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Cardano (ADA) is an open-source Proof-of-Stake (PoS) blockchain network that integrates various design elements, including a decentralized application (dApp) development platform, a multi-asset ledger, and verifiable smart contracts. What sets Cardano apart from other blockchain protocols is its foundation in rigorous academic research, most notably the Ouroboros protocol—a provably secure Proof-of-Stake consensus mechanism. Its transaction ledger employs a modified version of the UTXO model to enable smart contract functionality, which is actively being developed.
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