Through this entire process, Cardano intends to distinguish itself from proof-of-stake competitors and other major cryptocurrencies. Despite this, Cardano is a very young cryptocurrency. Decentralized financial applications are still a long way off, despite exceeding Ethereum's proof-of-stake consensus procedure. After becoming disillusioned with Ethereum's future, the creator quit the network and later assisted in the development of Cardano. Cardano's blockchain technology was developed through several years of testing and peer-reviewed research. Academics who support the effort have published over 90 studies on various aspects of blockchain technology. This study lays the groundwork for Cardano.

Website https://cardano.org

Cardano is a blockchain platform designed for building and deploying decentralized applications (dApps) and smart contracts. Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano distinguishes itself through a research-driven approach, focusing on scalability, security, and sustainability. It employs a proof-of-stake (PoS) consensus mechanism called Ouroboros, which enhances efficiency and energy consumption compared to proof-of-work (PoW) systems like Bitcoin. Cardano aims to provide a scalable and interoperable infrastructure for financial services, governance systems, and identity solutions, with a particular emphasis on developing countries where reliable and accessible financial services are lacking.