What is Cardano?
Cardano (ADA) is a third-generation cryptocurrency and its blockchain was built on the basis of peer-reviewed studies, i.e. it has been conceptualised, tested and reviewed by the world’s leading universities. This is why it is considered the first scientific blockchain in the cryptocurrency market. It is named after Girolamo Cardano, a 16th century mathematician and the first to theorise probability. ADA, on the other hand, pays tribute to the renowned 19th century English mathematician and writer Ada Lovelace, best known for her work on mechanical computing.
Why buy Cardano?
Cardano’s strong scientific identity makes it a unique project. Indeed, the name of Charles Hoskinson’s – former co-founder of Ethereum – is a sign of assurance. The quality of his technical papers and the formulation of new concepts for this technology are just one example of Cardano’s potential. Moreover, its ADA token has grown so fast that it is worth more than more experienced projects such as Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP).
How was it created?
Cardano was launched in 2017 by Charles Hoskinson, one of the co-founders of Ethereum. Hoskinson’s idea was to create a decentralised, secure and advanced platform. The Cardano Foundation, a non-profit organisation that manages the network, also promotes the use of Cardano as a system to “build a better reality”. Thanks to its Proof of Stake protocol, Cardano is an environmentally friendly cryptocurrency, as, unlike Ethereum and Bitcoin, it needs very little energy to function.
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