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Cardano, the first blockchain project in the world to be built from peer-reviewed research and scientific philosophy, has announced the launch of its cryptocurrency, Ada.
Mr. Hoskinson was the co-founder of Ethereum and is a founding member of Bitcoin Foundation. He said: “Blockchain technology represents a paradigm shift for how we manage data and assets, with consequences far beyond finance.
Cardano is a unique approach to blockchain technology and cryptocurrencies that will provide significant benefits over existing systems
“We are creating a new ecosystem that can grow and evolve to meet the demands of future generations while still protecting privacy, security and stability.”
Cardano, a popular cryptocurrency and blockchain platform, is set to launch its much-anticipated Shelley hard fork in July. The protocol update will bring more decentralization to the network and introduce staking rewards for holders of the ADA cryptocurrency.
The Cardano Foundation, one of the three entities behind the project, has announced that the Shelley hard fork will be implemented on July 29.
The Cardano community was informed of the date through a post on Twitter by Charles Hoskinson, the CEO of IOHK and co-founder of Ethereum (ETH). He said that Cardano will migrate from its current centralized system to a decentralized one that relies on staking pools.
The Shelley upgrade is expected to bring several improvements over the existing Byron era. The most notable feature is delegation – users will be able to delegate their stake to others and earn rewards without actively participating in consensus. This should allow all ADA holders to stake their coins, regardless of whether they have enough tech knowledge or hardware power to run a node.
Cardano’s approach is different from other major proof-of-stake coins like Tezos (XTZ), Cosmos (ATOM) or Algorand (ALGO). They rely on validators – specialized nodes that validate blocks and keep the network secure
Cardano ADA is a fully open-source, decentralized, public blockchain and cryptocurrency. Cardano is very similar to Ethereum, and the team wants to build on that. Cardano aims to operate a global smart-contract platform which will deliver much more advanced features compared to its competitors. Loads of existing investors are excited because Cardano is the first blockchain founded on scientific philosophy, and also the very first provably secure proof of stake algorithm.
Cardano as a project began with a large team of scientists and academics from around the globe, including Charles Hoskinson (former CEO of ETH). The team is well-respected in the crypto space, and has been working on this project for over 2 years now. That being said, Cardano’s scientific rigor could make it one of the safest cryptocurrencies out there. It is easy to invest in Cardano due its presence on most major exchanges like Binance, Bittrex and OKEx.
In September 2017, Cardano announced that it would be accepting Ada tokens for the purchase of Lamborghini sports cars at Lamborghini dealerships throughout the United States via Bitcoin Superstore integration.
ADA was trading at $0.000375 upon its launch in October 2017 and saw an all-time high price
The co-founder of Ethereum, Charles Hoskinson, is now the CEO of IOHK and launched ADA. IOHK is an advanced blockchain research and development company that aims to lay the foundation for emerging technologies. They are also involved in Cardano, an open source project that creates decentralized applications.
In addition to Cardano, IOHK develops peer-to-peer solutions based on blockchain technology. They are also behind Grothendieck Team, a team that aims to develop a new programming language for financial contracts.
The ADA cryptocurrency was born in 2015 when it was first announced by Hoskinson. The coin was launched in September 2017 and opened trading on the Bittrex exchange.
ADA’s current price is $ 0.146577 and its market capitalization is $ 3.90 billion. The unit has an available supply of 26,713,013,114 ADA and a total supply of 31,112,483,745 ADA. This is according to data from CoinMarketCap updated as of April 12, 2018 at 10:49 am EST.
At the time of writing this article (April 12th), ADA registered gains of 5% over the last 24 hours and a gain of 38% over the last 30 days. In mid
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
The project was founded by Charles Hoskinson, one of the co-founders of Ethereum, who had split from the Ethereum camp in 2014 after disagreements on how the platform should develop. Hoskinson went on to found IOHK, a technology company that builds cryptocurrencies and blockchains for academic institutions, government entities and corporations.
IOHK has also contributed to Ethereum Classic as well as launching the cryptocurrency IOHK (IOHK) with US$6 million in funding from angel investors.
The Cardano ICO raised $62 million in January 2017 with another $23 million through presales. As an indication of its popularity among investors, within three days of listing on Bittrex exchange, ADA rose nearly 300% to a market cap of $10 billion on 4 January 2018.
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It’s the first blockchain platform to evolve out of a scientific philosophy, and the only one to be designed and built by a global team of leading academics and engineers.
It was the first cryptocurrency to be developed from peer-reviewed research, with over 30 papers published on the subject since 2015. It has built up an international team of over 100 people with backgrounds in academia, engineering, and financial services, as well as advisors who are recognised leaders in their sector. Cardano is based on Ouroboros, the first Proof of Stake (PoS) algorithm that has mathematically been shown to be provably secure.