What is ADA
Cardano is the distributed computing platform that runs the blockchain for Ada. Like other blockchain based distributed computing platforms; Cardano aims to run smart contracts, decentralized applications, multi-party computation, side chains, and metadata. It was created by blockchain development firm IOHK and led by Charles Hoskinson, a former co-founder of Ethereum. With Cardano, coins are mined and decisions made through the Ouroboros proof of stake algorithm, and consensus is generated through a coin holder vote
