Review on Cardano by Lenon Cabrera

Cardano is a platform made up of two layers: an establishment layer that serves to handle smart contract transactions, one of its founders is "Charles Hoskinson" who is one of the Co-founders of Ethereum and in 2015 with the Cardano Foundation created Cardano. The idea is to separate the accounting from the transactions of the same and the reasons why they are carried out. The establishment layer is the first layer developed by the Cardano team. The ADA symbol is the native cryptocurrency of Cardano, ADA is used to send and receive digital funds in the establishment capacity. In turn, Cardano allows decentralized applications also known as DAPPS that run directly in the block chain instead of a centralized server. Cardano presents a consensus stake test using an algorithm called Ouroboros to validate transactions. Ouroboros was developed by a team of cryptographers from multiple academic institutions. It is specifically designed to be modular, future-proof and flexible as a consensus algorithm over time. In a Stake Test algorithm, the participant who created the next block was selected randomly proportionally to the size of his bet in the coin. As Cardano uses a Stability Test algorithm it is NOT dependent on mining as the working test algorithm, like the use of Bitcoin.