Cardano

What is Cardano?

Cardano (ADA) is an open-source Proof-of-Stake (PoS) blockchain network that includes a dApp development platform, multi-asset supported ledger and verifiable smart contracts.

It is composed of two separate layers that utilize PoS consensus throughout the system. Division of the network into a Settlement Layer (SL) and Computation Layer (CL) is meant to allow for developers to optimize each one independent of the other, thereby increasing the efficiency, scalability, and flexibility of the network.

ADA token holders and stake pool operators will be able to vote on protocol improvement proposals. Cardano's on-chain governance will simply determine whether the proposed change gets implemented or not.