Cardano

Cardano is a blockchain platform designed to enable the development and execution of decentralized applications (dApps) and smart contracts. It is distinguished by its research-driven approach and aims to provide a more secure and scalable infrastructure compared to existing blockchain systems. The platform utilizes a proof-of-stake consensus mechanism known as Ouroboros, which allows for energy-efficient transaction validation and scalability. Cardano's native cryptocurrency, ADA, is used for transactions, staking, and governance within the ecosystem. The platform emphasizes a layered architecture separating the settlement layer from the computation layer, allowing for enhanced flexibility and functionality. Cardano is also notable for its commitment to peer-reviewed academic research and formal verification processes, striving for robust security and reliability in its protocols.