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Cardano – what is it, and who created it?

Cardano is a blockchain that was launched in 2015 by Input Output Hong Kong (IOHK), a technology company owned by Charles Hoskinson. Interestingly, he previously worked on the development of Ethereum.

It can be said that Cardano is a decentralized, open-source platform with a public registry. However, what is very important, it has its source code, created entirely from scratch. It also has its cryptocurrency called ADA. The name was created in reference to the 19th-century British mathematician Ada Lovelace, who made history as the first female programmer.

What can the Cardano blockchain be used for?

Cardano blockchain is an answer to the market's problems with high transaction fees and long transaction times. Cardano's patented Proof-of-Stake system, Ouroboros, dramatically improves network performance while reducing energy costs. Importantly, all this is done without compromising the security of transactions. Cardano's mission was to build a comprehensive all-in-one platform for smart contracts, decentralized applications (dApps) or tokens distributed during ICOs.

Where to buy Cardano?

Cardano can be bought on many well-known and well-respected cryptocurrency exchanges. Among them are Bittrex, Binance, HitBTC or Binance. Furthermore, the outlook for Cardano is very optimistic, which should make it all the more important for investors to learn more about this blockchain.

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  • Polkadot - what is it? Description of the crypto
  • The most popular blockchains: Bitcoin, Ethereum, Cardano, Polkadot - Guide
contact us

[email protected]
25 avenue Adrien Lachenal
1290 Versoix
Geneva, Switzerland

sitemap
  • investment process
  • about us
  • team
  • news
  • contact
social media
latest news
  • PayPal rolling out a stablecoin
  • The case for a digital euro
  • Institutions To Tokenize $25B in Off-chain Assets in 2023, VanEck Execs Predict
popular posts
  • What is a security token?
  • Polkadot - what is it? Description of the crypto
  • The most popular blockchains: Bitcoin, Ethereum, Cardano, Polkadot - Guide

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