Cardano (ADA) connectivity enables dApps to take advantage of Plutus smart contracts (written in Haskell) and Marlowe’s codeless environment for DeFis.
Since Cardano enabled smart contracts in September 2021 following the implementation of the Alonzo hard fork, its nodes have powered many DEXs, NFT marketplaces, and other dApps.
The ADA API allows on-chain applications to experiment with untapped smart contract ecosystems.
Cardano uses a proof-of-stake protocol called Ouroboros to improve decentralization. The provider of the blockchain nodes that will form the signature of the next block will not be chosen only from the providers of the node with the largest deposit, as in the classical implementation of the proof-of-stake algorithm. Even the richest node providers cannot lead to a centralization of the network, as the award can be awarded to large Cardano nodes as well as a large number of small Cardano nodes. Therefore, the algorithm is not conducive to the emergence of particularly large cryptocurrency nodes and prevents the emergence of “trusts” or “cartels” that concentrate multiple rich ADA nodes. After updating the Ouroboros protocol, the Cardano cryptocurrency architecture became modular for easy integration with cryptocurrency exchanges.
Building on Cardano (ADA) made easy
GetBlock’s suite of shared nodes allows ADA enthusiasts to move from heavy lifting to business development and technological advancement. Its tools can be easily used by any blockchain-based project. Developers can use different Cardano (ADA) mainnet and testnet nodes. Shared and dedicated nodes can be reached through Rosetta API.