Cardano is more than just a cryptocurrency

The Cardano project is a third-generation blockchain platform designed to solve issues of scalability, sustainability, and interoperability faced by other networks like Bitcoin (first generation) and Ethereum (second generation). It is known for its scientific approach and reliance on peer-reviewed academic research.

Main Features of Cardano
1. Native Cryptocurrency (ADA):
• ADA is the digital currency of the Cardano ecosystem.
• It is used for payments, staking, and governance within the network.
2. Proof of Stake (PoS):
• Cardano uses a consensus algorithm called Ouroboros, a Proof of Stake (PoS) model that is more energy-efficient than the Proof of Work (PoW) used by Bitcoin.
3. Separate Layers:
• Settlement Layer (CSL): Handles ADA transactions.
• Computational Layer (CCL): Executes smart contracts and decentralized applications (dApps).
4. Sustainability and Governance:
• The governance system allows the community to vote on development proposals, creating a self-sustaining ecosystem.
5. Interoperability:
• Cardano aims to facilitate communication between different blockchains, enabling seamless exchange of data and assets.