A brief guide to Cardano Smart Contracts

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Cardano is a decentralized, public, open-source blockchain network utilizing a Proof-of-Stake consensus mechanism known as Ouroboros. It was launched in 2015 by a computer scientist and blockchain enthusiast, Charles Hoskinson, one of the co-founders of Ethereum.




The native cryptocurrency of Cardano, ADA, is used for all transactions within the network. Although it did not have smart contract functionality when it was launched, Cardano's Alonzo hard fork update implemented on the mainnet on 13th September 2021 introduced smart contracts to the network. With this update, smart contracts could be developed and deployed on the mainnet by developers.

What does Cardano Smart contracts:

Cardano smart contracts offer a very effective virtual platform for modeling and implementing real-world contracts. When built on the Cardano blockchain, these smart contracts enable complete visibility to each contracting party while offering the safety and security needed. Cardano smart contracts are, thus, finding several use cases across various industries like gaming, real estate, finance and more.


As such, the demand for experienced Cardano smart contract development companies is also on the rise, which enables businesses and entrepreneurs to build their services and solutions using Cardano smart contracts.

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