About Cardano
Cardano expresses state through eUTXO
Cardano uses an extended unspent transaction output model, placing scripts, data, and spending conditions in verifiable outputs. The model supports deterministic validation, but application developers must understand how state is consumed and created.
Ouroboros Praos uses stake pools for block production
Cardano uses Ouroboros Praos proof of stake. Holders can delegate stake to pools, and the protocol uses stake and randomness to schedule block production instead of having miners compete with hash power.
45 billion ADA is the protocol supply ceiling
ADA has a maximum supply of 45 billion and uses lovelace as its smallest unit. Reserve releases, staking rewards, and transaction fees shape the path of circulating supply, so maximum supply, circulating supply, and an account balance are different measures.
Cardano delegation is not the same as custody transfer
Cardano delegation assigns block-production weight to a stake pool, but users still need to separate wallet authorization, pool performance, reward rules, and protocol upgrades. eUTXO determinism does not remove resource or script risk from every application.