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 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.

What is Cardano (Ada)?

Cardano ( ADA) is a decentralized proof of stake (PoS) blockchain designed to be a more efficient alternative to proof of work (PoW) networks. Cardano’s cryptocurrency is named Ada after Augusta Ada King, Countess of Lovelace (1815–1852), who is commonly regarded as the first computer programmer.

What is a smart contract on Cardano?

Smart contract on Cardano are contracts that execute themselves when the appropriate conditions are fulfilled. The Cardano decentralize system and Cardano finance aid its users to skip intermediaries or financial institutions and transact with other individuals on the basis that does not warrant permission.