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Cardano

Cardano (ADA)
  • cardanoCardano$0.63-0.10%

Cardano is a proof-of-stake blockchain network that supports decentralized applications (dApps) with a multi-asset ledger and smart contracts. Unlike many other blockchains, Cardano does not build on top of technical foundations from Bitcoin or other blockchains. Instead Cardano works with leading academics on research to develop new and innovative solutions, which are subjected to academic peer review and presented at major international conferences. The team then builds a prototype to understand real-world technical and functional implementation issues, enabling the creation of technical specifications before formal development begins.

On 22 September 2022, Cardano implemented the Vasil hard fork. The Vasil hard fork is intended to improve smart contract capabilities, increase the chain’s throughput and reduce costs, while also enhancing transaction validation.


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