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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 ERC-20 converter allows Ethereum-based tokens to be converted for use on Cardano, promoting interoperability between the two networks.
Cardano’s multi-asset ledger allows native tokens to be created and managed directly on the blockchain, improving transaction efficiency and lowering costs.
Fees are distributed to stake pools as part of staking rewards, incentivizing validators and supporting network maintenance without relying on new ADA issuance.
Sidechains enable Cardano to interact with other blockchains, allowing assets to move seamlessly across networks without compromising security.
Cardano’s transaction fees are based on a formula that considers network load and transaction size, helping prevent congestion and ensure fair pricing.