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Cardano (cryptocurrency)

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Cardano logoADA coin symbol
Ticker symbolADA
Initial releaseSeptember 29, 2017; 3 years ago (2017-09-29)[2]
Code repositoryhttps://github.com/input-output-hk/cardano-sl
Block explorercardanoexplorer.com
Circulating supply25.9 billion (as of 29 January 2018)[3]

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Cardano is a technology platform that runs the Ada cryptocurrency.[4] Launched by blockchain development firm Input Output Hong Kong (IOHK) and led by Charles Hoskinson, former co-founder of BitShares and Ethereum,[5][6] the platform will be capable of running financial applications, smart contracts, and decentralized applications.[7] The name Cardano is derived from the Italian mathematician, physician and astrologer, Gerolamo Cardano, and the currency, Ada, is named after English mathematician Ada Lovelace. Daedalus is the official cryptocurrency wallet that holds Ada.[8]


Cardano develops their currency around a Recursive InterNetwork Architecture (RINA).[9] The national research and education network of Greece plans the first Cardano pilot project by verifying student diplomas via Cardano's blockchain.[10][11] Hoskinson and team increased the frequency and detail of text and video briefings and Q&A in late 2017 including a lecture on January 8, 2018 in Cambridge Mass. USA.[12]

Ouroboros concept[edit]

Currently, ADA is the main cryptocurrency featuring in the Cardano blockchain.[13] Cardano uses the Ouroboros proof of stake algorithm to achieve decentralized consensus in its network. Ouroboros is the first provably secure PoS algorithm and, like the larger Cardano project, follows a scientific philosophy and research-first driven approach emphasizing peer review and transparency. The protocol aims at protecting user privacy and addressing their needs as well. In addition, it has developed its first virtual machine (VM) following strategies that worked with Ethereum. Hoskinson believes that the VM will start functioning effectively as at 2018[citation needed]. A paper on the Ouroboros Secure Proof of Stake was accepted by the International Association for Cryptologic Research in 2017.[14][15]

See also[edit]

  • List of cryptocurrencies


  1. "Cardano". Coinmarketcap.
  2. "Cardano Foundation". cardanofoundation.org.
  3. "Cardano (ADA) price, charts, market cap, and other metrics – CoinMarketCap". coinmarketcap.com.
  4. "What is Cardano?". Cardano Hub. Retrieved January 31, 2018.
  5. "Graphene Documentation". Graphene Documentation.
  6. "IOHK Launches Cardano Blockchain; Ada Now Trading on Bittrex". Bitcoin Magazine. October 2, 2017.
  7. "What is Cardano?". Cardano Hub. Retrieved January 31, 2018.
  8. Jesse Damiani (December 16, 2017). "Crypto Watch: Cardano (ADA) Price Leaps 117% In 22 Hours, Surging Past IOTA With $10.4B Market Cap". Forbes. Retrieved January 18, 2018.
  9. "Cardano (ADA) – 3rd generation of Cryptocurrency".
  10. "Cardano Lists ADA Futures on BitMEX". Bitcoin Magazine. January 8, 2018.
  11. "Bitcoin's Smaller Cousins Are Leading the Crypto Rally". Bloomberg.com. December 20, 2017. Retrieved January 16, 2018.
  12. Troiano, Mike (January 9, 2018). "Hoskinson Talks Third Gen Blockchain". G20 Ventures. Retrieved January 29, 2018.
  13. "Cardano (ADA): Is Worth Investing? – Crypto Recorder". Crypto Recorder. 2018-01-11. Retrieved 2018-01-16.
  14. "Ouroboros: A Provably Secure Proof-of-Stake Blockhchain Protocol" (PDF).
  15. "Crypto 2017 Accepted Papers". www.iacr.org. Retrieved 2018-01-29.

External links[edit]

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