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Cardano was designed to use proof of stake from the outset. It's an eco-friendly crypto that uses a fraction of the energy of Ethereum and Bitcoin and will be able to process about 1 million transactions per second. Cardano is now gearing up to complete its next update phase, called “Alonzo,” which will officially introduce smart contacts. Alonzo is expected to launch in a hard fork as early as this month.
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