What is Cardano and how does it work?

Cardano was created by Charles Hoskinson, a co-founder of Ethereum, another popular cryptocurrency, and it runs on a decentralized public ledger using blockchain technology. Blockchain manages and tracks the cryptocurrency, recording and ordering every transaction that occurs using it, like an endless receipt.

What does Cardano coin do?

Similar to other cryptocurrencies, ADA – Cardano is a digital coin that can be used to store value or send and receive funds.

What is Cardano and what makes it unique?

The unique features of Cardano have put it under the spotlight. One of the things Cardano is known for is its trusted and credible team. The solutions Cardano offered to the shortcomings of Bitcoin and Ethereum was what attracted investors.

Why is we are building Cardano?

We are developing a scalable, trustless, and decentralized lending protocol that harbors users within a self-governed environment. From day one, we committed to building natively on the Cardano blockchain, which will enable the lending platform to aggregate protocols that support business models that give economic support to billions of users.