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Cardano is a blockchain platform that operates on a decentralized and open-source basis, designed to provide a secure and scalable infrastructure for developing and running decentralized applications (dApps). It was created in 2015 by **Charles Hoskinson**, one of the co-founders of Ethereum, and officially launched in 2017. Cardano distinguishes itself with a strong focus on scientific principles, peer-reviewed research, and a layered architecture. Key Features of Cardano: 1. Layered Architecture: - Settlement Layer (CSL): Handles the cryptocurrency transactions using its native coin, ADA. - Computation Layer (CCL): Manages smart contracts and decentralized applications. 2. Proof-of-Stake (PoS) Mechanism: - Cardano uses a PoS consensus protocol called **Ouroboros**, which is energy-efficient and secure. Unlike Bitcoin's Proof-of-Work (PoW), PoS allows validators to create new blocks and verify transactions based on the amount of ADA they hold and are willing to stake. 3. Scientific and Peer-Reviewed Approach: - Cardano relies on academic research and rigorous testing. Each stage of its development is backed by scientific papers, ensuring robustness and scalability. 4. Interoperability and Scalability: - The platform aims to interoperate with other blockchains and legacy systems while maintaining high throughput. 5. Governance: - Cardano employs a decentralized governance model where ADA holders participate in decision-making processes, including protocol upgrades and development. 6. Sustainability: - It has a built-in treasury system that funds future development using a portion of transaction fees and rewards. Use Cases: - Smart Contracts and dApps: Developers can build decentralized applications for finance (DeFi), gaming, supply chain, and more. - Identity Management: Cardano offers solutions for digital identity verification, particularly for financial inclusion in developing regions. - **Enterprise Solutions**: Partnerships with governments and enterprises to deploy blockchain-based systems. ADA: The native cryptocurrency of Cardano, ADA, is used for transactions, staking, and participating in governance. Development: Cardano's development is overseen by three organizations: 1. IOHK (Input Output Hong Kong): Focuses on research and development. 2. Cardano Foundation: Promotes the platform and its ecosystem. 3. Emurgo: Drives adoption by fostering commercial ventures. Cardano is considered one of the most advanced blockchain platforms, often compared to Ethereum, especially as both emphasize smart contracts and decentralized finance.

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