You have purchased #ADA , and you would like to know more about this currency. Here is relevant information about this project:
What is Cardano?
A third-generation blockchain founded by Charles Hoskinson, co-founder of Ethereum. Its native cryptocurrency is ADA.
š Launch:
ā¢ Started in 2017.
ā¢ Phased advancements: Byron, Shelley, Goguen, Basho, Voltaire.
āļø Key Features:
ā¢ Proof of Stake (PoS): Uses the Ouroboros protocol, more energy-efficient than Proof of Work.
ā¢ Smart Contracts: Compatible with smart contracts since the Alonzo update.
ā¢ Layered Development: Separates value accounting (layer 1) from smart contracts (layer 2).
š§ Scientific Philosophy:
ā¢ Developed with peer review and academic foundations.
ā¢ Strong focus on security, scalability, and sustainability.
š Use Cases:
ā¢ Digital identity (Atala Prism project).
ā¢ Education and health in Africa.
ā¢ Supply chain management.
š ADA: The Cryptocurrency
ā¢ Used to pay fees, delegate in stake pools, and vote on proposals.
ā¢ Capped at 45 billion ADA (maximum supply).
š Organizations behind:
ā¢ IOHK (Input Output Hong Kong): technological development.
ā¢ Cardano Foundation: adoption and community.
ā¢ Emurgo: business solutions.
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