What Is Cardano $ADA ? | Cardano Explained-Ouroboros POS | Overtaking $LTC Soon | Cardano News

Cardano is described as a third generation blockchain. Cardano is unique in that everything that is put into Cardano needs to be peer-reviewed for legitimacy and accuracy. All technology whitepaper and documentation is sent to a third party reviewer to be reviewed, and confirmed. Ouroboros is the consensus model that Cardano developed, and is the first provably secure proof of stake system that addresses these issues. So today, we will be breaking down Ourobor0s POS!

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00:20 Beer Introduction
00:43 Bottle Cap Flip
00:50 Community Pick: Cardano $ADA
01:23 The Cardano Peer Review Process
02:16 What Issues Is Cardano Trying To Solve?
02:37 Cardano Tech Whitepapers
02:55 Ouroborus Proof Of Stake Protocol
03:16 How Proof Of Stake Works
04:00 Slots and Epochs In Cardano’s Blockchain
04:23 Slot Leaders Produce Blocks
05:03 Slot Leaders Also Elect New Slot Leaders
05:21 Stages In The Election Of Slot Leaders
06:12 Commitments In Cardano Are The “Locked Box”
07:37 Coin Tossing For Slot Leaders
07:59 Follow The Satoshi Algorithm

Ouroboros Proof of Stake (POS)

The team of nurse token do have a fully functioning MVP demonstrating how the smart contracts will work, and credentials will be confirmed. The credentialing process takes place on a private blockchain, developed by the CTO of the company Josef Jonas. The blockchain is called Xeru, and has been used by fortune 500 companies in other blockchain sectors and was created in 2014.

Nurse tokens are a nep5 contracts token, with the ticker symbol NUR. The total supply of nurse tokens is 300 million tokens. With 50 percent being sold in the crowd sale, the average price of the tokens is 16 cents per, which would raise them if fully funded just over 17 million dollars.

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DISCLAIMER: I am not a financial adviser. I am just a dude who knows crypto like the back of his hand. Be responsible for your own trades!

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What Is Cardano $ADA ? | Cardano Explained-Ouroboros POS | Overtaking $LTC Soon | Cardano News

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