Cardano is a decentralized blockchain platform that utilizes a proof-of-stake consensus mechanism. The platform is designed to provide a more secure and scalable infrastructure for the development and operation of smart contracts and decentralized applications (dApps). Development began in 2015 under the leadership of Charles Hoskinson, one of the founders of Ethereum. When launched in 2017, Cardano became the largest cryptocurrency based on a proof-of-stake system, which is considered a more environmentally friendly alternative to traditional proof-of-work systems. Cardano uses a proof-of-stake consensus mechanism called Ouroboros. The platform aims to solve the scalability, interoperability, and sustainability issues existing in current blockchain solutions.

If you choose to hold this asset in Safello's wallet, the holding is solely for investment purposes. You cannot use features linked to the asset's network or protocol – such as governance voting rights or staking rewards – through Safello's platform.

Safello does not currently offer withdrawals for this asset, which means that you cannot transfer the holding to a self-hosted wallet via Safello in order to activate such features.