$0.46
1H
0.65%$0.0030
24H
-1.67%$0.0078
7D
-2.50%$0.0118
30D
-19.2%$0.1091
Cardano (ADA) is a decentralized platform that will allow complex programmable transfers of value in a secure and scalable fashion. Founded by Charles Hoskinson, its development started in 2015, and it then raised around $60 million in an ICO in 2017 before its release. Hoskinson was also one of the founders of Ethereum. Cardano is reportedly the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach, and one of the first to be built in the Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. The development team consists of a large global collective of expert engineers and researchers. The protocol reportedly features a layered blockchain software stack that is flexible, scalable and is being developed with the most rigorous academic and commercial software standards in the industry. Cardano will use a democratic governance system that allows the project to evolve over time, and fund itself sustainably through a treasury system. Cardano also notes that it will combine users’ need for privacy with regulation, so that Cardano’s style of regulated computing will foster greater financial inclusion.
Cardano is supported by three organizations that are separate in both ownership and leadership. The Cardano Foundation is an independent, Swiss-based organization that oversees the development of the Cardano ecosystem, IOHK designs and builds Cardano and Emurgo is the for-profit arm that supports Cardano with commercial ventures. Cardano’s roadmap for development has been divided into five eras: Byron, Shelley, Goguen, Basho and Voltaire. While each separate era has its own set of functionalities that will be developed and supported in multiple code releases in a sequential order, the development of each era is parallel and simultaneous across the different systems. Cardano also has its own block explorer, which allows users to check the history of ADA transactions that are publicly recorded on the blockchain.
The long-awaited Cardano vasil hard fork has now been successfully completed and launched on its testnet. This means that soon, all the major changes and upgrades attached to the fork will be accessible on the mainnet.
Gnox is pleased to announce that it has sold 49.5 million tokens in its first presale round, raising the token price by more than 60 percent.
The Cardano blockchain developer, Input-Output, has started counting down toward the launch of the long-awaited Vasil Network Upgrade.
The recent collaboration will help the Cardano Foundation to take further its goal of driving the adoption of blockchain technology to a vibrant open-source community.
Cryptocurrency investors want their investment to be worth it, just like any other sector in finance, you want the product in which you purchase for your hard-earned money to fulfil its promises.