October 20, 2017 • Lars Brünjes, PhD

How Cardano's transaction fees work

Why do we need transaction fees?

There are two main reasons why transaction fees are needed for a cryptocurrency like Cardano:

People who run full Cardano nodes spend time, money and effort to run the protocol, for which they should be compensated and rewarded. In contrast to Bitcoin, where new currency is created with each mined block, in Cardano, transaction fees are the only source of income for participants in the protocol...

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October 12, 2017 • Jane Wild

Cardano marks its launch with Tokyo event

The technology was conceived in an Osaka restaurant more than two years ago and from that small beginning Cardano has been built into a leading cryptocurrency. The project has amassed a team of experts in countries around the world, has generated more than 67,000 lines of code, and has a strong and growing community in countries across Asia and beyond...

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October 12, 2017 • Jeremy Wood

Cardano help desk tour arrives in Tokyo

The launch of Cardano brings to an end an exciting first phase of development for us at IOHK, after more than a year spent planning and developing the technology. Now we’ve handed the product over to users and they are getting to know how it works. Using new software can be tricky - some people won’t need any help, but there will be those who need a little assistance...

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April 19, 2017 • Michael Parsons

Passing the baton: Why it’s time for a new blockchain

In my previous post Cardano: A Blockchain with Privacy and Regulation, I laid out in broad strokes how we at Cardano are building a new kind of blockchain, which we believe will be a significant upgrade on the version of the technology we have now.

But why do we think we need to update blockchain, and what, in our opinion, does such an upgrade entail?

These are important questions because they lie at the heart of how we are approaching our work...

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April 18, 2017 • Michael Parsons

Cardano: A Blockchain with Privacy and Regulation

Blockchain is a potentially transformative technology. However current solutions are hampered by issues such as lack of regulatory oversight, experimental software with unproven security, poor governance that stifles scalability, and a lack of long-term planning for protocols. With the imminent launch of the Cardano protocol and the completion of the first ever crowdsale to perform detailed compliance checks on its 10,000 individuals, Cardano aims to change this.

The Cardano project is a next generation blockchain, creating a new decentralised economy, and democratising finance in emerging markets. It addresses the need for regulatory oversight whilst maintaining consumer privacy and protections through an innovative layered architecture...

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