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The Cardano blockchain is stratified into two layers, the Cardano Settlement Layer (CSL) and the Cardano Computational Layer (CCL).
The CSL is Cardano’s balance ledger. Using a proof-of-stake consensus algorithm (Ouroboros protocol) to generate new blocks and confirm transactions.
This layer is operated separately from the settlement layer to afford flexibility if the need for changes arises. It’s off-chain protocol allows it to offer greater data storage flexibility and an access model that lets users create customized rules when validating transactions.
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Bitcoin was created to eliminate a central authority in verifying transactions. Due to its simple design, it was very secure.
Ethereum brought smart contracts and decentralized apps. But Ethereum has run into such problems as
What the Cardano team did with the Ouroboros is to divide physical time into epochs made of slots. These so-called epochs operate in an annular fashion whereby when one epoch ends; another comes online. This helps to reduce network congestion and save ...
Cardano developers can now create custom tokens or import projects from other blockchains into the Cardano network. This could be beneficial for new and interesting projects such in the DeFi and NFT ecosystem.
Cardano is supported by the same-named foundation that aids the research and development of the protocol and its community. The Cardano project’s development is spearheaded by the for-profit company Input Output Hong Kong (IOHK). Hoskinson also heads IOHK. The project signed up leading academics ...
Cardano has been different from other blockchain projects from the start. In lieu of publishing a white paper, Cardano adopted a collection of unique design principles, engineering best practices, and created
Cardano is a public, open-source blockchain for building and running smart contracts and other decentralized protocols. The project was built from the ground-up by a team led by Charles Hoskinson , a co-founder of Ethereum. In contrast to many blockchains, Cardano did not kick off with a white pa...
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