THE BIRTH OF CARDANO (ADA COIN)
The launch of Cardano (ADA coin) was in 2015. As other coins, Cardano Cryptocurrency was created to send and receive digital assets with a possibility to make quick and safe transactions. It should also be mentioned that the main goal of Cardano (ADA coin) creation was the will of designing a reliable ecosystem that meets the requirements of users and integrates perfectly with other systems.
Cardano (ADA) has spent most of its time since ranked within the top ten cryptocurrencies by market value. The coin runs on Cardano’s own blockchain network.
WHO CREATED CARDANO
In the early days of Ethereum, one of its co-founders, Charles Hoskinson saw the need for a more standardised, and scalable blockchain. With his mathematics background, Hoskinson began thinking about more scientific ways to build a blockchain. During this time, Hoskinson connected with Jeremy Wood, a former co-worker at Ethereum, who was looking to create a better blockchain and smart contracts platform. The two began to pursue Cardano as it exists today.
What is Cardano?
Cardano is a ground breaking proof-of-stake blockchain network, being developed into a decentralised application (DApp) development platform with a multi-asset ledger and verifiable smart contracts. Built with the rigor of high-assurance formal development methods. Cardano aims to achieve the scalability, interoperability and sustainability needed for real-world applications. Cardano is designed to be the platform of choice for the large-scale, mission-critical DApps that will underpin the economy of the future.
Based on peer-reviewed academic research, Cardano has an ethos of openness and transparency. All of the research and technical specifications that underpin Cardano are publicly published, and all Cardano development activity is made available to the public.
Cardano is designed by a global team of experts who are leaders in disciplines ranging from distributed systems to programming languages and game theory. It is jointly developed by IOHK and its partners.
IOHK develops the technology, the Cardano Foundation is responsible for supervising development and promoting Cardano, while Emurgo drives the commercial adoption.
“While we are building Cardano, we are merely custodians. When the network is fully decentralized it will belong to the community, and it will be the community who decide its future through advanced governance features”.
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