June 15 (Cointime) - Cardano has established a strong position in the blockchain market due to its scientific approach, unique proof-of-stake consensus protocol, and emphasis on compliance. Its success can also be attributed to extensive peer-reviewed research, scalability and sustainability features, and growing ecosystem and partnerships.

Notable companies within the Cardano ecosystem include IOHK, Coinone, Nexo, and NOWNodes, which provides node deployment and management services for multiple blockchain networks, including Cardano.

The Cardano blockchain operates through a decentralized network of nodes that maintain the integrity of the blockchain, using a proof-of-stake consensus protocol called Ouroboros.