What is Cardano (ADA)? | Cardano ADA Explained in Under 60 Seconds

The Cardano Platform (ADA) is proof-of-stake blockchain platform that allows dApps & smart contracts to be developed with modularity. ADA is the Cardano native token used for a secure exchange of value, staking and other services on the Cardano platform.

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The Ouroboros Protocol is a verifiably secure blockchain protocol that allows decentralization of the Cardano network and scaling without compromising security.

With Ouroboros, every transaction, interaction, and exchange is immutably & transparently recovered, and securely validated using multi-signature and a pioneering extended UTXO model.

Cardano provides industry solutions and helps solve enterprise problems such as counterfeiting, tracking, verification and more in multiple industries.

Ouroboros provides sustainability & scalability to Cardano without requiring exponentially more energy to increase performance and add blocks through a combination of novel approaches, including multi-ledger, side chains, and parallel transaction processing through multi-party state channels.

WEBSITE: https://cardano.org/