#Cardano $ADA What is it?

Cardano started to be developed in 2015, but was made available by Charles Hoskinson in 2017. Cardano is a third-generation blockchain platform that is scalable and secure. This platform was developed with open source code to add flexibility to the blockchain system. Ada is the cryptocurrency of the Cardano platform and was named after the first computer programmer Ada Lovelace. Focusing on scalability and maintainability functions, Cardano is also the first decentralized blockchain.

Cardano uses the Proof of Stake consensus mechanism. This consensus has a structure that takes digital asset ownership into consideration rather than a system based on computing power. In this consensus structure, there are basic parts called time slots and epochs. Each circuit is managed by a slot leader who is responsible for creating and verifying the blocks produced on the Cardano blockchain. Transactions in blocks are produced by the slot leaders and then approved by input endorsers selected depending on the shares. A circuit may also have more than one input validator.

The Cardano platform offers a layered system, scalability and high security.