Cardano is a blockchain platform that offers tools and technologies for change makers, innovators, and missionaries who aim to create a positive impact globally. This platform is built through peer-reviewed research to ensure that it is secure enough to protect billions of data, scalable to accommodate global systems, and robust enough to support foundational change.

Cardano as an Operating System

Think of Cardano as an operating system, like Windows, iOS, or Mac. In this analogy, projects in the blockchain are like the software or applications you install on your operating system. Cardano is the platform that houses different apps or softwares that are operating in the blockchain.

Proof of Stake

One of the key differences between Cardano and other cryptocurrencies, such as Ethereum, is that Cardano uses Proof of Stake (PoS) instead of mining. PoS enables Cardano to be more environmentally sustainable and secure. Oroboros, the protocol that powers Cardano, is the first peer-reviewed, verifiably secure blockchain protocol.

Cardano Apps and Projects

There are many projects and apps that are based on the Cardano network, with a majority of them being NFTs. The popularity of NFTs has been a major driving force behind the growth of Cardano. Additionally, Cardano has its own token, Ada, which represents a stake in the network. The size of the stake is proportional to the amount of Ada held.

Stake Pool Delegation

ADA holders can earn rewards in two ways: by delegating their stake to a stake pool run by someone else or by running their own stake pool. The amount of stake delegated to a stake pool determines who should add the next block to the blockchain and receive a monetary reward for doing so. The more stake that is dedicated to a stake pool, the more likely it is to make the next block, and the rewards are shared among everyone who delegated their stake to the stake pool.

Conclusion

Cardano is a blockchain platform that is designed to support change makers, innovators, and missionaries who aim to create a positive impact globally. With its environmentally sustainable and secure proof of stake protocol, Cardano is a platform that offers a lot of potential for growth and development. Whether you’re interested in NFTs or just looking for a secure blockchain platform, Cardano is definitely worth checking out.