Cardano (ADA) is a third-generation blockchain created by Charles Hoskinson, co-founder of Ethereum. Its focus is to provide a scalable, secure, and sustainable platform for smart contracts and decentralized applications (dApps). It uses the Proof-of-Stake consensus protocol (Ouroboros), which consumes less energy compared to Proof-of-Work. Cardano stands out for its academic rigor, being based on peer-reviewed research. Its development follows phases: Byron, Shelley, Goguen, Basho, and Voltaire, each bringing technical and governance advancements. ADA, the native cryptocurrency, is used for transactions, staking, and governance. Cardano seeks global financial inclusion and solutions to real-world problems.
