#ADA

Report on Cardano (ADA)

Cardano (ADA) is a third-generation blockchain platform that aims to provide a more scalable, sustainable, and secure infrastructure than its predecessors. Founded by Charles Hoskinson, co-founder of Ethereum, it is distinguished by its research-driven and peer-reviewed approach.

Its native cryptocurrency, ADA, powers the network, enabling transactions, staking (participation in network security for rewards), and governance, where ADA holders can vote on future updates. It uses the Proof-of-Stake (PoS) consensus protocol "Ouroboros," which is energy-efficient. Cardano facilitates the development of smart contracts and decentralized applications (dApps), with use cases in digital identity, finance, and supply chain management, aiming for real-world solutions.