Cardano

Cardano Cryptocurrency Product Introduction
- Basic Overview: Cardano is an open-source decentralized blockchain platform designed to empower billions without economic identity by offering decentralized applications for managing identity, value, and governance. Its native cryptocurrency, ADA, is named after 19th-century mathematician Ada Lovelace. Founded by Charles Hoskinson and Jeremy Wood in 2015 and launched in 2017, Cardano was one of the first major cryptocurrencies to adopt a Proof of Stake (PoS) mechanism.
- Technical Features: Cardano utilizes the Ouroboros Proof of Stake consensus mechanism, prioritizing sustainability, scalability, and security. Its layered architecture separates the settlement and computation layers, supporting modular development of decentralized applications (dApps) and smart contracts. Additionally, Cardano achieves high scalability through technologies like Hydra, aiming to process over a million transactions per second while maintaining low fees.
- Governance and Community Participation: ADA holders can participate in network operations by voting on proposed software changes. Cardano’s governance model is fully decentralized, recently achieving 100% on-chain governance, reflecting its commitment to community-driven development.
- Unique Features: Based on publicly available information, Cardano offers innovative features such as multiple swaps across decentralized exchanges (DEXs) in a single transaction, Mithril technology (a decentralized stake-based multi-signature system for certifying blockchain state snapshots), and no-lock staking, enhancing user flexibility.
- Development History and Milestones: Since its launch in 2017, Cardano has undergone significant upgrades, such as the 2021 Alonzo hard fork, which introduced smart contract functionality and drove a substantial increase in ADA’s price. As of 2025, Cardano continues to grow, surpassing 110 million transactions and planning further Layer 2 solutions and privacy features.
- Use Cases: Cardano focuses on solving real-world issues, supporting decentralized finance (DeFi), identity management, and blockchain applications in education and government sectors. Its platform is designed to be flexible, sustainable, and scalable for diverse solutions.
- Future Outlook: Cardano’s roadmap includes enhancing privacy features (such as through the Midnight network), supporting zero-knowledge proof (ZK) architecture, and integrating with other blockchains like Bitcoin, further enriching the diversity and utility of its ecosystem.