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Cardano (ADA) is a third-generation blockchain platform focused on creating a secure, scalable, and sustainable ecosystem for decentralized applications (dApps) and smart contracts. Built using a research-driven approach and peer-reviewed scientific principles, Cardano distinguishes itself with its dual-layer architecture, where the Cardano Settlement Layer (CSL) handles transactions with ADA, its native cryptocurrency, while the Cardano Computation Layer (CCL) powers smart contracts and dApp functionalities. This separation enhances both security and scalability, allowing ADA to support complex applications without compromising transaction efficiency. Cardano's unique proof-of-stake consensus mechanism, Ouroboros, reduces energy consumption compared to proof-of-work blockchains, making ADA an environmentally sustainable choice. The Cardano ecosystem is dynamic, with projects spanning DeFi, NFTs, and governance protocols, and is actively developed by a committed community led by Input Output Global (IOG), Cardano Foundation, and Emurgo.
Daedalus is a full-node wallet developed by IOHK for ADA, allowing users to run a complete copy of the Cardano blockchain on their device.
Cardano’s all-time low price was around $0.017 in October 2017, shortly after it launched on the market.
Cardano aims to expand its influence in DeFi by enabling secure, scalable financial products for users worldwide, particularly in regions with underbanked populations.
Cardano reached its all-time high of approximately $3.10 in September 2021, during a period of high demand for proof-of-stake networks.
Cardano’s emphasis on peer-reviewed research and partnerships with governments and universities in developing countries gives it a strong global presence in fintech.