Cardano is a blockchain platform that stands out for its focus on sustainability, scalability, and academic rigor in development. Launched in 2017 by Charles Hoskinson, co-founder of Ethereum, Cardano is built on a layered architecture that separates the settlement and computation layers, allowing for greater flexibility and scalability. The platform is underpinned by peer-reviewed research and is developed using evidence-based methods, making it one of the most scientifically-grounded blockchains in the industry.
The native cryptocurrency of Cardano is ADA, which is used for transaction fees, staking, and participating in the network's governance. Cardano employs a proof-of-stake consensus mechanism called Ouroboros, which is designed to be energy-efficient and secure while supporting the network’s decentralization. This approach enables ADA holders to stake their tokens and help validate transactions, earning rewards in return. Cardano's emphasis on a research-driven and methodical development approach has made it a popular choice for developers and organizations looking for a robust and scalable blockchain solution. With its roadmap focused on improving interoperability, governance, and smart contract capabilities, Cardano aims to create a decentralized ecosystem that can support a wide range of applications across various industries.