Cardano (ADA) is a decentralised blockchain network founded in 2017 that supports smart contracts and uses its native token, ADA, to pay for transaction fees, secure the network and provide yields to staking participants.

Cardano is one of the largest ‘layer-1’ blockchains to use the Proof-of-stake consensus model, which is more energy-efficient, faster and cheaper than other Proof-of-work blockchains like Bitcoin and Ethereum.

Thanks to its smart contracts, users of the Cardano blockchain can transfer ADA or other cryptocurrencies to other users, participate in Decentralised Finance (DeFi) platforms or purchase a non-fungible token (NFT)

Cardano is renowned for being the first blockchain platform to adopt a mathematical, research-driven approach in its development of a more scalable, efficient model over Ethereum.

Striving to be the most environmentally-friendly blockchain on the market, Cardano remains one of the more popular assets in the crypto ecosystem thanks to its development approach and strong community.