Crypto Almanac - Part 61 Beginners Guide

Source. Crypto info.com

What is Cardano?
Cardano is an open source decentralized public blockchain and cryptocurrency project born out of a scientific philosophy and a research-first driven approach. Cardano is also developing a Smart Contract platform that wants to deliver advanced features for their blockchain so that it can one day become interoperable with mainstream financial organizations.

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Cardano is a third-generation cryptocurrency that aims to solve the scaling problems of other currencies such as Bitcoin and Ethereum by harnessing two separate layers on their platform: the Cardano Settlement Layer (CSL) is used for transaction of ADA, Cardano's cryptocurrency, while the Control Layer will be used to enable Smart Contracts. Layers allow the system to have flexibility for easy maintenance and upgrades.



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