#ADA What is ADA (Cardano)?

ADA is a “third-generation” blockchain. Designed to solve the scaling issues associated with both generation one (Bitcoin) and generation two (Ethereum), Cardano (ADA) is a constant source of innovation.

Where previous generation blockchains are prone to high transaction fees & low TPS (transactions per second) due to limitations in their design, Cardano is being built to provide a decentralized, low-fee, high-TPS Proof of Stake (PoS) network solution.

ADA aims to improve the speed & overall capability of its network in multiple ways.

Standing at the forefront is ADA’s own Proof of Stake (PoS) consensus protocol, dubbed Ouroboros. Ouroboros greatly reduces the energy cost of the network – especially when compared to a Proof of Work (PoW) mechanism – without sacrificing security.

ADA was founded by Charles Hoskinson – one of the co-founders of the Ethereum network.

Source: Internet