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.

Does Cardano use distributed computing?

Uses Distributed computing. Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. Cardano's development began in 2015, led by Ethereum co-founder Charles Hoskinson.

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.