<div id="readability-page-1" class="page"><div><figure></figure>Cardano has released Reeve 1.3. The update enables financial data to carry verified organizational identity (vLEI) and supports customizable reporting templates. The solution is designed to help teams produce financial records that can be independently verified by third parties without modifying existing internal systems.ADA InfoCardano is a public blockchain platform for smart contracts, similar to Ethereum. Launched in 2017, it was developed by Ethereum co-founder Charles Hoskinson. The Cardano project is known for its emphasis on a research-driven approach, and it was the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.The Cardano blockchain operates in a unique way. It uses a new proof of stake algorithm known as Ouroboros. Unlike proof-of-work blockchains, which rely on miners to verify transactions and create new blocks, the Ouroboros algorithm chooses a node (stakeholder) to generate a new block based on the proportion of cryptocurrency that stakeholder holds. This makes the Cardano network highly scalable.Cardano’s ADA token is used for transactions within the network as well as a way for network participants to vote on changes to the platform. It is designed to ensure that owners can participate in the operation of the network. Because of this, those who hold the cryptocurrency have the right to vote on any proposed changes to the software.One of the most distinguishing features of Cardano is its layered architecture including the Cardano Settlement Layer (CSL) and the Cardano Computation Layer (CCL). The CSL manages the cryptocurrency ADA, and handles transactions, while the CCL is responsible for the smart contracts and computation. This separation allows for better network security, flexibility, and simplicity in the design of smart contracts.In conclusion, Cardano is an innovative blockchain platform that“s designed to be secure, scalable, and sustainable. It” s unique in the cryptocurrency world due to its science-based approach, its layered architecture, and its focus on stakeholder voting.</div></div>

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Cardano has released Reeve 1.3, enabling financial data to carry verified organizational identity (vLEI) and customizable reporting templates. This update allows teams to produce independently verifiable financial records without altering existing systems. Cardano, a public blockchain platform for smart contracts, emphasizes a research-driven approach and operates on a proof of stake algorithm called Ouroboros, enhancing scalability. Its ADA token facilitates transactions and stakeholder voting on platform changes, while its layered architecture improves security and flexibility in smart contract design.

- Cardano has released Reeve 1.3, enabling financial data to carry verified organizational identity (vLEI) and supporting customizable reporting templates.  
- The update allows teams to produce independently verifiable financial records without modifying existing internal systems.  
- Cardano, a public blockchain platform launched in 2017, is notable for its research-driven approach, unique proof-of-stake algorithm Ouroboros, and layered architecture, promoting security and stakeholder participation.

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Cardano to Release Reeve 1.3