Cardano is a multi-layer blockchain platform that is based on the PoS Ouroboros and written in the Haskell programming language (with a high degree of fault tolerance). Designed to develop DApps based on smart contracts.
- The project aims to create a flexible variety of programmable money through scientific methods — mathematical proofs and game theory.
- Cardano can include metadata that is cryptographically protected on the blockchain. This allows interaction with external regulators, preserving the privacy of cryptocurrency owners.
- In early April 2021, Input Output Global (IOG) announced that the Cardano network is now fully decentralized.
Cardano’s native cryptocurrency token is ADA.