Cardano is a decentralized public blockchain and cryptocurrency project that is fully open source. It is known for its implementation of Ouroboros, the first peer-reviewed, verifiably secure blockchain protocol.
Overview
Cardano's primary innovation lies in its use of Ouroboros, a proof-of-stake blockchain protocol that is touted as the most environmentally sustainable. Ouroboros is the first of its kind to be peer-reviewed and verifiably secure, setting it apart from other blockchain protocols.
The implementation of Ouroboros enables the Cardano network's decentralization and allows it to scale sustainably to global requirements without compromising security. The protocol is the result of tireless effort and builds on foundational research. It is driven by a vision for more secure and transparent global payment systems and a means to redistribute power and control more fairly.
Sustainability
Cardano's use of the Ouroboros protocol makes it one of the most environmentally sustainable blockchain protocols. Unlike proof-of-work systems that require significant computational power and energy use, proof-of-stake systems like Ouroboros require validators to show ownership of a certain number of tokens, reducing the energy requirement for the network's operation.
Vision
Cardano's vision is to create a more secure and transparent global payment system. It aims to redistribute power and control more fairly, moving away from centralized systems and towards a more equitable global financial system.
