Cardano (ADA)

About

Cardano (ADA) is a decentralized Proof-of-Stake (PoS) blockchain platform that emphasizes sustainability, efficiency, and scalability. Founded by Charles Hoskinson in 2015, it was launched in 2017. Cardano aims to provide a secure infrastructure for smart contracts and decentralized applications (dApps), positioning itself as a third-generation blockchain. Its native token, ADA, is used for transaction fees and staking, allowing users to participate in network governance. Cardano's innovative two-layer architecture includes the Cardano Settlement Layer (CSL) for transactions and the Cardano Computation Layer (CCL) for smart contracts. The Ouroboros consensus mechanism ensures energy efficiency compared to Proof-of-Work systems. Cardano supports various use cases, including DeFi, NFTs, and identity verification. Its focus on peer-reviewed research enhances its technological development, aiming to address scalability and interoperability issues in the blockchain ecosystem.