What exactly is Cardano? Cardano is a decentralized blockchain platform led by Ethereum co-founder Charles Hoskinson, which was released in 2017. Its stated goal is to become a more environmentally friendly and scalable blockchain network, in part by reducing the need of energy-intensive bitcoin miners.

Cardano relies on the Ouroboros consensus protocol, which is an uniquely built proof-of-stake (PoS) blockchain technology. This consensus process ensures that ADA may be issued and received quickly and securely, as well as the security of smart contracts on the Cardano blockchain.

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