Wednesday, June 2, 2021

ADAX, State-of-the-Art Crypto Exchange Built on the Cardano Blockchain

Decentralized Exchange Protocol on the Cardano Network

 Cardano’s scientific-research first approach to smart contracts is redefining the future of DeFi, ushering in a totally new approach to business.

The current proof-of-work consensus design of the Ethereum mainnet has been a drag on DeFi expansion, 15 transactions per second is too slow and fees of hundreds of dollars per transaction are simply too high. Founded by Charles Hoskinson, a co-founder of Ethereum, Cardano will soon launch smart contracts - this technological, often referred too as blockchain 3.0, is a significant milestone for the industry.

ADAX will provide a suite of Cardano-tailored DeFi solutions and will become a powerful trading venue within the Cardano ecosystem, introducing a trustless protocol that facilitates token swaps, non-fungible token (NFT) trading, and broader reorientation of the crypto world towards Cardano.

Other Cardano/ADA Related News

5 Stars - Charles Hoskinson: Thoughts on the Market and the Ecosystem


- Cardano: What is This Green Crypto & How Does it Work

Earn Passive Income Stake ADA with Cardano Clean Water Stake Pool

 The Cardano Team
3 Entities supporting the Cardano Blockchain/ADA cryptocurrency are Input Output, Emurgo and the Cardano Foundation.
 Cardano Blockchain 3.0 | ADA Cryptocurrency

The Cardano Foundation, an independent-entity based in Switzerland, supervises the development of Cardano and its ecosystem; they are committed to protecting and promoting Cardano, and to advocating on behalf of the users and community of the protocol.
Input|Output is the engineering firm developing the Cardano platform, which has more advanced features of any protocol to date, and is the first to evolve out of a scientific philosophy. The large team of expert engineers and researchers, drawn from around the globe, began by deconstructing the concept of a cryptocurrency and incorporating a ground-breaking Proof of Stake Algorithm, Ouroboros. The IOHK team employed a first principles approach driven by peer-reviewed, academic research to build Cardano from the ground up.
Emurgo is a global blockchain technology company providing solutions for developers, startups, enterprises and governments integrating onto the Cardano blockchain. EMURGO develops enterprise-grade applications, builds developer tools, invests in startups, and provides blockchain education; the company has offices and manages projects in Singapore, Japan, the USA, India, and Indonesia.