Cardano (ADA): The Third-Generation Blockchain

Cardano is the Proof-of-Stake blockchain platform that allows developers to build and enhance the performance of dApps and DeFi while maintaining the sustainability, scalability, and transparency of the chain.
Cardano is deemed to be the third-generation blockchain after Bitcoin and Ethereum, serving as a payment method and a platform for enterprise-level dApps development in the blockchain industry.Cardano (Symbol: ADA) is the native governance token powering the entire Cardano ecosystem.
The token ADA is named after Ada Lovelace, a 19th-century mathematician, who is recognized as the first computer programmer.ADA is used as a currency, a payment method, a new means of transaction, and a secure exchange of value, similar to BTC in Bitcoin or ETH in Ethereum networks. The maximum supply of ADA is 45 billion coins, compared to 21 million BTC.There are several major exchanges for investors to trade ADA tokens such as Binance, Coinbase Pro, and OKEx.Cardano employs the Proof-of-Stake algorithm, formed by 2 separate layers:
Cardano employs Ouroboros, the first provably secure proof-of-stake protocol, as its mechanism consensus:
Cardano was introduced to tackle three major existing problems of the blockchain, including scalability, interoperability, and sustainability.
Cardano was founded in 2017 by technologists Jeremy Wood and Charles Hoskinson; especially, Hoskinson is one of the co-founders of the Ethereum network.
Cardano is currently operated by three separate and independent organizations, including:Thanks to the firm blockchain infrastructure and peer-reviewed proofs in Cardano, Cardano is winning the trust of worldwide investors and traders.
Grayscale, a digital asset investment giant, has recently raised Cardano allocation in its smart contract platform Ex-Ethereum fund (GSCPxE) to 32.33% per share, leading to an outstanding upsurge in the ADA’s value.Sitting in the top six largest cryptos, Cardano is reported to be the most widely held cryptocurrency during the bear market, proving itself an attractive option favoring over other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). Explore all the trending topics and hottest news in the crypto market with our Blogchain.Meanwhile, practice trading, play virtual money and earn real tokens with CryptoSim - Virtual Trading Game.