Cardano is a blockchain platform and cryptocurrency that aims to provide a secure, scalable, and sustainable infrastructure for the development of decentralized applications (dApps) and smart contracts. It was created by a team of engineers, mathematicians, and cryptographers led by [[Charles Hoskinson]], who was also one of the co-founders of Ethereum. Cardano utilizes a unique proof-of-stake (PoS) consensus algorithm called Ouroboros. This algorithm ensures the security and reliability of the network by allowing participants to create new blocks and validate transactions based on their stake in the system. Unlike other blockchain platforms that use energy-intensive proof-of-work (PoW) algorithms, Cardano's PoS approach is more energy-efficient. The Cardano blockchain is built in layers, allowing for more flexibility and scalability. The settlement layer is responsible for handling ADA (Cardano's native cryptocurrency) transactions, while the computation layer enables the execution of smart contracts and dApps. This layered architecture allows for easier upgrades and maintenance without disrupting the entire system. One of the key features of Cardano is its focus on peer-reviewed research and academic rigor. The development team emphasizes scientific principles to ensure that every aspect of the platform is well-founded and theoretically sound. This commitment to research helps in addressing scalability, interoperability, sustainability, and security issues within the blockchain industry. Cardano also emphasizes regulatory compliance through its approach called "third-generation" cryptocurrencies. By working closely with governments and financial institutions, Cardano aims to provide a framework that can integrate with existing regulatory structures seamlessly. This opens up opportunities for various real-world applications like digital identity verification systems, supply chain management solutions, financial services platforms, etc. Overall, Cardano aims to be a robust blockchain platform that combines scientific research with practical application. With its focus on scalability, security, sustainability, peer-reviewed research, and regulatory compliance, it seeks to provide an inclusive ecosystem for developers and users alike.