Coin burning is the process of permanently removing a certain amount of cryptocurrency from circulation. This is usually done to reduce the total supply, increase scarcity, and potentially raise the value of the remaining coins.
The Cardano Improvement Proposal (CIP) process is a community-driven mechanism for proposing, discussing, and implementing improvements, upgrades, and changes to the Cardano protocol and ecosystem.
Cardano's role in climate action encompasses its commitment to reducing carbon emissions, promoting renewable energy, and driving sustainable.
Cardano ensures compatibility with legacy systems and protocols through interoperability standards, protocol adapters, and middleware layers that facilitate communication and data exchange between blockchain networks and traditional IT infrastructure, enabling seamless integration and coexistence of blockchain solutions with existing systems and technologies.
Cardano enables fast, secure, cost-effective cross-border payments by leveraging blockchain, bypassing traditional banks, and reducing fees.
Cardano employs a proof-of-stake (PoS) consensus mechanism called Ouroboros, which ensures network security and achieves consensus through a process where participants, known as stakeholders, are chosen to validate transactions and produce new blocks based on the amount of ADA they hold and are willing to "stake" as collateral.
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