Cardano - The Third Generation of Blockchain | Blockchain Central

The video explores Cardinham, a third-generation blockchain designed to overcome limitations of earlier blockchains like Bitcoin and Ethereum. It features a two-layer architecture for transactions and smart contracts, a proof of stake protocol called Ouroboros, and a governance system that allows token holders to vote on updates. The project is still under development but has attracted significant investor interest.

What is the primary goal of the Cardano blockchain?

• To replicate Bitcoin's functionality

• To overcome the limitations of current blockchain technologies

• To operate as a centralized system

• To focus solely on financial transactions

Which blockchain is considered the first generation?

• Ethereum

• Cardano

• Ripple

• Bitcoin

What is the function of Cardano's CSL layer?

• To manage smart contracts

• To handle the transfer of value and bookkeeping

• To provide a user interface

• To store transaction history

How does Cardano's proof of stake protocol, Ouroboros, select slot leaders?

• By user voting

• Through a bidding process

• Randomly, with higher probability for those with more ADA

• Based on computing power

What is a unique feature of Cardano's governance system?

• It is entirely off-chain

• It allows token holders to vote on modifications

• It requires government approval for changes

• It is controlled by a central authority

What percentage of block rewards is allocated to Cardano's Treasury system?

• 75%

• 25%

• 50%

• 10%

What is the current status of Cardano's development?

• Fully developed and operational

• Still under development with only a few functionalities launched

• Abandoned project

• Only available for private use