Cardano and everything you need to know about it. In this article on the shetcoiner site, we want to take a look at Cardano; so stay with us until the end of this article.
Cardano
In August 2021, the ADA or Cardano currency entered to the market as the third largest virtual currency in the world in terms of value, after Bitcoin and Ethereum. It grew by more than 1,300 percent in 2021 and has grown by 130 percent in just one month. It crossed the $3 mark for the first time in early September because it raised the issue of Smart Contract. Although ADA has fallen below $3 since then, it is ready to continue raising the price with the introduction of smart contract performance. Here, we look at what ADA smart contracts are and why they can be an influential factor in crypto currencies.
What is Cardano Smart Contract?
One of the most important reasons for the emergence of crypto currencies is the restructuring of exchanges in the world. Smart contracts are small pieces of code stored in a Blockchain that are executed automatically if certain conditions are met. The important thing about them is that they are embedded in Blockchain planning and give developers the ability to create decentralized applications in Cardano. In the next part, I will explain the different parts that can be created through this smart contract:
Decentralized financial plans or (DeFi); these are financial programs that operate without intermediaries, such as banks or brokerages and allow peer-to-peer transactions between sellers, buyers, and lenders.
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Non-fungible tokens or (NFT); these tokens can generate non-fungible tokens with the updates they make. These unique digital assets can display anything from artwork to sports cards with digital signatures to certify ownership.
Games: This feature allows gamers to buy, own and sell in-game assets using NFT. Plutus is the programming language used to develop the Cardano smart contract. The app was already deployed on the Cardano Experimental Network, allowing developers to build and test applications before they go public.
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In this article, we have fully examined Cardano and its history on shetcoiner site; we also introduced types of methods that can be used for smart contracts and evaluated how they work.
If you want to know more about crypto currencies read the following articles on shetcoiner site:
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