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CRYPTO CURRENCY
Cardano
SHORT NAME
ADA
Cardano (ADA) is a blockchain project founded by Ethereum co-founder Charles Hoskinson. Cardano is based on a so-called “Proof of Stake” consensus mechanism, which enables a staking of the currency. The mission of the project is to offer a sustainable, fully decentralized and scalable peer-to-peer transaction tool. The decentralized blockchain also enables smart contracts. In April 2021 it was announced that Ethiopia will use Cardano as the basis for the envisioned blockchain-based transformation of its education system.
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