What is Cardano (Ada) and how does it work?

This is not much different from other cryptocurrencies like Ethereum and bitcoin, but ADA has other uses as well. One of the core principles of cardano is its PoS blockchain protocol where ADA is staked to the blockchain to help stake pool operators successfully verify transactions on the blockchain. This is where cardano crypto comes in handy.

What is Cardano based on?

Based on peer-reviewed academic research, Cardano has an ethos of openness and transparency. All of the research and technical specifications that underpin Cardano are publicly published, and all Cardano development activity is made available to the public.

What is Ouroboros & Cardano?

Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol, and Cardano is the first blockchain to implement it. Ouroboros enables the Cardano network’s decentralization, and allows it to sustainably scale to global requirements without, crucially, compromising security.

What are Cardano native tokens?

On March 1, 2021, the Cardano blockchain introduced the ability to create native tokens. Like Ethereum tokens — which can include things like NFTs or stablecoins like USD Coin — Cardano native assets can be created and distributed on the blockchain and are able to interact with smart contracts.