Cardano's Estimated Last Stable Average
What is Cardano
Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.
Cardano is a public blockchain platform. It is open source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency Ada.
Atypically, Cardano does not have a white paper. Instead it uses design principles intended to improve upon issues faced by other cryptocurrencies, such as scalability, interoperability, and regulatory compliance.
Cardano uses a proof-of-stake protocol named Ouroboros in contrast to Bitcoin and Ethereum which use proof-of-work protocols. Proof-of-stake blockchains use significantly less energy than proof-of-work chains. In February 2021, Hoskinson estimated the Cardano network used 6 GWh annually, less than 0.01% of the 110.53 TWh used by the Bitcoin network as estimated by the University of Cambridge.
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