Cardano

Cardano is a decentralized public blockchain and cryptocurrency project that is focused on providing a more secure and scalable platform for the development and deployment of decentralized applications (dApps). It was founded in 2017 by Charles Hoskinson, co-founder of Ethereum, and is developed and maintained by the non-profit organization IOHK.

Cardano is built on a proof-of-stake (PoS) consensus algorithm, which is different from the proof-of-work (PoW) algorithm used by many other blockchain networks, including Bitcoin and Ethereum. PoS is a more energy-efficient and scalable approach to reaching consensus on the blockchain, which makes it well-suited for supporting large-scale dApp development and deployment.

The Cardano blockchain also includes a smart contract platform, similar to Ethereum, which allows developers to build and deploy dApps on the network. In addition, Cardano has a unique multi-layer architecture that separates the network’s settlement and computation layers, which allows for greater scalability and flexibility.