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1/18/2025 3:43:30 PM (GMT+1)

Why is Cardano called a third-generation cryptocurrency?

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Cardano is considered a third-generation cryptocurrency due to its innovations and its aim to overcome the problems of previous generations of blockchains, such as Ethereum and Bitcoin. Unlike them, Cardano is focused on providing a more efficient and scalable solution for decentralized applications and smart contracts. It uses a unique consensus algorithm called Ouroboros, which significantly reduces energy consumption and enhances the security of the network. Thanks to its scientific approach to development and support, Cardano promises stability and high growth potential in the future.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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