$ADA Shaped by a decentralized system and built on blockchain technology, the cryptocurrency market is evolving rapidly. As blockchain is most noteworthy in its use with digital assets, an advanced blockchain platform plays a crucial role for the consistent growth of the industry.

Being an immutable ledger, blockchain facilitates the process of recording transactions and tracking assets. Ethereum is one of the biggest blockchain platforms, but with growing popularity of crypto projects, it started facing massive congestion, which resulted in high gas fees. This delay in transaction processing and the high fees have impacted the user experience. To solve these issues, Charles Hoskinson (among Ethereum co-founders) launched the Cardano blockchain in 2017. Dubbed the “Ethereum Killer,” Cardano was developed to provide services for smart contracts, decentralized applications (dApps), and many more while overcoming challenges faced by Ethereum. In this article, we will cover the basics of Cardano blockchain, its origin, and working, along with technological edge. Also, we will learn about how to buy Cardano tokens and its futuristic aspects.

What is Cardano?

Cardano is a platform launched to support the growing demand for blockchain technology as Ethereum faced congestion issues. It’s a third-generation blockchain platform designed to increase the scalability and sustainability in the blockchain space.

It is an energy-efficient blockchain as it uses a proof-of-stake (POS) mechanism as compared to Bitcoin’s proof-of-work (POW) tool. Moreover, ADA, the native currency for Cardano, performs various functions on the network effectively.#writetoearn

How Does Cardano Work?

Cardano, a decentralized platform, works on a two-layer system to boost the security and scalability of the blockchain. The first layer of Cardano is known as Cardano Settlement Layer (CSL) which manages ADA token transactions and also ensures efficient value transfers between users.