What is Cardano cryptocurrency?

Cardano runs on the proof-of-stake Ouroboros consensus protocol and developments are informed by scholarly academic research. The primary cryptocurrency of Cardano is called "ada." Cardano oversight is decentralized and shared by The Cardano Foundation, IOHK, and EMURGO.

What is Cardano utility token?

The Cardano utility token, ADA, is used as a transfer of value like many other crypto tokens. Yet it differs from other cryptocurrencies in its functionalities. Stake pool operators use it in the staking system to maintain the security of the protocol.

What is the Cardano Foundation?

Meanwhile, an additional 2.1 billion ADA was given to Emurgo, a global blockchain technology company that served as a founding entity of the Cardano protocol. Last but not least, 648 million ADA was given to the not-for-profit Cardano Foundation, which aims to promote the platform and increase levels of adoption.

How does the Cardano blockchain work?

Each block is approved by input endorsers, whose election is based on stakes. An epoch can be partitioned infinitely, making it possible to run as many transactions as needed. All users who participate in mining an epoch receive rewards for their services. Anybody who owns a 2% stake in the Cardano blockchain can choose to mine a block.