Cryptocurrency Q&A
Is Cardano fixed?
Is Cardano fixed?
WhisperInfinity
Fri Jun 14 2024
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7 answers
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Could you please elaborate on the statement "Is Cardano fixed?"? I'm curious to understand what you mean by "fixed" in this context. Are you referring to a technical issue that has been resolved? Or perhaps, you're inquiring about the stability of the Cardano blockchain? Additionally, could you provide more background information or specify the aspect of Cardano you're particularly interested in discussing? It would help me to provide a more accurate and informative response. Thank you for clarifying your question.
7 answers
Riccardo
Sun Jun 16 2024
Cryptocurrencies operate differently, each with its unique characteristics. Bitcoin, for instance, utilizes a halving mechanism, a strategy designed to counterbalance the growing compute capacity by reducing the rate of new coin issuance every four years.
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KDramaLegendaryStar
Sun Jun 16 2024
In contrast, Cardano takes a different approach to managing its supply. Its fixed supply was established from the outset of the blockchain's genesis, providing stability and predictability.
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Michele
Sun Jun 16 2024
Cardano's supply management mechanism ensures that the increase in circulating supply follows a predefined schedule. This schedule involves a fixed reduction in new supply at regular intervals.
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Riccardo
Sun Jun 16 2024
Specifically, the reduction in new supply occurs at each EPOCH, a term unique to Cardano's protocol. An EPOCH represents a specific period of time on the blockchain, and it serves as a checkpoint for various processes.
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KimchiQueenCharmingKiss
Sat Jun 15 2024
Every five EPOCHS, Cardano adjusts its new supply reduction according to the preset schedule. This adjustment ensures that the overall supply growth remains controlled and gradual, maintaining the integrity of the cryptocurrency's economics.
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