About Cardano

Cardano is an innovative blockchain platform that emphasizes a research-based approach to the development of smart contracts and decentralized applications. Its design prioritizes energy efficiency, utilizing a proof-of-stake consensus mechanism that significantly reduces energy consumption compared to traditional proof-of-work systems like Bitcoin. This method allows users to stake their ADA tokens, thereby participating in transaction validation and earning rewards, while also contributing to the network's security. The platform's architecture features a two-layer system that separates transaction processing from smart contract execution, enhancing overall performance and scalability. Founded in 2017 by Charles Hoskinson, Cardano is supported by a collaborative ecosystem that includes Input Output Global (IOG), the Cardano Foundation, and Emurgo. IOG is responsible for the technical development of the platform, while the Cardano Foundation focuses on promoting its adoption and standardization. Emurgo plays a crucial role in assisting businesses with blockchain integration. This structured approach ensures that each feature of the platform undergoes rigorous peer review, fostering a secure and stable environment for users and developers alike.