Crypto Corner: Cardano and Chainlink Explained
Welcome to the Crypto Corner, your daily dose of insights into the dynamic world of digital assets. Today, we're taking a closer look at two prominent cryptocurrencies: Cardano (ADA) and Chainlink (LINK). Our goal is to help investors navigate the exciting landscape of over 100 cryptoassets available on various platforms by providing a clearer understanding of these key players. Delving Deeper: Cardano (ADA) Cardano, launched in 2017 after being founded in 2015, stands out due to its innovative approach to blockchain technology. It operates on a unique proof-of-stake (PoS) consensus mechanism known as Ouroboros. This protocol is meticulously designed to offer exceptional energy efficiency, robust security, and enhanced decentralization, addressing some of the common concerns associated with earlier blockchain models. Unlike energy-intensive proof-of-work systems, Ouroboros allows participants to validate transactions and create new blocks based on the amount of ADA they hold and are…
