Cardano
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Cardano parameters are set and adjusted to measure the attractiveness of specific stake pools. Cardano network rewards participation directly and is designed to ensure that those who act in the best interests of the network are also acting in their own best interests.
Cardano combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. Cardano redistribute power from unaccountable structures to the margins and to individuals, and is a enabling force for positive change and progress. Cardano restores trust in global systems by providing more secure, transparent, and sustainable foundation for individuals to transact and exchange, systems to govern, and enterprises to grow.
By using critical high-stake applications with an agile approach, Cardano helps the project remain adaptable and responsive to emerging requirements and new innovations. Cardano provides security assurance to support global applications, systems, and solutions.
Cardano is a platform for building trust that create whole new markets and opportunities. Cardano uses Ouroboros, which is provably secure against bad actors and Sybil attacks. Every transaction, interaction, and exchange is immutably and transparently recovered, and securely validated using multi-signature and a pioneering extended UTXO model.
Cardano features an incentive mechanism that rewards users - either as stake pool operators or stake delegators - for their participation. The platform is built and expanded through enhancement and improvement protocols. Cardano governance model uniquely position it for future growth and development, and allows it to introduce new capability tailored to its user’s needs, letting them fund and decide upon platform and ecosystem improvements.
Cardano energy requirements are minimal . Unlike other blockchains, Cardano does not require exponentially more energy to increase performance and add blocks and that was achieved through a combination of novel approaches, including multi-ledger, side chains, and parallel transaction processing through multi-party state channels.