Cardano Cryptocurrency | Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration. In the spirit of many open source projects, cardano did not begin with a comprehensive roadmap or even an authoritative white paper. Rather it embraced a collection of design principles, engineering best practices and avenues for exploration.
Cardano uses ADA tokens to run smart contracts, very similar to Ethereum protocol, but it does have some advantages such as scalability. Unlike Bitcoin, Cardamon uses proof of stake for a cryptocurrency witch is a hotly debated design choice, however because it adds a mechanism to introduce secure voting, has more capacity to scale, and permits more exotic incentive schemes.
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