Cardano (ADA)
- Official Website: cardano.org
- Definition: Cardano is a blockchain platform focused on sustainability, scalability, and security.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A research-driven blockchain that uses proof-of-stake for consensus.
- Function: Supports smart contracts, dApps, and decentralized governance.
- Analogy: Think of Cardano as a research lab. It’s slow but methodical, ensuring everything is perfect.
- Pros: Energy-efficient, scalable, strong academic backing.
- Cons: Slow development, competition from other Layer 1 chains.
- Controversies: Delays in development, criticism of slow adoption.
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This page was last updated on January 28, 2025.
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