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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.
Popular DeFi applications on Cardano include Minswap and SundaeSwap, providing decentralized exchange (DEX) services and token swaps.
Popular dApps on Cardano include decentralized exchanges (DEXs), NFT marketplaces, and yield farming applications like MuesliSwap and ADAX.
Cardano encourages decentralization by setting limits on pool saturation, preventing large pools from monopolizing staking rewards.
Cardano supports dApps through its Plutus platform, allowing developers to build secure, functional applications for finance, gaming, and social sectors.
No, ADA cannot be mined as it uses a proof-of-stake system instead of mining. ADA holders secure the network by staking, earning rewards in ADA.