Cardano (ADA) on Alice-Bob

Cardano is a multi-level blockchain platform based on the Proof-Of-Stake consensus, designed to create decentralized applications based on smart contracts.

Chain features

The Cardano chain uses the Ouroboros protocol. In the PoS algorithm, nodes create new blocks, they put their cryptocurrency to verify transactions. Ouroboros uses a different algorithm. The blockchain is divided into epochs, each lasting about 20 seconds, and consists of fixed periods called slots. Each slot gets its own slot leader chosen by the stakeholders, he is responsible for adding one block to the protocol.

Token ADA

The ADA coin is a cryptocurrency used in the Cardano chain. ADA tokens allow you to vote and bet in the chain ecosystem. For ADA staking, the user receives a reward.