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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.
Yes, Cardano allows for the creation of NFTs (non-fungible tokens), offering a more energy-efficient and cost-effective option compared to other platforms.
Cardano supports industries like healthcare, finance, and supply chain, enabling solutions that require secure, transparent, and traceable data.
Cardano supports smart contracts through Plutus, its native smart contract language based on Haskell, providing a secure and functional programming environment.
Some leading DeFi projects on Cardano include Minswap, SundaeSwap, and ADAX, focusing on decentralized trading, lending, and more.
Cardano has two layers: the Cardano Settlement Layer (CSL) for tracking transactions and ADA transfers, and the Cardano Computation Layer (CCL) for supporting smart contracts and decentralized applications.