Cardano: Building Towards Sustainable DeFi

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Executive Summary

Cardano (ADA) is an open-source blockchain founded in 2015 that leverages a Proof-of-Stake (PoS) consensus mechanism through a protocol known as Ouroboros. It supports the development of decentralized applications (dApps) through a multi-asset ledger and smart contract functionality. ADA is the native token on Cardano and is used to transact, pay network fees, and provide security via staking.Peer-Reviewed Research – IO Global (IOG) is a technology consulting company and the primary developer of Cardano...