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Cardano, found online at CardanoHub.org, is an open source blockchain technology project. Like similar projects, Cardano consists of a platform and a cryptocurrency. Cardano’s cryptocurrency, Ada (ADA), currently sits in the top 10 largest cryptocurrencies by market cap.
Cardano is a project that began in 2015 as an effort to change the way cryptocurrencies are designed and developed. The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration.
Cardano was launched on September 29, 2017, after two years of development.
Cardano’s wallet is called the Daedalus wallet. It’s a secure, multi-platform, hierarchical deterministic (HD) wallet for the Ada cryptocurrency.
You can install Daedalus on your system to open the application, then get started with the Cardano ecosystem.
With the wallet, you can send and receive Ada, then view a history of the transactions you’ve made. You can also use the Cardano Blockchain Explorer to get a history of previous transactions.
Cardano is led by the Cardano Foundation, IOHK, and Emurgo. The Cardano Foundation is registered in Zug, Switzerland. Input-Output HK, or IOHK, is a blockchain research and development company founded in 2014. IOHK focuses largely on academic applications for blockchain technology and is incorporated in Hong Kong. Emurgo is a Tokyo-based blockchain technology development company.
Overall, the platform is in development by a group of experts around the world.
Cardano is a blockchain technology that aims to improve and expand on the concept of smart contracts. Launched on September 29, the platform promises to deliver more advanced features than any protocol previously developed. Key features introduced so far have included the Ouroboros proof of stake mechanism, designed to be one of the most scalable consensus algorithms in the community today, and the Daedalus wallet, where users can hold their Ada tokens.
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