Cardano (ADA)

Cardano is a third-generation, Layer 1 blockchain platform that enhances scalability, security, and efficiency, building on the strengths of Bitcoin and Ethereum while addressing their limitations.

Key Features:

• Proof-of-Stake Consensus (Ouroboros): Cardano employs a proof-of-stake consensus mechanism, using its native cryptocurrency, ADA, for governance and network security.
• Extended UTXO Model: Cardano's extended UTXO model supports secure, deterministic smart contracts, making it ideal for enterprise-grade applications.
• Layered Architecture: Cardano's design includes a settlement layer for ADA transactions and a computation layer for smart contracts, enhancing flexibility and security.
• Academic Research and Peer Review: Cardano's development is grounded in rigorous, peer-reviewed research, ensuring a robust and scientifically sound foundation.