Basics of Cardano (ADA) [Explained in 3 minutes]


00:02:54 h

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Published on Jan 28, 2018

What is Cardano?

In this video I will cover the basics of Cardano/ADA for beginners.

I will go over some of the main features as well as the proof-of-stake protocol for Cardano/ADA called Ouroboros.

n 2015 the Cardano Foundation founded Cardano.

Cardano is a platform composed of a settlement layer to handle cryptocurrency transactions.

And a computing layer which is built to handle smart contracts.

The idea here is to separate the accounting of transactions from the reasons why transactions are being performed.