Cardano is a third-generation blockchain platform designed to solve key problems of previous blockchains such as Bitcoin and Ethereum. Unlike most other cryptocurrency projects, Cardano relied on a scientific approach and thoroughly peer-reviewed research from the very beginning, which was its key differentiator.
The idea behind cardano was to create a sustainable, scalable and secure ecosystem that could be the basis for the development of decentralized applications and smart contracts. A unique feature of the platform is its two-tier architecture: a settlement layer (Cardano Settlement Layer) for processing transactions with ADA tokens and a computational layer (Cardano Computation Layer) that supports smart contracts. This approach provides flexibility and security, while separating functions to accomplish tasks more efficiently.
Who is the founder of Cardano (ADA)?
The founder of Cardano is Charles Hoskinson, also known as one of the co-founders of Ethereum. Hoskinson is a mathematician, entrepreneur and cryptocurrency visionary who set out to create a next-generation blockchain platform that could address the limitations of previous projects such as Bitcoin and Ethereum.
In 2015, he founded Input Output Global (IOG) (formerly known as IOHK) with Jeremy Wood. This company played a key role in the development and launch of Cardano. Hoskinson actively promotes a scientific approach to blockchain development, emphasizing peer-reviewed research and mathematically proven algorithms, such as the Ouroboros consensus that underpins Cardano.
What makes Cardano unique?
Cardano cryptocurrency stands out for its scientific approach based on peer-reviewed research and the energy-efficient Ouroboros consensus algorithm that minimizes carbon footprint. With its two-tier architecture, the platform separates transaction processing and smart contract execution, which ensures its flexibility and scalability.
In addition, Cardano cryptocurrency is focused on solving real world problems such as digital identity and financial inclusion, making it not only technologically advanced but also a socially relevant project.