WHAT IS CARDANO ? -FOCUS ON CARDANO (ADA) #1

By Trading Passion | Trading's Passion | 21 Apr 2020


Launched in 2015, this cryptocurrency presents itself as “the first blockchain project developed using a scientific approach.” Indeed, this cryptocurrency was created by engineers as well as scientists. The launch comes after two years of research and one year of development. The project starts with an ICO up to $ 62 million. Cardano is a collective made up of 3 entities:  

 

1) Cardano Foundation: manages the Cardano project as well as legal issues such as regulation.

2) Input Output Hong Kong (IOHK): company behind the Caradano project. Their mission is to study new tools and paradigms for research in cryptography and cryptocurrency architecture. Its co-founder, Charles Hoskinson, also participated in the creation of Ethereum, before joining the teams of Ethereum Classic. He is also the former CEO of Invictus Innovations (the entity behind Bitshares) and has also worked with Daniel Larimer, co-founder of EOS.

3) Emurgo is a partner that will promote the adoption of the Cardano blockchain in two ways: by investing in startups creating dApps on Cardano. By developing partnerships with companies wishing to use blockchain to revolutionize their business

 

Like Ethereum or NEO, the project enables the deployment of decentralized applications and smart-contracts. Cardano aims to improve Ethereum. It solves the scalability problems encountered by the network. Cardano is still under development. The project will not be fully deployed until 2019. Parts are still under development with dozens of researchers and engineers around the world.

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Trading Passion
Trading Passion

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