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Cardano is a distributed open-source computing platform that runs the blockchain used by ADA cryptocurrency. Cardano is a smart contract based blockchain platform similar to Ethereum and can be used to run smart contracts, decentralized applications (dApps), side chains, multi-party computations, and metadata.
Cardano’s development started in 2015 with the philosophy to change the way cryptocurrencies are designed and developed.
Cardano supply is limited to 45 Billion coins. ADA cryptocurrency is mineable and block allocation employs a proof-of-stake algorithm called Ouroboros, instead of the proof-of-work system used by Bitcoin. Therefore, it is much more efficient and less power hungry. Ouroboros is the first proof of stake protocol that has mathematically been shown to be provably secure.
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7 Interesting Facts About Cardano (ADA) Before Investing
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