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What is Cardano & how does it work?

Cardano's development began in 2015, led by Ethereum co-founder Charles Hoskinson. The project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. When launched in 2017, it was the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols.

What did Cardano do in 2023?

In 2023, Cardano's ecosystem thrived with major innovations, protocol launches, and significant events, marking a year of substantial growth and development. Highlights include the launch of Liqwid Finance, the Valentine Hardfork, VyFinance DEX, and groundbreaking NFT initiatives, enhancing DeFi and NFT market presence.

Is Cardano a smart contract platform?

So far this year, Cardano has a change of -26.26%. Cardano is classified as a Smart Contract Platform under CoinDesks Digital Asset Classification Standard (DACS). Launched in 2017, Cardano is billed as a third-generation blockchain, following Bitcoin and Ethereum, which were the first- and second-generation blockchains.

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