Cardano which carries a taker ADA is a popular blockchain platform known for its focus on security, scalability, and sustainability. It was founded by Charles Hoskinson, a co-founder of Ethereum, and is designed to improve upon the limitations of earlier blockchain platforms. Out of no where, last week the coin got listed on Robinhood. It Surges from $0.50 all the way to $0.78.
Cardano uses a unique PoS algorithm called Ouroboros. Instead of relying on energy-intensive Proof of Work (PoW) like Bitcoin or Ethereum (before its transition to Proof of Stake), Ouroboros allows validators to propose and validate blocks based on the amount of ADA (Cardano's native cryptocurrency) they stake, making it more energy-efficient.
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