Our Choice — Cardano Ecosystem
“Kill the middleman of necessity, push power to the edges and build systems that are equally fair for the least amongst us” Charles Hoskinson, Cardano’s founder
Cardano Blockchain
Cardano is the first blockchain platform to be built through peer-reviewed research, to be secure enough to protect the data of billions, scalable enough to accommodate global systems, and robust enough to support foundational change.
Cardano is a step up from other blockchains as its robust architecture makes it well suited to provide the solution to existing issues surrounding DeFi and decentralized gaming. We are looking for ways to resolve the design flaws of the Ethereum mainnet proof-of-work consensus Everyone knows it is slow, hard to scale, and has high transaction fees.
A scalable and sustainable protocol to support this ambition
The Ouroboros protocol used by Cardano tackles this energy waste issue since it does not use an intensive computing puzzle to produce new blocks. A Bitcoin transaction consumes an estimated 707 kWh while Cardano consumes around 0.54 kWh…, making it 1,300 times less energy-consuming.
For comparison, a single bitcoin transaction consumes as much as 2 refrigerators plugged in constantly for a whole year. It also amounts to 7,070 hours of charging an average laptop, i.e. 4 years of use if you charge your laptop for 5 hours a day.
Why Cardano?
We chose Cardano as the underlying blockchain for Apexaverse because it is the fastest-growing ecosystem in the crypto world in 2021. The Ouroboros protocol is a pure proof-of-stake consensus protocol that privately and randomly selects stake pool leaders proportionally to their stakes (amounts of ADA currency) to generate new blocks. This very innovative system offers the same level of security as the Bitcoin proof-of-work protocol while being more scalable & energy efficient.
Cardano offers more safety than Ethereum thanks to its deterministic nature.
The purpose is the following:
when you launch a transaction, you know in advance what will happen, notably the fees amount or the transaction process. That mechanism is extremely valuable when it comes to large amounts of money. Based on a proof-of-history consensus, this permissionless, high-performance blockchain enables low-cost and high-speed transactions.
Cardano provides us with complete feedback and options on our requirements to develop a GameHub, allowing our users to enjoy being part of a limitless universe, the excitement of strategic gameplay, and crypto earning possibilities.
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