Comment on page
Everything you want to know about Cardano blockchain and ADA cryptocurrency.
Lovelace is the smallest unit of the ADA cryptocurrency used in the Cardano platform. 1 ADA is equivalent to 1 million Lovelaces. Named in honor of Ada Lovelace, a 19th-century mathematician often regarded as the first computer programmer, it's analogous to how a cent is to a dollar or a satoshi is to Bitcoin.
In Cardano, ADA holders can "stake" their tokens by delegating them to a stake pool or running their own stake pool. Staking helps secure the network, validate transactions, and in return, delegators earn rewards.
Yes, Cardano supports the development and execution of decentralized applications (dApps) and smart contracts with its platform, Plutus.
Cardano has a multi-phase development roadmap, with each phase bringing new features and improvements. The phases are named Byron, Shelley, Goguen, Basho, and Voltaire.