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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’s plans include solutions like sidechains and the ERC-20 converter, helping bridge assets between Cardano and other blockchains.
Cardano’s fixed supply of ADA creates a deflationary model, meaning that as demand grows, the limited supply could increase the token’s value over time.
Yes, ADA is supported on Ledger and Trezor hardware wallets, providing secure offline storage for enhanced asset protection.
Demand for ADA is driven by its staking opportunities, Cardano’s DeFi and NFT ecosystems, partnerships, and its potential as a store of value.
Staking refers to holding ADA in a wallet to support the network, while delegation involves assigning your ADA to a stake pool to earn rewards without transferring ownership.