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project icon for cardano

Cardano

ADA
$0.1044
2.44%
Positive delta icon

Cardano is an open-source, public smart contract platform utilizing a Proof of Stake consensus mechanism.

Overview

Project Stage

Live status icon

Amount Raised

$62,200,000.00

Market Cap

$3,248MM

Sector

Smart Contract Platform

Blockchain

Native token icon

Cardano

Funding Source

Token Sale

Project Profile

Project Details

Cardano self-identifies as a third-generation blockchain protocol, which began with an unstructured collection of ideas addressing flaws in the first generation blockchain protocol (Bitcoin) and second-generation protocol (Ethereum). Cardano aims to inherit the successful features and lessons learned from earlier blockchain projects, discard flaws, and incorporate new technologies and best practices that emerge from a research-based approach. Cardano identifies three major problems with the Bitcoin and Ethereum protocols in the areas of scalability, sustainability, and interoperability.

Cardano is being developed by an international team of academics and engineers. Three primary organizations contribute to its development including cryptocurrency research company IOHK led by Ethereum co-founder Charles Hoskinson, the Cardano foundation, and a Japan-based startup accelerator called Emurgo. Cardano is developing a smart contract programming language, Plutus, that is derived from the functional language, Haskell, and leverages peer-review and high assurance software standards throughout the development process.

Flexibility is a key consideration as the development of the platform is planned in layers, to better facilitate ongoing maintenance and easier upgrades over time through soft forks. A core component differentiating their platform from other smart contract projects is “Ouroboros”, which they claim to be the first Proof of Stake (PoS) consensus algorithm that is scientifically proven as secure. As of early 2020, however, Cardano operates via a federated architecture and its public PoS protocol is in testnet with a planned upgrade to mainnet, called Shelley at some point in 2020. Following the transition to Shelley, the project aims to add smart contract functionality through the Goguen upgrade and increase scalability through the use of sidechains during the Basho upgrade.

Asset Details

The Cardano token, “ADA”, can be used to send and receive digital funds, and must be used with their digital wallet, “Daedalus”. Currently, the team is working to complete the settlement layer that will run ADA.

For additional insight and commentary on Cardano, read Introduction to Cardano
project icon for cardano

Cardano

ADA
$0.1044
2.44%
Positive delta icon

Cardano is an open-source, public smart contract platform utilizing a Proof of Stake consensus mechanism.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$3,248MM
Native token icon

Cardano

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$62MM

Smart Contract Platform

Project Profile

Project Details

Cardano self-identifies as a third-generation blockchain protocol, which began with an unstructured collection of ideas addressing flaws in the first generation blockchain protocol (Bitcoin) and second-generation protocol (Ethereum). Cardano aims to inherit the successful features and lessons learned from earlier blockchain projects, discard flaws, and incorporate new technologies and best practices that emerge from a research-based approach. Cardano identifies three major problems with the Bitcoin and Ethereum protocols in the areas of scalability, sustainability, and interoperability.

Cardano is being developed by an international team of academics and engineers. Three primary organizations contribute to its development including cryptocurrency research company IOHK led by Ethereum co-founder Charles Hoskinson, the Cardano foundation, and a Japan-based startup accelerator called Emurgo. Cardano is developing a smart contract programming language, Plutus, that is derived from the functional language, Haskell, and leverages peer-review and high assurance software standards throughout the development process.

Flexibility is a key consideration as the development of the platform is planned in layers, to better facilitate ongoing maintenance and easier upgrades over time through soft forks. A core component differentiating their platform from other smart contract projects is “Ouroboros”, which they claim to be the first Proof of Stake (PoS) consensus algorithm that is scientifically proven as secure. As of early 2020, however, Cardano operates via a federated architecture and its public PoS protocol is in testnet with a planned upgrade to mainnet, called Shelley at some point in 2020. Following the transition to Shelley, the project aims to add smart contract functionality through the Goguen upgrade and increase scalability through the use of sidechains during the Basho upgrade.

