What is Cardano and how does it work?

In Cardano, unlike other blockchain projects, it is not miners who vote and decide on changes to the protocol, it is token holders. Therefore, when a new change or development is proposed to the Cardano blockchain, Cardano crypto holders use their ADA to vote on these proposals.

What is Cardano (Ada)?

Cardano is one of the biggest cryptocurrencies by market cap. It’s designed to be a flexible, sustainable, and scalable blockchain platform for running smart contracts — which will allow the development of a wide range of decentralized finance apps, new crypto tokens, games, and more. Cardano is one of the biggest cryptocurrencies by market cap.

What is a Cardano smart contract?

Cardano’s goal is to be a highly scalable and energy-efficient smart contract platform. The Ouroboros consensus mechanism is based on peer-reviewed research by a team of computer scientists and cryptographers from the University of Edinburgh, Tokyo University, and other institutions.

What is Cardano (CCL)?

The Cardano Computational Layer (CCL) is a set of protocols, which is the backbone of the blockchain, and helps to run smart contracts, ensure security and compliance, and allow for other advanced functionality, such as blacklisting and identity recognition.