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About Cardano

Cardano is a research-driven blockchain platform. The Cardano (ADA) cryptocurrency was the first to be founded on peer-reviewed academic research. Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano aims to be a more sustainable and scalable platform. Like the cryptocurrencies before it, Cardano was created to provide a decentralized infrastructure that operates without the intervention of a centralized authority. A global team of scientists constantly works on improving the protocol through evidence-based methods.

How does Cardano work?

The Cardano network is a decentralized third-generation system that operates without a central bank, government authority, or middleman. Instead, it uses the Ouroboros Proof-of-Stake protocol to maintain a decentralized network of computers around the world that collectively uphold the integrity of the system. This globally distributed community of stake pools is what makes up the Cardano network. Each node plays an important role in verifying blocks. Because the protocol is mathematically proven secure, there is no central authority that controls the blockchain.

How to store Cardano

Storing Cardano requires a wallet like Daedalus or Yoroi without a central bank, government authority, or middleman. Instead, it uses a staking mechanism where users can delegate their wallet balance to pools to earn rewards. This maintains the security and decentralization of the network. Users can keep their ADA in these non-custodial wallets. Because the user holds the spending password, there is no central authority that can access or move the funds without permission.