Cardano (ADA) is a third-generation blockchain platform known for its scientific approach, energy efficiency, and strong academic foundation. It was created by Charles Hoskinson, one of the co-founders of Ethereum.
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🔹 Key Features of Cardano:
1. Proof-of-Stake (PoS) Consensus
Cardano uses Ouroboros, a secure PoS protocol, which is more energy-efficient than Bitcoin's Proof-of-Work.
2. Two-Layer Architecture
Settlement Layer (CSL): Handles ADA transactions.
Computation Layer (CCL): Runs smart contracts and DApps.
3. Peer-Reviewed Development
Built using formal methods and peer-reviewed academic research, making it highly secure and stable.
4. Smart Contracts (Alonzo Upgrade)
Introduced in 2021, enabling DApps and DeFi projects on Cardano.
5. Governance & Treasury
ADA holders can vote on protocol changes; a treasury system funds ecosystem development.
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🔹 Cardano Use Cases:
Decentralized Finance (DeFi)
Identity Solutions (Atala PRISM)
Supply Chain Tracking
Voting Systems
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🔹 ADA – The Native Token:
Used for staking, transactions, governance, and smart contract execution.
Ranked among the top cryptocurrencies by market cap.
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🔹 Current Status (as of June 2025):
Continues developing smart contract scalability (Hydra layer-2 solution).
Focus on real-world adoption, especially in Africa (education, digital identity).
