Cardano is a blockchain platform and cryptocurrency that aims to provide a more secure, scalable, and sustainable infrastructure for the development of decentralized applications and smart contracts. It was founded by Ethereum co-founder Charles Hoskinson and his team, with a strong emphasis on research-driven development and academic rigor. Cardano is a prominent cryptocurrency that has garnered attention for its emphasis on rigorous scientific research, innovative technology, and a sustainable approach to blockchain development. Cardano strives to overcome the limitations of previous blockchain platforms by implementing a layered architecture, which separates transaction processing from smart contract execution. The platform employs a proof-of-stake consensus mechanism called Ouroboros, enabling participants to secure the network and validate transactions based on the amount of cryptocurrency they hold. ADA, the native cryptocurrency of Cardano, serves as both a medium of exchange within the ecosystem and a means to incentivize network participation. With its commitment to research-driven progress, scalability, interoperability, and decentralized governance, Cardano aims to offer a reliable foundation for the development of decentralized applications and the evolution of the broader blockchain ecosystem. |