$ADA

# Cardano (ADA)

Cardano represents a third-generation blockchain platform emphasizing academic research, peer-reviewed development, and sustainable consensus mechanisms. Founded by Ethereum co-founder Charles Hoskinson, Cardano employs a unique layered architecture separating the settlement layer (ADA transactions) from the computation layer (smart contracts). The platform utilizes Ouroboros, a provably secure proof-of-stake protocol designed through formal verification methods. Cardano's development follows rigorous academic standards, with each upgrade undergoing extensive peer review before implementation. The network's treasury system funds ongoing development through community governance, while its delegation model allows ADA holders to stake tokens without lockup periods. Smart contract functionality launched through the Alonzo upgrade, enabling DeFi applications and NFT platforms. Critics note slower development compared to competitors, while supporters emphasize long-term sustainability and security. Cardano targets financial inclusion in developing nations through partnerships and identity solutions.