
Cardano Official Website: https://cardano.org/
Cardano Twitter: https://twitter.com/Cardano
Cardano Telegram: https://t.me/CardanoAnnouncements
Cardano Forum: https://forum.cardano.org/
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