Cardano is a platform with the ADA crypto system that can be used to send and receive cryptocurrencies. This cryptocurrency represents the future of money and enables fast, direct transfers that are guaranteed to be secure with cryptography.
Cardano is not just a cryptocurrency, it is a technological platform that can run financial applications used by individuals, organizations and governments around the world every day. The platform is built in blocks to make it easier to update the system and upgrade with soft forks. Upon completion of the core layer that will govern ADA, a separate computational layer will be created to handle smart contracts, digital legal agreements that will support future trade and business. Cardano will also run any decentralized applications or dapps (system that directly connects users and suppliers) services that run on a blockchain instead.
The innovation Cardano offers is that it balances users’ needs with the demands of regulators and combines privacy with regulation. Cardano’s vision is that the newly regulated computing style will enable greater financial inclusion by providing open access to fair financial services to all.