<a href="/prices/cardano">Cardano</a> is a decentralized, open-source blockchain platform that is designed to support the development and execution of smart contracts and decentralized applications (dApps). It was created in 2015 by blockchain development firm Input Output Hong Kong (IOHK) and is led by Charles Hoskinson, co-founder of Ethereum.
Cardano uses a proof-of-stake consensus algorithm called Ouroboros, which allows users to validate transactions and earn rewards based on the amount of Cardano they hold. This is in contrast to proof-of-work consensus algorithms, which require users to perform complex computations in order to validate transactions and earn rewards.
The native cryptocurrency of the Cardano platform is called ADA, which can be used to send and receive value on the Cardano network. ADA can also be bought and sold on cryptocurrency exchanges as a tradable asset.
Cardano is notable for its focus on research and development, with a strong emphasis on peer-reviewed academic research. The Cardano team has published numerous white papers and research papers outlining the technical details of the platform and its underlying protocols. Cardano is also designed to be more scalable and energy-efficient than other blockchain platforms, which could make it a more practical solution for large-scale applications.

What is Cardano (ADA)?

12/26/2022