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Cardano (ADA)

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Cardano (ADA)

Date of introduction: September 29, 2017

Rank on Coinmarketcap: 5

Current Price: €0,50

Current circulating supply: 26.000.000.000 ADA

Total Supply: 45.000.000.000 ADA

Official Website: https://www.cardanohub.org/en/home/

 

What is Cardano

Cardano is home to the ADA cryptocurrency, which can be used to send and receive digital funds. This digital cash represents the future of money, enabling fast and direct transfers that are guaranteed to be secure through the use of cryptography.

Cardano is more than just a cryptocurrency, however, it is a technological platform that will be capable of running financial applications currently used every day by individuals, organizations and governments around the world. The platform is being constructed in several layers, which gives the system the flexibility to be more easily maintained and allows for upgrades by way of soft forks. After the settlement layer that will run Ada is complete, a separate computing layer will be build to handle smart contracts, the digital legal agreements that will underpin future commerce and business. Cardano will also run decentralized applications, or dapps, services not controlled by any single party but instead operate on a shared blockchain.

 

 

Leadership

CEO

Charles Hoskinson

  • Founder of Ethereum
  • Founder of IOHK
  • Founder of Invictus Innovations

Twitter: https://twitter.com/iohk_charles

LinkedIn: https://www.linkedin.com/in/charles-hoskinson-1a95a4b4/

 

 

Team

  • The IOHK team consists of 94 fulltime people divided over a total of 15 departments.

 

Location

  • Cardano HQ is located in Switzerland, however, their initial target market was Japan

 

Partnerships

Cardano was founded by Charles Hoskinson, one of the co-founders of Ethereum. He left Ethereum because his vision for the future of Ethereum differed from that of the other founders, thus he partnered with the Cardano Foundation. The Cardano Foundation focusses on the standardising, protection and promotion of the Cardano Protocol technology.

He then started IOHK, a company that mainly focusses on the further engineering and technology’s uses of peer-to-peer innovations and review. IOHK is working together with Cardano and its responsibilities include the build, design, and maintenance of Cardano, at least until 2020.

Lastly, the third company working together with Cardano is Emurgo. A company that focuses mainly on supporting, incubating and the development of the commercial ventures of Cardano. Leaving Cardano being the child of notable and competent figures and companies known in the blockchain world.

 

Future plans:

  • Will enter the next phase of the roadmap in Q2 of 2018
  • Plans in 2018 to release 25 ATM machines in Japan to purchase ADA

 

Positives sides

  • Includes smart contracts
  • Has an official wallet; Daedalus
  • Possible to Proof of Stake mining (POS)

 

Negative sides

  • Very high circulation of coins

 

Cardano explained

https://www.youtube.com/watch?v=Ja9D0kpksxw&t=1232s

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