CARDANO COIN (ADA):

cardano
  • Cardano is the third-generation blockchain platform for decentralized proof-of-stake.
  • It is designed to be more effective than a proof-of-work network. The ADA coin was founded in 2015 and then launched in 2017 by Charles Hoskinson. Charles Hoskinson is the co-founder of ethereum coin.

History

  • Cardano coin is funded by initial coin offering (ICO).
  • In 2017 the debut capital is $600 million, by the end of it, the capital is 10 billion.
  • In 2018 the market capitalization was $10 billion and it reached $33 billion which late dropped back to $10 billion.
  • It is believed to be more reliable than bitcoin and etherum as bitcoin is slow and inflexible whereas etherum is not safe.
  • Cardano Ada claims to overcome all existing problems in the market.
  • In 2017 IOHK partnered and helped the University of Edinburg to launch a blockchain technology laboratory.
  • In 2020 IOHK donated $500,000 in Ada to support the development of blockchain technology to the University of Wyoming.
  • In 2021 April IOHK and Ethiopia ministry of education announced a plan to launch an identity and record-keeping system for Cardano for 5 million students of the country.

Future

  • Cardano coin is expected to be more evolving in the crypto market. The current capitalization,
  • the people who developed it make Cardano one of the best investments in the crypto market.
  • Cardano coin is expected to be a good investment and will attain strong growth in the upcoming years.

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