Cardano's New Fee Mechanism Could Be Revolutionary For Blockchains

Blockchain platform that's erected on top of the Ethereum protocol. It was created by Charles Hoskinson, who's also theco-founder of IOHK, a blockchain exploration and development company. Cardano is one of the most promising cryptocurrencies available moment, but it has still had a many issues to overcome before it can be considered mainstream. One of these issues is its lack of a figure medium until now.

The Cardano Foundation has blazoned that its L1 blockchain will have a native figure system that allows druggies to pay freights in any currency they choose. This point is designed to make deals more effective and reduce costs for druggies while still maintaining decentralization. The new system will also allow druggies to lock their finances by setting a minimal quantum before they can spend them, which will help help attacks against the network's security protocols.
The new technology was developed by Project Cardono, which is an open source design led by IOHK and Emurgo, an association established by Cardano Foundation that aims to promote relinquishment of cryptocurrency results across diligence like healthcare, finance and government services.