Cardano founder Charles Hoskinson highlighted the best part of Cardano’s EUXTO model: stating that it is superior knowledge of functional programming.
Cardano Similar to Bitcoin, it is a blockchain that uses a different Unspent Transaction Output (UTXO) than Ethereum, and vice versa. Cardano uses an innovative Extended Unspent Transaction Output (EUTXO) model. This was introduced by Alonzo upgrade to support multiple assets and smart contracts.
Justin Bonus CyberCapital’s CIO cites limited interoperability between smart contracts as part of He said that although this may limit the types of contracts that can be generated on Cardano, “it does offer a scalability advantage” as EUTXO extends the UTXO model by allowing output addresses to include logic that Complex to determine which transactions can be unlocked.
EUTXO also appears to have more advantages, such as increased security and predictability in the cost of running smart contracts.
from the information of CoinMarketCap Cardano also overtook Terra (LUNA) to rank 8th in terms of market capitalization of $25.27 billion, putting Cardano above Terra, which has a current market cap of $21.85 billion.
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