Cardano is a blockchain platform and cryptocurrency that aims to provide a secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts. Launched in 2017 by Input Output Hong Kong (IOHK), Cardano differentiates itself by emphasizing scientific research, peer-reviewed protocols, and a layered architecture to ensure reliability and sustainability.
Cardano utilizes a proof-of-stake (PoS) consensus algorithm called Ouroboros, which aims to be energy-efficient and secure. This approach allows participants who hold ADA, the native cryptocurrency of Cardano, to participate in the network's governance and earn rewards by staking their tokens.
The platform is designed to support the integration of third-party applications and systems through its layered architecture. Its development is driven by a rigorous peer-reviewed process, focusing on academic research and formal verification. This approach aims to enhance security, reliability, and interoperability while promoting transparent and auditable smart contracts.
Cardano has gained attention for its commitment to scientific rigor, sustainability, and long-term scalability. It aims to address key issues in the blockchain industry, such as scalability, interoperability, and governance. With ongoing development and improvement, Cardano aims to provide a robust and inclusive platform for the development of decentralized applications and the integration of real-world use cases.