MoonPay Explains: Cardano (ADA)

January 01, 2023

Cardano (ADA) is a self-proclaimed third generation Proof-of-Stake blockchain solution founded in 2015. The name was chosen for the Cardano consensus algorithm because it is designed to be an autonomous system. The pegged asset is locked on the main blockchain and can only be unlocked on the sidechain. This allows developers to experiment with new features on a sidechain without affecting the main blockchain. The Cardano roadmap is divided into five phases:Byron Shelley Goguen Basho VoltaireByron was the first phase of the Cardano roadmap, and it focused on launching the mainnet and achieving a basic level of decentralization.

The source of this news is from MoonPay