Who: Cardano is a blockchain platform founded in 2015 by Charles Hoskinson.
What: Cardano uses a cryptocurrency called ADA and a consensus mechanism called Ouroboros Proof-of-Stake (PoS).
Where: Cardano is a decentralized platform and can be used anywhere.
When: Cardano was launched in 2017 and is still in development.
Why: Cardano's goal is to create a scalable, secure and sustainable blockchain platform.
How: Cardano performs transaction verification using the Ouroboros PoS consensus mechanism. This mechanism is based on holding shares rather than mining.
Additional Information:
Cardano is known as the “third generation blockchain.”
Cardano's Shelley update was completed in 2020, and the Alonzo update was completed in 2021.
Cardano's Vasil update will be completed in 2022.
Cardano is running projects to develop blockchain-based identity and education solutions in Africa.