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Cardano (ADA)
HomeGlossary TermsCardano (ADA)

Cardano (ADA)

June 22, 2023BY Ubik Capital
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Cardano is a blockchain platform that operates on a Proof-of-Stake consensus mechanism and offers smart contract functionality. It is known for its emphasis on academic research, high transactions-per-second (TPS) throughput, and an energy-efficient consensus protocol called Ouroboros. The native coin of the Cardano network, ADA, is used for facilitating transactions and executing smart contracts.

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