Cardano (ADA) is a blockchain platform developed by IOHK, founded by Charles Hoskinson, that aims to provide a secure and scalable infrastructure for the development and execution of smart contracts and decentralized applications (dApps). Utilizing a unique proof-of-stake consensus algorithm called Ouroboros, Cardano offers enhanced security and energy efficiency compared to proof-of-work systems. The platform emphasizes a research-driven approach, incorporating peer-reviewed academic research and formal methods to ensure high levels of reliability and scalability. ADA is the native cryptocurrency of the Cardano network, used for transactions, staking, and participating in the platform's governance.