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Cardano uses an Extended Unspent Transaction Output mechanism, introduced with the Alonzo upgrade, to handle multi-assets and smart contracts. Ouroboros is the consensus protocol for Cardano, a proof-of-stake protocol and the first blockchain protocol based on peer-reviewed research. Ouroboros selects participants - stake pools, in this case - to create new blocks based on the stake they control on the network.Cardano's 10-million-blocks milestone comes amid bullish sentiment on the crypto market, as Bitcoin and other major cryptocurrencies have reached new highs.
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