Cardano (ADA) is a blockchain platform designed to provide a secure and scalable environment for decentralized applications (dApps) and smart contracts. Founded by Charles Hoskinson, a co-founder of Ethereum, Cardano uses a proof-of-stake consensus mechanism called Ouroboros, which is more energy-efficient than traditional proof-of-work systems. It stands out for its scientific approach, incorporating peer-reviewed research and formal methods in its development. Cardano aims to solve key issues in blockchain such as scalability, interoperability, and sustainability. With its layered architecture and focus on academic rigor, Cardano is often viewed as a third-generation blockchain, striving to improve upon the limitations of earlier platforms.
