If you are searching for a guide to learn about Cardano’s new launchCardano Bridge, then this guide has got you covered. Cardano is launching a new KEVM (K Ethereum Virtual Machine) to connect with the leading smart contract platform developers. Cardano’s founder and CEO, Charles Hoskinson, was a co-founder of Ethereum. Disagreements over Ethereum’s direction prompted Hoskinson to create Cardano, taking a more academic approach to development and addressing the infamous issues that have plagued the largest smart contract platform.
Cardano debuted after Ethereum and is taking its time getting things right. The platform is only now preparing to support smart contracts as part of its ‘Goguen’ era, and it hopes to entice some developers to make the switch. Ok so, this might not be the cup of your tea because you don’t have much idea about what Cardano is. Therefore, let’s first learn about Cardano.
What is Cardano?
Cardano is the first proof-of-stake blockchain platform founded on peer-reviewed research and developed using evidence-based methods. It combines cutting-edge technologies to provide decentralized applications, systems, and societies with unparalleled security and sustainability. Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and to be an enabling force for positive change and progress. A team of engineers leads it.
The benefits of Cardano
Cardano restores trust in global systems by using science to build a more secure, transparent, and long-lasting foundation for individuals to transact and exchange, governing systems, and grow businesses. Cardano introduces a new technology standard – open and inclusive – to challenge the old and usher in a new era of sustainable, globally distributed innovation. Cardano is the first blockchain platform to be built through peer-reviewed research, and it is also the first to be secure enough to protect billions of people’s data. Besides, it is scalable enough to support global systems and robust enough to support foundational change.
Cardano has a long way to go to catch up to Ethereum in terms of the sheer number of decentralized apps and transactions, but the entire space is still young, and it only takes a few big players to abandon ship for the competition to heat up. SingularityNET, a decentralized AI project led by the legendary Dr Ben Goertzel, announced earlier this year that it had begun transitioning from Ethereum to Cardano. This is undoubtedly a big achievement for Cardano. And with the launch of Cardano Bridge, this is going to get better for the company.