Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications and smart contracts. It is built on a proof-of-stake consensus algorithm called Ouroboros, which is designed to be secure, sustainable, and scalable.
Key Points:
1. Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for decentralized applications.
2. It is built on a proof-of-stake consensus algorithm called Ouroboros.
3. Cardano’s development is guided by a scientific philosophy and research-driven approach.
4. The platform is designed to be secure, sustainable, and scalable.
How does it work?
Cardano uses a layered architecture to separate the settlement layer, which handles transactions, from the computation layer, which handles smart contracts. This separation allows for greater flexibility and scalability, as each layer can be upgraded independently. Additionally, Cardano’s Ouroboros consensus algorithm is designed to be secure and energy-efficient, using a combination of stake delegation and randomness to achieve consensus.
In conclusion, Cardano is a blockchain platform that is designed to be secure, sustainable, and scalable. Its use of a layered architecture and Ouroboros consensus algorithm sets it apart from other blockchain platforms and makes it a promising option for the development of decentralized applications and smart contracts.