Cardano is based on peer-reviewed research. Generally, there are five stages of Cardano blockchain development. They are foundation, decentralization, smart contracts, scaling, and governance. The main cryptocurrency of Cardano is called "ADA." It is based on the Cardano Blockchain, a groundbreaking decentralised network created by cryptography and engineering professionals that is based on scientific and mathematical concepts. It differs from other cryptocurrencies since it has a special multi-layer structure and incorporates mathematical ideas into its consensus method which sets it apart from other blockchains. The majority of the community is certain that Cardano will be widely recognised as the next generation of cryptocurrency solutions because it was created by the same business that created the Ethereum blockchain.