Cardano is an open-source and decentralized blockchain project and cryptocurrency platform. It is a blockchain that is home to the native ADA coin. The platform will support smart contract functionalities in the future, and the developers aim to create the most advanced protocol ever developed. Most cryptocurrencies struggle to create the perfect balance between security, scalability, and decentralization. Cardano has succeeded in connecting all these pillars under the same hood.
Cardano is based on a new type of Proof-Of-Stake algorithm which they call Ouroboros. This algorithm has mathematically been proven to be secure and uncompromisable. It doesn’t require expensive computer equipment for ADA mining and allows for easy adoption by the crypto community.