What 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.

Cardano is a blockchain and ADA is the coin that powers the Cardano network.

Think of Bitcoin as Crypto 1.0. It’s essentially digital gold, but the system is beset with scalability issues. Then there’s Ethereum, often referred to as Crypto 2.0. Cardano, launched in 2017, is Crypto 3.0, with the goal of improving upon the functionality that Ethereum was initially missing.

One of the key features of the Cardano Blockchain is the concept of staking. Simply put, staking is the act of locking cryptocurrencies to receive rewards. In Cardano, Ada are staked to Stake Pools and every after 5 days, the Ada holders reap the fruit of staking rewards from the Cardano Network. The rewards are in terms of Ada and it gets into the Ada holder's wallet directly.