What is Cardano (ADA)?

Cardano (ADA) is a cryptocurrency and blockchain platform designed to be more secure and sustainable than previous generations of blockchain technology. It uses a unique consensus algorithm called "Ouroboros," a proof-of-stake algorithm that allows for more energy-efficient consensus than proof-of-work algorithms like the one used by Bitcoin. The Cardano network is built in layers, with the Settlement Layer (SL) handling the transfer of ADA between accounts and the Control Layer (CL) handling more complex operations like smart contracts. This separation…