Whereas the Cardano (ADA) protocol is similar to Ethereumâs PoS mechanism, the Cardano protocol is faster and has improved efficiency. The protocol introduces more features at an advanced level without blemishing the original idea of crypto that is decentralisation. Cardano balances security, speed and decentralisation whilst attempting to improve proportionally forward with each release or published paper. This is the idea from the mind behind it all, the founder Charles Hoskinson, who said this:
âWhat weâve done with Cardano is start with asking ourselves what a blockchain is. Does proof of work actually make a blockchain secure? Is there a way to build PoS with the exact same outcome? Can we do things in a way where we can achieve classical performance with decentralisation so that weâre moving the trade-off profile in a certain way? Every time Cardano publishes a paper we are taking a step forward.âYesterday, one of the leading crypto exchanges, Bittrex announced its decision to move forward to enable crypto/fiat trading pairs for both Zcash and Cardano. The crypto exchanges official Twitter account tweeted the news and then later confirmed this by sending out an email to its subscribers.
Weâre rolling out more USD pairs. On Sep 5 weâre launching US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC). Eligible #Bittrex accounts created before August are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: https://t.co/KA248OA2Bz pic.twitter.com/pzCry5OdTrâ Bittrex (@BittrexExchange) August 29, 2018
âBittrex is excited to open two new US Dollar markets, Cardano and Zcash, on September 5th, 2018! The approval process is fast and once approved you can trade all USD markets Bittrex offers today and in the future. When approved for USD deposits and withdrawals we will reply with wire transfer instructions and you will enjoy industry-leading same or next US-business day deposits and withdrawals.âThe Cardano Wallet will most likely bring in high quality digital currency wallets which will meet standards. Hoskinson added:
âThe release of the formal specification of the Cardano Wallet Backend is a major milestone for us and for all crypto. You should demand this standard for all protocols.â