What is Cardano & how does it work?

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 Cardano (Ada)?

Cardano is a blockchain project founded by Charles Hoskinson, co-founder of ethereum, to “provide a more balanced and sustainable ecosystem” for cryptocurrencies. According to its website, ADA is the only coin with a “scientific philosophy and research-driven approach.”

Is Cardano a peer-reviewed cryptocurrency?

Cardano also touts itself as being the only extensively peer-reviewed blockchain platform in the industry, and it routinely publishes academic research papers on its website. Cardano’s native cryptocurrency, ADA, was launched in 2017 following a public sale of 25.9 billion ADA tokens, which began in September 2015.

What are Cardano eras?

Development phases of Cardano, or "eras", are named after notable figures in poetry and computer science: Byron, Shelley, Goguen, Basho and Voltaire. The first three stages implemented a basic blockchain, and then implemented decentralisation and smart contracts. The Basho era focuses on scaling the blockchain.