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Daedalus ada coin original wallet icon

Daedalus ada coin original wallet

1.0 for Android

The description of Daedalus ada coin original wallet

As the name suggests, Cardano is a technology platform that runs a cryptocurrency named ADA.Cardano platform is developed by Input-Output Hong Kong (IOHK) blockchain development firm.Mr. Charles Hoskinson, former co-founder of Bitshares and Ethereum is the CEO of the firm.Can you guess the official cryptocurrency wallet for ADA? I hope quite a few will have the answer.Yes ! you are right it's Daedalus.

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A project started in 2015 named Cardano and the motive behind this project was to give a completely new makeover to the cryptocurrency world i,e to change the way cryptocurrency is designed and developed.The Cardano ADA coin was initially based the three principles.

Avenue for exploration.
Engineering best practices.
Design principles.
The above principles can be further sub-divided as follows.

Accounting and Computation separation into different layers.
For future use, developing a decentralized funding mechanism.
A practical learning scope from nearly 1000 altcoins.
Understanding the need for multiple assets in the same ledger.
A long-term strategic move to improve the design of cryptocurrency and make it more secured, user-friendly and mobile responsive.
To make the above discussion simpler we can say that Cardano ADA coin is to some extent similar to Ethereum and the focus is to achieve high-level security through a layered architecture.

Mr. Charles Hoskinson has asked his team to develop the ADA coin, keeping in mind the interest of end-users, stakeholders, and regulators.
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