What Is Cardano (ADA)?
According to cardano.org, their purpose is as follows:
A platform built for a sustainable future, to help people work better together, trust one another, and build global solutions to global problems
Cardano is an open-source, decentralized, and public platform whose native token is ADA. Cardano was developed in 2015 by Charles Hoskinson, the co-founder of the proof-of-work (PoW) blockchain Ethereum. However, it did not launch until 2017.
Cardano is a proof-of-stake blockchain network, which is being developed into a decentralized application (DApp) development platform with a multi-asset ledger and verifiable smart contracts. It aims to be able to work with different assets and communicate between different cryptocurrencies. Thus, creating an internet of blockchains.
