Member-only story
Your very first article about Cardano
In this article, we would like to bring together all the interesting information about the Cardano project. It is not a complete fundamental analysis and you will not find technical details. The article is intended as a basic overview of the project for those who have not read anything about it and would like to learn more. We will simply try to explain what a distributed network, blockchain, and decentralization are and why we should try to create and use them. We will discuss who is behind the project and what its vision is.
Decentralization and blockchain
Today’s organization of the world is based on centralized management and centers of power. You can imagine the banks, governments, business management, or services you use on the Internet. In these centers, critical decisions are made and they can be to the detriment of users. At the same time, they are critical points of failure in the sense that they can be easily attacked. For example, Facebook is abusing your data, the government does what it wants with taxes, and so on. If we focus more on banks, the bank decides whether you can open an account with it and dictates requirements, including a claim to your identity. For example, a bank has the right to prevent a transaction from being sent or to refuse to open an account. Billions of people in the world today have no bank account. Surprisingly…
