Journal Entry: Stamatina Bourret-03/14/2024-Digital Economy Course- Lesson 13

Journal Entry

Digital Learning- Lesson 13

1. Cardanos research first approach influences its development and potential impact on the block chain industry by using two layers. The CLS works with how the smart contracts are possible, making it more accessible to consumers. Then the CCL is working with those financing to show why it is a good investment.

2. The implications of Ouroboros proof of state mechanism on energy consumption and blockchain sustainability make the cardanos more accessible tools for consumers.

3. The benefits the proof of state mechanism bring to the Cardano ecosystem and the broader digital environment is they are able to support smart contracts with efficiency and a reduced carbon footprint.

4. The ways Cardanos focus on creative and a more equitable global finance system can transform traditional banking and finance sectors by giving them competition and thus forcing how transitional bank finance others to change.