Frequently Asked Questions
"Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change." - Quote taken from Cardano.org
Cardano?
Cardano is an open source blockchain which runs on the environmentally friendly Proof of Stake (POS) protocol, Ouroboros. Ouroboros is the first peer-reviewed, verifiably secure blockchain protocol.
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ADA is the native token on Cardano. Which is used to transact, manage NFT's, smart contracts and use native tokens on ADA itself.
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Blockchain?
A blockchain is “a distributed database that maintains a continuously growing list of ordered records, called blocks.” These blocks “are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
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Blockchain is the result of the 2008 financial crisis, where Banks caused a major economic disaster. Cardano was founded to take control of your own money and be your own bank.
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