Learn more about the Cardano blockchain
1What is Cardano?
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
2What is Proof of Stake?
Proof of stake (PoS) is a type of consensus mechanism by which a cryptocurrency blockchain network achieves distributed consensus. In PoS-based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e., the stake). Cardano utilizes the The Ouroboros Protocol, the only peer reviewed POS consensus mechanism that is verifiably as secure as Proof of Work.
4Why we are building on Cardano
We are building on Cardano for longevity, security, and scalability. We believe that the architecture of Cardano is the most secure in the blockchain industry, and the team building Cardano is AAA quality. We are especially intrigued at the capabilities of the system for integrating with modern gaming, virtual reality, and micro finance.
6What is a Non Fungible Token (NFT)?
A non-fungible token (NFT) is a unit of data stored on the blockchain. "Non-fungible" means the token is unique, and cannot be replaced with something else. For instance, you can send and receive multiple ADA, but you can only ever send/receive the same NFT. Cardano has created a uniquely excellent environment for NFT's due to the blockchain's low transaction fees, and emerging smart contract environment. There are a number of NFT projects on the Cardano blockchain, including our own! Buyer beware - These tokens are highly speculative in nature and may not hold any transactional value.