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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.
Cardano uses Plutus, a Haskell-based language, to write smart contracts. This functional language is known for its security and reliability, appealing to developers focused on safe applications.
Unlike Solidity, Plutus is a functional language rooted in Haskell, focusing on mathematical proofs and security, which reduces the chance of errors in Cardano’s smart contracts.
Cardano’s DEX platforms, like SundaeSwap and Minswap, are powered by Plutus smart contracts, which provide additional security compared to many Ethereum-based DEXs.
Marlowe is a domain-specific language (DSL) on Cardano for creating financial smart contracts, allowing non-programmers to design and deploy smart contracts with ease.
Cardano’s DeFi ecosystem offers opportunities in decentralized exchanges (DEXs), lending, borrowing, and staking platforms, allowing users to leverage ADA and other assets.