Asset Details

The Cardano token, “ADA”, can be used to send and receive digital funds, and must be used with their digital wallet, “Daedalus”. Currently, the team is working to complete the settlement layer that will run ADA.

For additional insight and commentary on Cardano, read Introduction to Cardano

Recent News

Charles Hoskinson, co-founder of Ethereum and Cardano CEO, has joined Endor, a predictive analytics firm that uses a proprietary 'Social Physics' based ML algorithm to garner actionable insights from encrypted data without needing to decrypt it

February 6, 2019

Sources:

more

The International Association of Trusted Blockchain Applications (INATBA) has launched in Brussels with a ceremonial signing at the European Commission headquarters; the new initiative, comprising some 105 organizations (including Accenture, Sovrin, Cardano, Consensys, SWIFT, R3 and many others) boasts Governmental Advisory board member's including the European Commission, the World Bank, the OECD and UNICEF

April 4, 2019

Sources:

more

Singapore exchange Bitrue hacked for $4 million in XRP and ADA

June 27, 2019

Sources:

CoinDesk
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project icon for cardano

Cardano

ADA
$0.1044
2.44%
Positive delta icon

Cardano is an open-source, public smart contract platform utilizing a Proof of Stake consensus mechanism.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$3,248MM
Native token icon

Cardano

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$62MM

Smart Contract Platform

Project Profile

Project Details

Cardano self-identifies as a third-generation blockchain protocol, which began with an unstructured collection of ideas addressing flaws in the first generation blockchain protocol (Bitcoin) and second-generation protocol (Ethereum). Cardano aims to inherit the successful features and lessons learned from earlier blockchain projects, discard flaws, and incorporate new technologies and best practices that emerge from a research-based approach. Cardano identifies three major problems with the Bitcoin and Ethereum protocols in the areas of scalability, sustainability, and interoperability.

Cardano is being developed by an international team of academics and engineers. Three primary organizations contribute to its development including cryptocurrency research company IOHK led by Ethereum co-founder Charles Hoskinson, the Cardano foundation, and a Japan-based startup accelerator called Emurgo. Cardano is developing a smart contract programming language, Plutus, that is derived from the functional language, Haskell, and leverages peer-review and high assurance software standards throughout the development process.

Flexibility is a key consideration as the development of the platform is planned in layers, to better facilitate ongoing maintenance and easier upgrades over time through soft forks. A core component differentiating their platform from other smart contract projects is “Ouroboros”, which they claim to be the first Proof of Stake (PoS) consensus algorithm that is scientifically proven as secure. As of early 2020, however, Cardano operates via a federated architecture and its public PoS protocol is in testnet with a planned upgrade to mainnet, called Shelley at some point in 2020. Following the transition to Shelley, the project aims to add smart contract functionality through the Goguen upgrade and increase scalability through the use of sidechains during the Basho upgrade.

Asset Details

The Cardano token, “ADA”, can be used to send and receive digital funds, and must be used with their digital wallet, “Daedalus”. Currently, the team is working to complete the settlement layer that will run ADA.

For additional insight and commentary on Cardano, read Introduction to Cardano

Recent News

Charles Hoskinson, co-founder of Ethereum and Cardano CEO, has joined Endor, a predictive analytics firm that uses a proprietary 'Social Physics' based ML algorithm to garner actionable insights from encrypted data without needing to decrypt it

February 6, 2019

Sources:

more

The International Association of Trusted Blockchain Applications (INATBA) has launched in Brussels with a ceremonial signing at the European Commission headquarters; the new initiative, comprising some 105 organizations (including Accenture, Sovrin, Cardano, Consensys, SWIFT, R3 and many others) boasts Governmental Advisory board member's including the European Commission, the World Bank, the OECD and UNICEF

April 4, 2019

Sources:

more

Singapore exchange Bitrue hacked for $4 million in XRP and ADA

June 27, 2019

Sources:

CoinDesk
Load More