Cardano

About Cardano

Founded by Charles Hoskinson, a co-founder of Ethereum. Named after Ada Lovelace, the first computer programmer. Cardano uses a proof of stake consensus called Ouroboros. The project emphasizes academic research and peer reviewed development. ADA tokens are used for staking and transaction fees. Cardano has been criticized for slow development pace but praised for its rigorous approach. The platform supports smart contracts and decentralized applications through Plutus and Marlowe programming languages.