Cardano
$0.03647 -1.49%
ADA · 18w

What Is Cardano (ADA)? - Guide About Everything You Need To Know

What Is Cardano?

Cardano (ADA) is one of the most recognized blockchains and crypto projects in the space. Co-founded by Charles Hoskinson, Cardano can be considered a smart contract platform that offers a scalable and secure architecture for developers and users. 

According to the official site of Input Output Hong Kong (IOHK), the development company working on Cardano, the project is a blockchain platform with more advanced features than any other protocol in the market. Cardano’s team has been working in order to create a PoS system that would allow the digital currency and network to become one of the fastest and most scalable blockchain projects in the market. 

It is worth pointing out that Cardano has a different approach compared to other crypto projects in the space since it has been developed taking into account philosophy and peer-reviewed academic research. 

Cardano is considered to be a third-generation cryptocurrency that aims at solving and addressing problems of scalability, interoperability and security. 

Charles Hoskinson

Charles Hoskinson is the co-founder, not only of Cardano but also of Ethereum (ETH) and the CEO of IOHK. Mr. Hoskinson has been working in the space for a long period of time. For example, he started by investing in several crypto startups that were just growing in 2013 and 2014. 

He has been working on Cardano since he launched the project in September 2017, when the bull market in the space was helping Bitcoin reach new all-time highs. Hoskinson wrote Cardano using the Haskell programming language that is used in financial institutions and defense software. 

Hoskinson is a very respected figure in the cryptocurrency market that has been working in different projects, talked at events and helped Cardano as well as Ethereum expand in the market. 

How Does Cardano Work?

Cardano is based on three different organizations that help it evolve and move forward: The Cardano Found...

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