Cardano is a blockchain network with a Proof of Stake consensus mechanism.
The project was created in 2015 by Charles Hoskinson, a co-founder of Ethereum. The Cardano team places a focus on peer-reviewed research and evidence-based methods. The development of Cardano is maintained by the Cardano Foundation based in Zug, Switzerland, with a team of academics and blockchain experts.
The network is a third-generation blockchain that has made technological developments in interoperability and scalability. Cardano allows for the creation of smart contracts and decentralized applications, with transaction fees payable in its native token ADA. ADA is also used as a payment method and investment.
Cardano’s Proof of Stake mechanism, known as Ouroboros, is an environmentally-friendly alternative to Proof of Work that drives the network’s security.
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