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Cardano (ADA)

Cardano (ADA)

Cardano (ADA) is a decentralized blockchain platform that was founded by Charles Hoskinson, one of the co-founders of Ethereum. The project was launched in September 2017 and aims to provide a more secure and sustainable platform for decentralized applications and smart contracts.

Cardano uses a proof-of-stake consensus algorithm called Ouroboros, which is designed to be more energy-efficient than the proof-of-work algorithm used by Bitcoin and many other cryptocurrencies. The Cardano platform also uses a layered architecture that separates the ledger, computation, and communication layers to improve scalability and flexibility.

One of the unique features of Cardano is its approach to governance. The platform has a built-in treasury system that allows ADA holders to vote on proposals for the future development of the platform