#CardanoDebate ADA is used for financial transactions, participation in network governance, and staking operations.
🔹 What is the Cardano platform?
Cardano is an open-source blockchain platform based on proof of stake rather than proof of work like Bitcoin.
The goal of the platform is to provide a secure environment for the development of decentralized applications (dApps) and smart contracts with high levels of security and efficiency.
🔹 Stages of Cardano's development:
Cardano develops through five main stages:
Byron — foundation and launch.
Shelley — launch of proof of stake and staking.
Goguen — support for smart contracts.
Basho — performance and scalability improvements.
Voltaire — governance of decentralized management.
🔹 Advantages of ADA:
Staking — allows earning rewards for holding coins.
Scalability and speed — Cardano is designed for efficient scaling.
Eco-friendliness — due to the use of proof of stake, it consumes significantly less energy than Bitcoin.
Academic approach — based on scientific research and peer-reviewed expert reports.