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Glossary
- Cardano (ADA) grows as a proof-of-stake platform, enabling secure smart contracts for global industries, including agriculture and retail.
- Kaspa (KAS) uses GHOSTDAG technology to accelerate blockchain speed and security by allowing concurrent block coexistence, aiming for faster transactions.
- Arbitrum (ARB) scales Ethereum with layer-2 solutions, empowering ARB token holders to vote on protocol changes, enhancing decentralized governance.
Blockchain technology is revolutionizing various industries, led by innovative platforms like Cardano, Kaspa, Arbitrum, and VeChain. Cardano empowers users with its ADA token and has embraced smart contracts, while Kaspa enhances transaction speeds through its unique blockDAG structure. Arbitrum improves Ethereum scalability with layer-two solutions, and VeChain utilizes IoT for transparent supply chains. These projects are paving the way for a more decentralized and efficient future.
Cardano(ADA) Drives Blockchain Adoption with Global Real-World Applications
Market cap: $12.52B
Cardano (ADA) remains on the growth as a proof-of-stake platform, developing solutions for some significant industries globally. Cardano is a blockchain platform launched in 2017 after the mathematician Gerolamo Cardano, and users are equipped with their ADA token; the token holders can vote on some important decisions within the network. With its Alonzo hard fork launched in September 2021, Cardano successfully introduced smart contracts, significantly expanding decentralized applications on its platform. In just 24 hours following the launch, over 100 smart contracts were deployed, signaling Cardano’s potential in multiple industries. The platform has already demonstrated its versatility in applications, from tracking produce for agricultural companies to storing educational credentials securely and helping retailers combat counterfeit goods.
Kaspa(KAS) Pioneers BlockDAG Technology for Enhanced Blockchain Performance
Market cap:$3.01B
Kaspa, a cryptocurrency based on proof-of-work consensus, introduces an advanced structure by implementing the GHOSTDAG protocol. Unlike traditional blockchains that discard concurrent blocks, Kaspa’s protocol enables them to coexist, effectively enhancing transaction speed and reducing confirmation times. The technology operates with one block per second and aims to reach even higher rates. With features like reachability for querying its blockDAG topology and pruning of block data, Kaspa aims to improve performance and security on the blockchain. This system promises to support future layer-2 solutions, streamlining scalability while maintaining security.
Arbitrum(ARB) Expands Ethereum with Layer-2 Scaling and New Roadmap
Market cap:$2.09B
VeChain(VET) Innovates with IoT-Driven Solutions for Transparent Supply Chains
Market cap:$1.73B