About Cardano

Cardano is an open-source decentralized blockchain and cryptocurrency project as well as the first peer-reviewed blockchain in the world. It was created by Ethereum co-founder Charles Hoskinson who has put a lot of effort into this project and established 3 organizations. Cardano is a smart contract platform similar to Ethereum that has its own digital token called Ada. Ada received its name thanks to famous mathematician Ada Lovelace.  The Cardano Foundation, IOHK, and Emurgo work in synergy to develop the Cardano 3rd generation blockchain.  
Cardano not only utilises the best features of Bitcoin and Ethereum but also has its own unique elements that help in achieving scalability, interoperability, and sustainability. This project is exclusive since it is built on scientific philosophy and peer-reviewed academic research.

The Cardano blockchain has two layers: the first one is responsible for transferring ADA between accounts and recording transactions, while the second one contains the smart contract logic that developers can leverage to programmatically move funds.