What is Cardano (ADA)?

Cardano is a blockchain platform designed around research-driven development and peer-reviewed protocols.

It uses a proof-of-stake consensus algorithm called Ouroboros, which offers high energy efficiency and network security. Cardano’s multi-layer architecture separates the settlement layer for transactions from the computation layer for smart contracts, enabling faster upgrades and flexibility. Developers can build decentralized applications with Plutus, a Haskell-based smart contract language that emphasizes reliability.

With a strong focus on interoperability, sustainability, and community governance, Cardano aims to deliver scalable solutions for finance, identity, and supply chain management. Its native token $ADA powers transactions, staking, and participation in key protocol decisions.