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What is Cardano?

  • June 22, 2020

Cryptocurrency creators come from all places, and with all kinds of motivations. Indeed, that’s one of the most exciting parts about digital currencies, anyone with enough will and determination can create one. While the development of the currency is sometimes inconsequential, at other times, it feeds right into what the coin is all about. This is certainly the case with Cardano. 

So what is Cardano? It’s a blockchain with an impressive background, that’s what it is. It’s the first peer-reviewed blockchain in the world and is the handy work of a team of academics and scientists from universities across the world.

Using the philosophy that the first invention is never the finished one, Cardano hoped to deliver a blockchain that will be the solution to the problems experienced by Bitcoin and Ethereum. These are considered first and second-generation blockchains, respectively, and Cardano is the third generation. 

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There’s a digital currency attached, which is called Ada. Perhaps the thing that’ll stand out most to people about Ada is that it’s scalable using a layered architecture. Interestingly, Cardano is the brainchild of Charles Hoskinson, who was one of the founding members of Ethereum. So when they say that it’s an improved version of that platform, then it’s worth checking it out.

Overall, this project is impressive for several reasons, including the team that’s working behind the scenes, the lack of scale limit, and the fact that ADA offers fast and secure transactions. However, it’s not finished yet, so the true impact is hard to gauge. 

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