Cardano (ADA)

Cardano — a third-generation blockchain that aims to solve the architectural limitations of Bitcoin and Ethereum, focusing on security, scalability, and a formal scientific approach. Its development is based on peer-reviewed academic research, making the project one of the most methodologically grounded in the industry.

Annual chart of ADA movement / Data: Binance

Cardano uses an energy-efficient Proof of Stake consensus, Ouroboros, provides near-instant transactions, and is oriented towards applications in education, finance, government, and digital identity. The platform has strong community support and actively expands the functionality of smart contracts. The main challenges are a slower feature implementation cycle compared to competitors and competition with more mature DeFi ecosystems.