Cardano: A Third-Generation Blockchain
- Cardano was founded in 2015 by Charles Hoskinson, an Ethereum co-founder.
- The blockchain launched in 2017 with the Byron era, introducing ADA and Ouroboros proof-of-stake protocol.
- Cardano’s development is divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire.
- ADA has a fixed supply of 45 billion coins and supports DeFi and enterprise solutions.
- Cardano uses a two-layer architecture for transactions and smart contracts.
Cardano aims to improve scalability, security, and sustainability over Bitcoin and Ethereum. It employs a unique proof-of-stake consensus mechanism called Ouroboros. The network’s development phases include significant upgrades like smart contract functionality introduced during the Goguen phase in September 2021.
Source (2.6)https://decrypt.co/resources/cardano?rand=52368
