Cardano is a third-generation blockchain that aims to improve upon the technology behind Bitcoin and Ethereum by addressing scalability, security, and sustainability. It was founded in 2015 by Ethereum co-founder Charles Hoskinson and developed in collaboration with Input Output Global, the Cardano Foundation, and Emurgo. The Cardano blockchain has a two-layer architecture and uses a proof-of-stake consensus algorithm called Ouroboros. The native cryptocurrency of Cardano is ADA, which has a fixed supply and supports real-world use cases such as decentralized finance. Cardano is moving towards complete decentralization and introducing on-chain governance and a treasury system. The project is focused on providing a sustainable and interoperable blockchain ecosystem for enterprises, governments, and financial institutions.



Other News from Today