Cardano $ADA devs InputOutputHK explained what makes Cardano tokens different
First, on other blockchains, assets are created via smart contracts , while on Cardano , they exist natively on the blockchain itself.
This, in turn, makes the token creation processes more secure: developers and teams do not need to rely on the features of smart contracts. Instead, every token shares the same level of security with Cardano mainnet. Cardano is a pioneering blockchain when it comes to customization of tokens. Teams can make their Cardano-based assets crater to their needs with tailored solutions.Last but not least, the technical design of Cardano's tokens make them more resource efficient: the processes of minting, burning and transfer require fewer computational resources than those of competitors.
As such, all tokens on Cardano work not unlike its initial cryptocurrency, ADA. However, there are two main facets that make ADA outstanding. First, ADA cannot be destroyed, unlike Cardano-based tokens. ADA is the only cryptocurrency accepted as a fee payment method on Cardano .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Key Things About Cardano (ADA) Right NowHere's what should be known about Cardano $ADA right now cardano cardanoada ada cardanocommunity iohk
Read more »
Charles Hoskinson States ADA Payments Accepted in His Finally Launched Business VentureCardano founder IOHK_Charles visits his newly opened clinic, where $ADA payments are accepted
Read more »
Cardano’s Decentralization Will Be “Wake-Up Call” for Other Coins, Hoskinson SaysCharles Hoskinson, founder of Cardano, recently addressed the cryptocurrency community, predicting that Cardano's increasing decentralization will send a wake-up call to the entire industry
Read more »
Cardano Meme Coin Snek (SNEK) Hits New All-Time High, Price up 26%Cardano-based meme coin $SNEK reaches new ATH, this is big for Cardano too: Crypto Capital Venture CEO cryptorecruitr
Read more »
Binance to Remove These Cardano and XRP Trading PairsA few $ADA and $XRP pairs are getting removed from Binance as trading volumes on centralized exchanges are plummeting
Read more »