Cardano
Cardano is a decentralized blockchain platform that aims to provide a more secure and scalable infrastructure for the development of decentralized applications (dApps) and smart contracts. Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano uses a unique proof-of-stake consensus mechanism called Ouroboros, which enhances energy efficiency and reduces the environmental impact compared to traditional proof-of-work systems. The platform is built in layers, separating the settlement layer (for transactions) from the computation layer (for smart contracts), allowing for greater flexibility and security. The native cryptocurrency of Cardano is ADA, which is used for transactions, staking, and governance within the network.
Fun Fact: Cardano is named after Ada Lovelace, a 19th-century mathematician often regarded as the first computer programmer, reflecting the platform's commitment to academic rigor and peer-reviewed research in its development.
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