What is Cardano?
Cardano is a Cryptocurrency founded by Charles Hoskinson who is also
the cofounder of Ethereum. The Cardano protocol was created to address
issues of previous versions to improve scalability, transaction speed
and decentralization with low fees and energy consumption.
Cardano operates on two layers, The Cardano Sediment Layer (CSL) and
the Cardano Computing Layer (CCL). ADA is the native token of Cardano
and is named after Ada Lovelace, a 19th century mathematician known as
the first computer programmer. Cardano is a blockchain platform that is
used to send and receive digital funds.
Cardano is also known as the Japanese Ethereum as 95% of the participants
of the ADA initial coin offering (ICO) were Japanese. Cardano is also the
first peer reviewed blockchain and is claimed to be the most sustainable
blockchain ever created while still maintaining the highest levels of
security. Instead of using proof of work technology like bitcoin, Cardano
uses Proof of Stake which allows for much more scalability and is less
With the launch of Cardano’s Shelley network, users can now stake their
ADA with stake pools such as 888Pool.