cardano_whitepaper

Cardano White Paper

Cardano is a blockchain platform that aims to offer a more secure and sustainable solution for decentralized applications. The white paper provides a comprehensive overview of the platform's architecture, features, and goals.

Overview

Official Website: Cardano
Launched: September 2017
Founders: Charles Hoskinson, Jeremy Wood, and IOHK

Key Features

Ouroboros Protocol: Cardano uses the Ouroboros protocol, a proof-of-stake algorithm that is energy-efficient and secure.
Layer 1 and Layer 2: The platform is designed with a clear separation between Layer 1 (the base blockchain) and Layer 2 (sidechains for scalability).
Smart Contracts: Cardano supports smart contracts through its native language, Plutus.

Architecture

Cardano's architecture is built on a layered approach, with each layer responsible for specific functions:

Layer 1: The main blockchain, responsible for security, decentralization, and the finality of transactions.
Layer 2: Sidechains and other scalability solutions that operate on top of Layer 1.
Layer 3: Decentralized applications and services that run on top of Layer 2.

Conclusion

Cardano's white paper is a detailed guide to the platform's vision and technology. It offers a promising solution for the future of blockchain technology and decentralized applications.